By Paulo Winterstein and James Attwood
March 3 (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 slumped 6.9 percent to 1,827.77 yesterday. In Brazil, preferred shares usually are the most- traded class of stock.
Brazil
Tim Participacoes SA (TCSL4 BS): Docas Investimentos SA denied a report it sold Intelig Telecomunicacoes Ltda to Tim, while confirming the company is holding negotiations with Tim. Tim fell 3.3 percent to 3.25 reais.
Usinas Siderurgicas de Minas Gerais SA (USIM5 BS): Brazil’s second-biggest steelmaker is reassessing the timetable for its iron-ore investments “in view of new tendencies in the market,” spokesman Leonardo Steffano said yesterday in an e-mail. Usiminas fell 5.5 percent to 24.50 reais.
Colombia
Ecopetrol SA (ECOPETL CB): Colombia’s state-controlled oil company was kept at “sell” at brokerage Interbolsa, which questioned the company’s decision to raise dividends at a time of declining oil prices and “huge” expansion plans. Ecopetrol fell 2.6 percent to 2,050 pesos.
Textiles Fabricato Tejicondor SA (FABRI CB): The textiles company was reiterated “buy” at Interbolsa SA, which said the stock may rise to 29.27 pesos. Fabricato slid 2.2 percent to 26.5 pesos.
To contact the reporter on this story: Paulo Winterstein in Sao Paulo at pwinterstein@bloomberg.net
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