Mirgor, Petrobras, Southern Copper: Latin Equity Preview

uitjBy Paulo Winterstein and James Attwood

July 4 (Bloomberg) -- The following stocks may have significant gains or losses in Latin American markets. Symbols are in parentheses after company names, and stock prices are from the last session.

The MSCI index of Latin American shares fell 2.8 percent to 4,368.16 yesterday. In Brazil, preferred shares are the most commonly traded class of stock.

Argentina

Irsa Inversiones y Representaciones SA (IRSA AR): Argentina's biggest real-estate developer said it bought a 30 percent stake in Metropolitan 885 Third Avenue LLC for $22.6 million. Metropolitan 885 Third Avenue's main asset is an office building in Manhattan, New York, Irsa wrote in a regulatory filing yesterday. Irsa fell 2 percent to 3.4 pesos.

Mirgor Sacifia (MIRG AF): Argentine automakers increased production 7.7 percent in June from a year earlier, the country's Automaker Association said yesterday in a statement. Mirgor, which makes climate-control systems for vehicles, fell 0.8 percent to 189 pesos.

Brazil

Petroleo Brasileiro SA (PETR4 BS): Brazil's state- controlled oil company said its Brazilian crude oil and natural gas liquids output rose 0.7 percent in June compared with May, and 2.2 percent higher than a year earlier. Output from Brazil's domestic on-shore and offshore oil fields rose to 1.87 million barrels a day from 1.85 million barrels a day in the previous month, according to a statement posted yesterday on the Rio de Janeiro-based company's Web site. Petrobras fell 3.3 percent to 42.55 reais.

Telecomunicacoes de Sao Paulo SA (TLPP4 BS): Brazil's consumer protection agency said yesterday that users affected by disruptions in high-speed Internet connections provided by Telesp, as the Brazilian unit of Telefonica SA is known, can request compensation. Telesp fell 3.5 percent to 41.95 reais.

Peru

Southern Copper Corp. (PCU/C PE): Workers at a smelter owned by Southern Copper, the world's seventh-largest copper producer, ended a three-day stoppage after the government ruled a nationwide mining strike was illegal, a company spokesman said. The Ilo smelter was operating normally yesterday, said Alberto Giles, a spokesman for Phoenix-based Southern Copper. Southern Copper fell 2 percent to $100.50.

To contact the reporters on this story: Paulo Winterstein in Sao Paulo at pwinterstein@bloomberg.net; James Attwood in Santiago at jattwood3@bloomberg.net.