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Strategies & Market Trends : Telebras (TBH) & Brazil -- Ignore unavailable to you. Want to Upgrade?

To: Steve Fancy who wrote (1162)	3/10/1998 2:30:00 PM
From: Mayer Tchelebon	Read Replies (2) \| Respond to of 22640

The full 1997 financial report is available for download from the Telebras web site. Reading through page 25 of the 32-page report I found that the "proposed" dividend for 1997 is the same as 1996 (1.878 Reals). Please correct me if I misunderstood. Thanks

To: Steve Fancy who wrote (1162)	3/10/1998 4:51:00 PM
From: Steve Fancy	Respond to of 22640

Tuesday March 10, 4:18 pm Eastern Time Brazil shares end modestly up in low liquidity SAO PAULO, March 10 (Reuters) - Brazilian stocks ended modestly higher Tuesday on slightly lower-than-usual volume as investors took a cautious approach to stocks amid little fresh market-moving news, brokers said. ''The market was slow today. It lacked fresh news,'' said a senior trader. The Sao Paulo bolsa's Bovespa index (.BVSP) of the 51 most traded stocks closed up 0.12 percent at 11,181 points. Market volume was 588.8 million reais ($521 million). Analysts said share prices failed to move much higher as positive factors, including bright prospects for the re-election of President Fernando Henrique Cardoso had already been factored in. Among leading Brazilian blue chips, bellwether Telebras preferred (TEL_p.SA) fell 0.21 percent, ending at 143.50 reais. State-owned oil giant Petrobras preferred (PET_p.SA) gained 3.09 percent, ending at 267 reais. Federal power holding Eletrobras preferred (ELE_pb.SA) lost 0.18 percent, closing at 54.90 reais. Privatized miner Cia Vale do Rio Doce (VAL_p.SA) preferred rose 1.15 percent to end at 25.49 reais ahead of the company's announcement of its 1997 financial results slated for later Tuesday, traders said.