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

To: Steve Fancy who wrote (1762)	4/17/1998 5:58:00 PM
From: Steve Fancy	Respond to of 22640

TBR index weighting has been reduced slightly. See story below...anyone, where does this take us? It's my understanding this was one of the big concerns of the last two days. Although I remember this issue coming up in the past, guess it didn't sink in that it is revised every four months. sf ============================== S.Paulo bolsa gives preliminary view of new index Reuters, Friday, April 17, 1998 at 17:35 SAO PAULO, April 17 (Reuters) - The Sao Paulo Stock Exchange (Bovespa) on Friday announced a preliminary Bovespa index which is expected to come into to effect on May 4. The new index, which will be valid between May and August, is not expected to include common shares in Belgo Mineira (SAO:BEL) and preferred shares in Electrolux (SAO:REP_.P), the Bovespa said in a statement. The Bovespa revises its index every four months based on the stock liquidity reported in the preceding period. The weighting for preferred shares in benchmark Telebras (SAO:TEL_.P) is expected to be 38.968 percent in the new preliminary index, down from 40.34 percent in the current index running through April, the exchange said. Meanwhile, preferred shares in federal oil firm Petrobras (SAO:PET_.P) will be weighted at 8.099 percent, up from 7.711 percent, while preferred shares in Telesp (SAO:TLS_.P) will be 5.227 percent, up from 3.796 percent, it said. Preferred B shares in Eletrobras (SAO:ELE_P.B) will be weighted at 4.822 percent, down from a current 4.96 percent, it said. A finalized version of the new index will be released later this month, Bovespa said. noriko.yamaguchi@reuters.com)) Copyright 1998, Reuters News Service