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To: accountclosed who wrote (13906)	12/28/1998 4:37:00 PM
From: MythMan	Read Replies (1) of 86076

I don't care about this either... >>Monday December 28, 4:04 pm Eastern Time (Note: this article is ''in progress''; there will likely be an update soon.) Brazil shares end off 3.9 pct amid light trading SAO PAULO, Dec 28 (Reuters) - Brazilian shares closed down 3.9 percent on Monday in light trade after some foreign investors dumped the equities amid pessimism over the country's economic outlook, traders said. ''The market has absolutely no liquidity,'' a trader at a local brokerage said. There were some ''sales by foreign funds worried about the scenario for the Brazilian economy next year,'' he added. Sao Paulo's key Bovespa index ended down at 6899 points, led by a 5.6 percent decline in Telebras preferred receipts , the market benchmark, which closed down at 92.50 reais. Trading volume was lower than average at 236 million reais, compared with average daily trading of more than 400 million at the beginning of the month. Losses deepened in late trading on expectations that Brazil would post a significant net outflow of dollars Monday, traders added. As of 1700 local/1900 GMT, a net $343 million had left Brazil through foreign exchange markets and traders expected the total loss to reach $500 million. Petrobras preferred also closed sharply down 5.1 percent at 139.50 reais.<<

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