Monday, June 4, 2007

Bovespa Falls From Record in Brazil, Led by Banks; Penoles Gains on Bolsa

(Bloomberg) -- Brazil's stock index fell for the second
time in three days, led by bank Banco Bradesco SA, as investors
sold shares to take advantage of gains after the market rose to a
record last week.

The Bovespa Index of the most-traded stocks on the Sao Paulo
exchange fell 269.43, or 0.5 percent, to 53,153.24 after jumping
2.2 percent Friday. The Bolsa index gained 10.66, or less than 0.2
percent, to 31,957.06 after setting a record June 1.


Read more at Bloomberg Stocks News

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