Ney Hayashi – Bloomberg BusinessWeek, 05/24/2012
Most Brazilian stocks fell as consumer companies slid on concern a deeper global slowdown will curb growth in Latin America’s biggest economy, outweighing gains by raw-material producers.
Consumer-goods maker Hypermarcas SA led declines by companies that sell in the local market. Mining company Vale SA, the heaviest-weighted stock on the benchmark Bovespa (IBOV) index, followed metals higher.
The Bovespa was little changed at 54,629 at 10:16 a.m. in Sao Paulo. Forty-three stocks dropped on the gauge while 22 advanced. The real weakened 0.2 percent to 2.0356 per U.S. dollar.
