Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.945

-1.1%

Nov 26 3:59 PM EST

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To: Oracle who wrote (6282)	8/4/1998 12:14:00 PM
From: Steve Fancy	Read Replies (1) of 22640

Brazil's Bovespa drops 3.0 pct on Wall St slide Reuters, Tuesday, August 04, 1998 at 12:06 SAO PAULO, Aug 4 (Reuters) - Sao Paulo stock exchange's key Bovespa (INDEX:$BVSP.X) index dropped 3.0 percent to 10,095 points in midday trade as share prices accompanied a slide in the Dow Jones index, brokers said. "The market opened strongly, but was taken by panic after prices fell in New York," one local trader said. Telecom shares led decliners, with Telesp's preferred (SAO:TLSP4) plunging 5.71 percent at 264 reais. Preferred shares in Telebras (SAO:TELB4) tumbled 3.31 percent at 131.50 reais, while Telerj (SAO:TERJ4) fell 3.14 percent to 77 reais. newsroom@reuters.com)) Copyright 1998, Reuters News Service

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