By [bn:PRSN=1] William Freebairn [] and James Attwood
Nov. 11 (Bloomberg) -- The following companies may have unusual price changes today in Latin America trading. Stock symbols are in parentheses, and share prices are from the previous close. Preferred shares are usually the most-traded class of stock in Brazil.
The MSCI Latin America Index rose 1.9 percent yesterday to 2,179.7.
Brazil
Vicunha Textil SA (VINE5 BS): The Brazilian textile manufacturer said it lost 70 million reais ($32 million) from foreign-currency derivatives operations. Vicunha said yesterday it had foreign-currency operations with Banco Citibank SA, Banco Itau BBA SA, Banco UBS Pactual, Barclays Plc and Merrill Lynch & Co. Vicunha fell 11 percent to 8 reais when it last traded Nov. 6.
Colombia
Almacenes Exito SA (EXITO CB): The biggest retailer included in Colombia's main stock index had its price estimate lowered at Interbolsa SA, which cited a slowdown in new store openings. Exito may rise to 12,942 pesos by the end of next year, the brokerage wrote yesterday. It previously had an end-2008 estimate of 17,340 pesos. Exito was unchanged at 8,100 pesos.
Mexico
Consorcio Ara SAB (ARA* MM): Mexico's fourth-largest homebuilder received authorization from state regulators to go forward with its Citara project in Huehuetoca, Mexico, it said yesterday. The project, which will be Ara's largest, comprises 26,000 homes in a 4.3 million square-meter (1,063-acre) area, with a first stage of 2,490 homes. Ara rose 0.8 percent to 5.08 pesos.
To contact the reporters on this story: William Freebairn in Mexico City at wfreebairn@bloomberg.net; James Attwood in Santiago at jattwood3@bloomberg.net.
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