Cap, Cesp, Edenor, Falabella, Itau, Oma: Latin Equity Preview

By James Attwood and Paulo Winterstein

Aug. 11 (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 2.2 percent to 4,033.09 yesterday. In Brazil, preferred shares are the most commonly traded class of stock.

Argentina

Empresa Distribuidora y Comercializadora Norte SA (EDN AF): The Buenos Aires-based electricity distributor reported an almost fivefold jump in second-quarter profit. Quarterly net income rose to 38.6 million pesos ($12.7 million) from 8.1 million pesos a year earlier, according to Bloomberg calculations based on first-half results reported Aug. 8. That beat the 30.4 million peso average forecast of three analysts surveyed by Bloomberg. Edenor fell 2.2 percent to 1.78 pesos.

Brazil

Banco Itau Holding Financeira SA (ITAU4 BS): A unit of Brazil's second-biggest non-government bank, BFB Leasing SA Arrendamento Mercantil, canceled plans to sell as much as 20 billion reais ($12 billion) of subordinated notes in local debt markets. The cancellation was posted on Brazil's securities regulator Web site Aug. 8. BFB didn't give a reason for the cancellation. Itau fell 1.5 percent to 32.71 reais.

Cia. Energetica de Sao Paulo (CESP6 BS): The state- controlled utility that was put up for auction this year requested that the federal government extend licenses for two hydroelectric dams to 2024. Cesp, as the electric company is known, asked that Brazil's Mines and Energy Ministry extend the Jupia and Ilha Solteira hydroelectric dam permits, according to an Aug. 8 regulatory filing. The licenses are set to expire by 2015. Cesp fell 1.7 percent to 28.75 reais.

Chile

Cap SA (CAP CC): Chile's biggest steel and iron-ore producer said second-quarter profit more than doubled on higher prices. Net income rose to $98.8 million from $44.2 million a year earlier, according to Bloomberg calculations based on first-half results released Aug. 8. That topped the $77.9 million average estimate of five analysts surveyed by Bloomberg. Cap fell 1.9 percent to 19,991 pesos.

SACI Falabella SA (FALAB CC): Chile's biggest department store operator reported a 6.1 percent decline in first-half profit. Net income fell to 110 billion pesos ($213 million) from 117 billion pesos a year earlier, the Santiago-based company wrote in a statement posted on the regulator's Web site Aug. 8. It didn't give separate second-quarter results. Falabella fell 0.2 percent to 2,120.20 pesos.

Mexico

Grupo Aeroportuario del Centro Norte SAB (OMAB MM): The smallest non-state Mexican airport operator had July passenger traffic that was below estimates as domestic flights were cut, Credit Suisse Group AG analysts wrote in a research note e-mailed Aug. 8. The company known as Oma may not meet its own forecast for full-year passenger traffic growth, analysts Vanessa Quiroga and Alan Solis wrote. Oma fell 3.3 percent to 20.43 pesos.

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