Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.435

+8.7%

Jan 2 9:30 AM EST

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To: Steve Fancy who wrote (641)	1/5/1998 6:08:00 PM
From: Steve Fancy	of 22640

Brazil shrs end up, Banespa boosts volume SAO PAULO, Jan 5 (Reuters) - Brazilian stocks ended firm Monday in healthy volume, swollen by dealings in Sao Paulo state bank Banespa (BES_p.SA), brokers said. The market traded in negative territory mid-session, weighed down by Wall Street, but broke stride with the Dow Jones Industrials at the end, traders said. Among top blue-chips, preferred shares of Telebras (TEL_p.SA) closed up 0.84 percent at 131.60 reais. <snip> Analysts expect the bolsa to rise again Tuesday on optimism that investors will build positions in Brazilian stocks as they start reshuffling their portfolios for the year. biz.yahoo.com

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