By Hugh Collins
March 31 (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 dropped 5.2 percent to 2,131.77. In Brazil, preferred shares usually are the most- traded class of stock.
Brazil
Cia. Siderurgica Nacional SA (CSNA3 BS): Brazil’s third- biggest steelmaker said it’s “revising” new steel projects that have a “longer payback” because of the economic slump. The projects aren’t being canceled, CSN Chief Financial Officer Otavio Lazcano told analysts yesterday on a conference call. CSN fell 2.8 percent to 33.51 reais.
Minerva SA (BEEF3 BS): Brazil’s third-largest exporter of fresh beef had its local currency issuer default rating placed on rating watch negative by Fitch Ratings. Minerva was unchanged at 1.67 reais.
Chile
Banco de Chile (CHILE CC): The country’s second-biggest lender was reiterated “buy” at Celfin Capital after regulators released data showing a 14 percent increase in the bank’s loans in February from a year earlier. Banco de Chile fell 1.1 percent to 34.01 pesos.
Mexico
Controladora Comercial Mexicana SAB (COMERUBC MM): The Mexican retailer that defaulted on debts in October posted a net loss of 4.3 billion pesos ($301 million) in the fourth quarter. The company had sales of 14.4 billion pesos. Comercial Mexicana fell 0.7 percent to 4.01 pesos.
To contact the reporter on this story: Hugh Collins in Mexico City at Hcollins8@bloomberg.net
Posts
No comments:
Post a Comment