By Hugh Collins
April 2 (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 rose 2.5 percent to 2,226.21 yesterday. In Brazil, preferred shares usually are the most- traded class of stock.
Markets in Argentina are closed today for a holiday.
Brazil
Cia. Energetica de Minas Gerais (CMIG4 BS): Shareholders of Brazil’s largest combined power generator and distributor will vote April 29 on a plan to distribute one new share for every four held by investors. Cemig rose 3.4 percent to 35.67 reais.
Usinas Siderurgicas de Minas Gerais SA (USIM5 BS) and Cia. Siderurgica Nacional SA (CSNA3 BS): Brazilian auto sales jumped 17 percent in March, the first increase in six months, said a person with knowledge of the sales figures. Usiminas, the biggest provider of steel to Brazil’s auto industry, rose 1.7 percent to 29.99 reais. CSN, the second-biggest, rose 3.2 percent to 35.50 reais.
Chile
Cencosud SA (CENCOSUD CC): Chile’s biggest retailer said it bought the shares it didn’t already own of Colombian home- improvement store Colombiana Easy SA, acquiring Casino Guichard- Perrachon SA’s 30 percent stake in the venture. Cencosud rose 1 percent to 975 pesos.
Colombia
Cementos Argos SA (CEMARGOS CB): Colombia’s biggest cement maker completed the sale of coal mines and railroad rights to Cia. Vale do Rio Doce. Vale had agreed to pay as much as $373 million for the assets when the acquisition was announced in December. Cementos rose 0.9 percent to 6,480 pesos.
Mexico
Alfa SAB (ALFAA MM): The world’s largest maker of aluminum engine heads and blocks said the company’s automobile parts unit had “much better” results in March. Alfa fell 1.5 percent to 21.62 pesos.
To contact the reporter on this story: Hugh Collins in Mexico City at Hcollins8@bloomberg.net
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