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The following companies had unusual price changes in Sao Paulo trading. Stock symbols are in parentheses and prices are as of the close of trading. Preferred shares are usually the most-traded class of stock.
The Bovespa (IBOV) index lost 0.6 percent to 64,510.97.
Oi SA (BRTO4) (BRTO4 BS) fell 3.4 percent to 9.77 reais. The company formerly known as Brasil Telecom SA (BRTO4) reported an 80 percent drop in fourth-quarter profit as expenses increased due to a restructuring.
Rossi Residencial SA (RSID3) (RSID3 BS) declined 3.3 percent to 9.86 reais. The homebuilder was downgraded to the equivalent of hold by analysts at Banco BTG Pactual SA including Marcello Milman, who cited lower expectations for earnings.
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Hong Kong stocks rose, led by a rebound in shares that had driven a slump on Thursday.
The Hang Seng Index advanced 1% as of 08:26 as Industrial & Commercial Bank of China and Ping An Insu
Brazil stocks were higher after the close on Friday, as gains in the Basic Materials, Financials and Public Utilities sectors led shares higher.
At the close in Sao Paulo, the Bovespa rose 0
Asian and European markets rose yesterday, with Japan’s Nikkei clocking up a record-equalling 14 straight wins, while the dollar also rallied on hopes for Donald Trump’s tax cut plans.
Blackstone Group LP made a splash in May when it announced a $100 billion ambition for infrastructure investments. On Thursday, it got more specific with its plans.
The private equity gian
The largest Shariah bank in Malaysia and ASEAN in terms of total assets, Maybank Islamic Berhad won the Best Global Islamic Financial Institution award at the Global Finance Awards 2017 in Washington