Brazilian Shares Rise, Led by Rossi Residencial; Real Weakens Slightly
20 December 2014 - 8:17AM
Dow Jones News
Jeffrey T. Lewis
RIO DE JANEIRO--Brazilian shares rose Friday, led by real estate
developer Rossi Residencial and iron miner Vale, and the real
weakened slight against the dollar.
The benchmark Ibovespa stocks index rose 2.4% to 49650 points.
The real exited active trading at 2.6610 to the dollar, according
to Tullett Prebon via FactSet, after closing at 2.6555 on
Thursday.
Rossi shares had the biggest gain in the index on Friday, rising
9.6% to 2.39 reais, followed by Vale, which rose 8.2% to 18.78
reais. Shares of state-controlled oil company Petrobras advanced
3.9% to 9.83.
Transport company Cosan Logistica had the biggest decline in the
index, giving up 3.5% to 2.75 reais.
Write to Jeffrey T. Lewis at jeffrey.lewis@wsj.com
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