Gol, LLX Logistica, Unibanco, Vale: Brazilian Equity Movers

By Fabio Alves

Aug. 7 (Bloomberg) -- The following companies are having unusual price changes in Brazil trading. Stock symbols are in parentheses, and share prices are as of 9:09 a.m. New York time. Preferred shares are usually the most-traded class of stock.

The Bovespa index rose 0.6 percent to 57,856.92.

Cia. Vale do Rio Doce (VALE5 BS) rose for a third day, gaining 1.7 percent to 37.35 reais. The world's biggest iron-ore producer said yesterday that second-quarter net income rose 22 percent to $5.01 billion, or $1.02 a share. The results topped the average estimate of 91 cents a share from eight analysts surveyed by Bloomberg News. Sales for Rio de Janeiro-based Vale gained 22 percent to $10.6 billion, the company said in a statement to regulators yesterday.

Gol Linhas Aereas Inteligentes SA (GOLL4 BS) sank 1.9 percent, the most since Aug. 1, to 18.55 reais. Brazil's second- biggest airline said it will suspend dividend payments for the rest of 2008 to offset the impact of higher fuel costs. The board approved the measure at a meeting yesterday, Sao Paulo- based Gol said in a statement to Brazil's stock regulator today.

LLX Logistica SA (LLXL3 BS) rose the most since it started trading on Bovespa's so-called New Market, adding 7.6 percent to 3.69 reais. The transportation company controlled by Brazilian billionaire Eike Batista's EBX Group was rated ``buy'' in new coverage by UBS AG analyst Rodrigo Goes, who set a 12-month share-price forecast of 10.40 reais for the stock.

Uniao de Bancos Brasileiros SA (UBBR11 BS) slid for the first time in three days, dropping 0.9 percent to 20.90 reais. Brazil's third-largest non-state bank by assets said profit fell 10 percent because of shrinking fee revenue and a one-time gain that inflated last year's profit. Second-quarter net income was 756 million reais ($480 million), or 27 centavos a share, compared with 841 million reais, or 30 centavos a share, a year earlier.

To contact the reporter on this story: Fabio Alves in New York at falves3@bloomberg.net