Ney Hayashi – Bloomberg, 7/22/2014
Most Brazilian stocks climbed as higher commodity prices buoyed raw-material producers including mining company Vale SA.
The gauge for material stocks on the MSCI Brazil Index gained the most in a week. Trucking company JSL SA rose after saying gross sales increased 20 percent in the second quarter from a year earlier. Petroleo Brasileiro SA, the state-run oil company, fell amid speculation that a nine-session rally may have been excessive.
The Ibovespa was little changed at 57,644.02 at 12:05 p.m. in Sao Paulo, with 46 of its 70 stocks higher. The index rose 3.6 percent in the previous two sessions after a voter poll showed reduced support for President Dilma Rousseff’s bid for re-election amid a stalled economy.
