By Hugh Collins
Feb. 23 (Bloomberg) -- The following companies may have unusual price changes today in Latin American trading. Stock symbols are in parentheses and share prices reflect the previous close.
The MSCI Latin America Index fell 4.8 percent to 1,980.12 on Feb. 20, extending the weekly loss to 10.6 percent. In Brazil, preferred shares usually are the most-traded class of stock.
Markets in Brazil will be closed today and tomorrow for the Carnival holiday, and will open two hours late on Feb. 25.
Argentina
Socotherm Americas SA (STHE AR): Shareholders of the Argentine oil and gas pipe-coasting company approved a plan to restructure 77.5 million pesos ($21.9 million) worth of debt. Italian parent company Socotherm SpA will have 10 days to approve the debt plan, Socotherm Americas said in a filing with the Buenos Aires Stock Exchange. Socotherm Americas fell 3.2 percent to 4.55 pesos.
Colombia
Enka de Colombia SA (ENKA CB): The Medellin-based synthetic fiber exporter had its share price estimate cut to 8.11 pesos from last year’s forecast of 12.20 pesos at Interbolsa SA, which cited “problems” in the Peruvian and Chilean fish industries and growing competition from Asia. Enka rose 2.4 percent to 7.4 pesos.
Peru
Cia. de Minas Buenaventura SA (BVN PE): The world’s seventh- largest gold producer agreed to buy a 20 percent stake in Inversiones Colquijirca, the holding company that owns 51 percent of Soc. Minera El Brocal SA (SMBC PE). Buenaventura will pay Teck Cominco Metals Ltd. $35 million for the shareholding, it wrote in a Feb. 20 e-mailed statement. Buenaventura gained 3.2 percent to $21.87. El Brocal, Peru’s third-largest lead producer, rose 5.6 percent to 14.25 soles.
Mexico
Bolsa Mexicana de Valores SAB (BOLSAA MM): The operator of Mexico’s stock exchange has held talks about various “opportunities,” and will keep discussing possible investments, divestments, joint ventures or other agreements with foreign and domestic companies, Bolsa Mexicana said in an e-mailed statement. Bolsa Mexicana rose 1.1 percent to 9.53 pesos.
To contact the reporter on this story: Hugh Collins in Mexico City at Hcollins8@bloomberg.net
Posts
No comments:
Post a Comment