Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.800

-3.1%

Dec 2 3:59 PM EST

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To: Steve Fancy who wrote (1054)	2/17/1998 8:00:00 PM
From: Glenn D. Rudolph	of 22640

ADR REPORT - Telebras up in active trade Reuters Story - February 17, 1998 19:35 %AUT %DE %BUS %US %ELC %SE %BNK %LATAM %BR %TEL %ADRS/ TBR TEL.SA %DPR %STX %HOT %MRG %LDC %EMRG %ADR/ UBB.SA UBB LMEb.ST ERICY NOKSa.HE NOKa DAIG.F DAI VOLVY VOLVb.ST V%REUTER P%RTR NEW YORK, Feb 17 (Reuters) - Brazilian telephone holding company Telebras SA rose Tuesday to stand out among American Depositary Receipts (ADRs) and foreign shares. Traders said there was little news moving ADRs, but the market was underpinned by steadier Asia exchanges overnight. Telebras was up 1-3/4 to 122 and was among the most-active shares on the New York Stock Exchange. Telebras, a bellwether among Latin American shares, faces options expiration Wednesday. Traders said Telebras and other Brazilian shares had been boosted recently by investors shifting funds out of Mexico into other Latin American markets. Among other Brazilian ADRs, Unibanco was up 15/16 to 34-15/16. Swedish telecom equipment company Telefon AB L.M. Ericsson rose 1-4/16 to 43-7/16. Finnish telecom equipment company Nokia Group was up 4-1/8 to 95-1/8, continuing to climb from strong earnings last week. German auto maker Daimler-Benz was up 2-5/16 to 74-3/16. Swedish auto maker Volvo was up 1-7/8 to 28-3/4 ahead of the release of its 1997 results. ADRs allow U.S. trade of foreign shares. ((-- Wall Street desk, (212) 859-1879))

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