By William Freebairn and Paulo Winterstein
Dec. 8 (Bloomberg) -- The following companies may have unusual price changes today in Latin America trading. Stock symbols are in parentheses and share prices reflect the previous close.
The MSCI Latin America Index fell 2.6 percent on Dec. 5 to 1,780.62. Markets in Argentina, Chile, Colombia and Peru are closed for a holiday today.
Brazil
Positivo Informatica SA (POSI3 BS): Brazil’s largest computer maker said it increased its market share by 1.6 percentage points in the third quarter to 13.2 percent. Positivo fell 3.1 percent to 4.75 reais.
Sadia SA (SDIA4 BS) and Perdigao SA (PRGA3 BS): Itajai port in the southern Brazilian state of Santa Catarina has resumed operations, the country’s Navy said. Fator Corretora analyst Renato Prado said last month that the closure of the port, where operations were halted Nov. 21, would force Perdigao, Brazil’s biggest food company, to redirect half of its fourth-quarter exports, increasing costs. Sadia, the second- biggest food company, would have to reroute 30 percent of projected exports. Perdigao rose 4.8 percent to 35.01 reais, while Sadia rose 1.5 percent to 3.30 reais.
Mexico
Controladora Comercial Mexicana SAB (COMERUBC MM): The third-largest Mexican supermarket operator said a court rejected its appeal of a decision that blocked it from entering bankruptcy. The company said it hasn’t hired advisers and isn’t planning to sell subsidiaries. Comercial Mexicana fell 3 percent to 2.90 pesos.
Desarrolladora Homex SAB (HOMEX* MM): Moody’s Investors Service lowered the outlook for the credit rating of Mexico’s biggest homebuilder to stable from positive. Homex may grow less than previously forecast as Mexico’s economy slows and mortgage financing becomes tighter, Moody’s said in a report Dec. 5. Homex rose 5.5 percent to 42.88 pesos.
To contact the reporters on this story: William Freebairn in Mexico City at wfreebairn@bloomberg.net; Paulo Winterstein in Sao Paulo at pwinterstein@bloomberg.net
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