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Name | Symbol | Market | Type |
---|---|---|---|
Petroleo Brasileiro ADR | NYSE:PBR | NYSE | Depository Receipt |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.12 | 0.71% | 17.06 | 2,478 | 10:18:34 |
International stocks trading in New York closed lower on Monday. The BNY Mellon index of American depositary receipts fell 0.52% to 146. The European index edged down 0.03% to 144.53, the Asian index dropped 0.87% to 145.76, the Latin American index fell 3.49% to 252.43 and the emerging markets index declined 2.67% to 277.65. Among the companies with shares that actively traded were Petroleo Brasileiro SA (PBR, PETR3.BR, PETR4.BR) and Vale SA (VALE, VALE3.BR, VALE5.BR, VALE5.FR).
Brazilian stocks on Monday suffered their biggest single-day drop since late September as investors fretted about the hurdles local policymakers will face in setting public finances straight amid a stagnant economy. Among decliners, state-controlled energy firm shares of Petroleo Brasileiro SA (PBR, PETR3.BR, PETR4.BR), or Petrobras, fell 6.2% to $9.12; miner Vale SA (VALE, VALE3.BR, VALE5.BR, VALE5.FR) shares declined 3.1% to $8.73; Banco Bradesco SA (BBD, BBDO, BBDC4.BR) shares dropped 3.3% to $14.48; and Centrais Eletricas Brasileiras SA (EBR, ELET6.BR) decreased 7.1% to $2.22.
Cemex SAB (CX, CEMEX.MX) plans to revive a stalled expansion at its Tepeaca plant in central Puebla state in Mexico, and will spend an additional $200 million on top of the $450 million the cement giant had already invested in the facility ahead of the 2008 crisis. Cemex said it was encouraged by the positive outlook for the industry in Mexico. The expansion will increase Tepeaca annual cement capacity by 4.4 million tons to 7.6 million by 2017. Cemex shares fell 3.1% to $12.12.
Write to Tess Stynes at tess.stynes@wsj.com
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1 Year Petroleo Brasileiro ADR Chart |
1 Month Petroleo Brasileiro ADR Chart |
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