Friday, May 25, 2007

Bovespa Rises, Led by Vale, After Brazil Selloff Leaves Prices Attractive

(Bloomberg) -- Brazil's main stock index rose for the
first time in four days after shares price declines alleviated
concern that stocks had become too expensive.

The Bovespa Index of the most-traded stocks on the Sao Paulo
exchange climbed 808.74, or 1.6 percent, to 51,339.39, led by
mining company Cia. Vale do Rio Doce. The index fell 3.6 percent in
the previous three sessions and is heading for its first weekly
decline in a month.


Read more at Bloomberg Stocks News

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