Brasil Telecom, Rossi, TAM, Tecnisa: Brazilian Equity Movers

By Paulo Winterstein

July 16 (Bloomberg) -- Brazil's Bovespa index of the most- traded shares on the Sao Paulo stock exchange gained 0.3 percent to 61,174.56 at 9:21 a.m. New York time.

The following are among the most active stocks in the Brazilian market today. In Brazil, the preferred share is usually the company's most-traded class of stock.

Brasil Telecom SA (BRTO4 BS) climbed 2.5 percent to 18.80 reais. The operating unit of Brasil Telecom Participacoes SA (BRTP4 BS), the country's third-biggest fixed-line telephone company, reported second-quarter net income rose 75 percent to 254.4 million reais ($160.2 million) as it added Internet and mobile-phone customers. The profit beat the 197 million reais predicted by analysts in a Bloomberg survey. Brasil Telecom Participacoes rose 1.1 percent to 23.25 reais.

Rossi Residencial SA (RSID3 BS) gained for a fourth day, adding 3.3 percent to 12.50 reais. Brazil's third-biggest homebuilder said its second-quarter presales contracts more than doubled to 533 million reais ($336 million). Presales increased from 247 million reais a year earlier, Sao Paulo-based Rossi said in a filing on the Brazilian regulator's Web site yesterday. The company began work on 776 million reais of new projects, up from 401 million reais in the second quarter of last year.

Tecnisa SA (TCSA3 BS) rose to the highest in two weeks, adding 4.9 percent to 7.90 reais. Brazil's third-largest homebuilder said its presales contracts rose more than fourfold in the second quarter. Presales contracts rose to 331 million reais ($208 million) from 73 million reais a year earlier, Sao Paulo-based Tecnisa said in a filing on the Brazilian regulator's Web site.

TAM SA (TAMM4 BS) advanced to the highest in two weeks, adding 2.2 percent to 29.30 reais. Brazil's biggest airline may report earnings growth in the second quarter at a time when ``positive second-quarter of 2008 net earnings for any airline is an accomplishment,'' Citigroup Inc. analyst Stephen Trent wrote in a note.

To contact the reporter on this story: Paulo Winterstein in Sao Paulo at pwinterstein@bloomberg.net.