Wednesday, June 20, 2007

Brazil Stocks Fall, Led by Petrobras, on Strike Concern; Televisa Declines

(Bloomberg) -- Brazil's main stock index fell for a
second day on investor concern that a possible strike at state-
controlled oil company Petroleo Brasileiro SA will hurt output.

The Bovespa Index of the most-traded stocks on the Sao Paulo
exchange fell 614.48, or 1.1 percent, to 54,029.24. Petrobras,
whose shares account for about one-sixth of the index, fell 85
centavos, or 1.7 percent, to 50.79 reais, declining for the first
time in nine days.


Read more at Bloomberg Stocks News

No comments: