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

To: Steve Fancy who wrote (8849)	10/5/1998 10:59:00 PM
From: Steve Fancy	Respond to of 22640

World Bank management backs emergency loan plan Reuters, Monday, October 05, 1998 at 21:49 By Adam Entous WASHINGTON, Oct 5 (Reuters) - The World Bank said on Monday its management had agreed to set up a new short-term emergency loan facility to rush cash to countries hit by fast-moving financial crises. The new facility, which must still be approved by the bank's board, would offer crisis-hit countries in Latin America and elsewhere "emergency structural adjustment" loans (ESALs) at higher interest rates than existing World Bank credits. The plan, part of the international community's response to a deepening financial crisis spreading from emerging markets to the industrialized world, would also disburse money to countries more quickly and under shorter repayment terms. World Bank officials would not be specific about which countries could benefit from the loans or how much money might be made available, but the new facility could be in place in time to help Latin American economies battered by contagion. The World Bank and the International Monetary Fund have been under pressure from the United States and other Western powers to find new ways to rush money to countries caught up in the current financial crisis, which started in Asia last year and then spread to Russia. Now Brazil and other Latin American economies are on the brink. In a statement issued on Saturday, Group of Seven finance ministers and central bank governors called on the World Bank to "develop a new emergency capacity with a particular focus on support for the vulnerable groups in society and for financial sector restructuring." Bank management had initially resisted calls for the new facility because they feared it could diminish their role as a development agency concentrating on reducing poverty. The World Bank and the IMF have doled out record amounts of money over the last year to crisis-hit Asia and Russia, putting unprecedented strain on their financial resources. The World Bank already offers structural adjustment loans to support broad economic policy reform -- typically the IMF's domain. Because of the crisis in Asia, structural adjustment lending rose to $8.29 billion in fiscal year 1998, from $1.30 billion in 1997 and $350 million in 1996. At first World Bank officials said that, if countries insisted on creating a new emergency facility like ESAL, the lending agency would need a cash injection from member states, an unpopular option especially for Washington. Republicans in the U.S. House of Representatives have been holding $18 billion for the IMF hostage for months, and might do the same if the U.S. administration asked them to give more cash to the World Bank. "We are not a lender of last resort or a liquidity funder. We don't make loans for short-term," World Bank President James Wolfensohn told a news conference last week. But the bank said on Monday management had agreed to support the emergency ESAL facility, provided there were strict limits on lending volumes to make sure longer-term World Bank loan programs were not affected. "There was a limit to the extent to which we could provide liquidity," Wolfensohn told a news conference. "I think it's a significant amount, but it's not an amount which will instantly cause to either review our conservative approach or to seek instant capital. But I have drawn the line in terms of what the bank should be doing." Wolfensohn said "rather expensive" five-year ESAL loans would have to be repaid within three years. "If one of our clients has an immediate problem...to a modest degree we can give some additional help," he said. "What I don't want to do is to encourage it so I have put a very high rate on it, much to the distress of some of our clients." Copyright 1998, Reuters News Service

To: Steve Fancy who wrote (8849)	10/5/1998 11:03:00 PM
From: Steve Fancy	Respond to of 22640

WRAP: Brazil Aid Talks Take On New Urgency Post-Elections By THOMAS CATAN Dow Jones Newswires NEW YORK -- With ballot returns showing Brazilian President Fernando Henrique Cardoso re-elected, talks with multilateral lenders about an aid package are taking on a new sense of urgency. With 61% of the ballots counted, Cardoso had 51% of the vote, giving him the majority needed to avert a runoff with his closest rival, Luiz Inacio Lula da Silva. Even as the ballots were being counted Monday, officials meeting in Washington for the annual meeting of the International Monetary Fund were making broad hints that the announcement of a package could be imminent, perhaps even within the coming week. Deutsche Bundesbank President Hans Tietmeyer said Monday that a resolution to ongoing talks could be expected "soon." French Finance Minister Dominique Strauss-Kahn went further, predicting that the issue of aid to Brazil would be "resolved correctly in the coming days." Both parties in the negotiations have now confirmed that they are engaged in talks over a package of aid to help Brazil ride out the current market turmoil. However, Brazilian officials have yet to formally request help, mindful of the adverse electoral impact any such move would have. On Sunday, IMF Managing Director Michel Camdessus stepped up the pressure on Brazil to move the process forward. "It is certainly in the interest of Brazil to confirm rapidly its views and allow the international community to finalize its own commitment," said Camdessus. He added that such a formal request "could be done soon." On Monday, Brazilian Central Bank President Gustavo Franco confirmed his government is engaged in talks with the IMF, though he said it was too early to talk about any details. Rumors about the size of the possible package have swirled around markets in recent weeks, with wildly diverging figures bandied about. In recent days, however, investors have been increasingly settled on the expectation that an aid package would total around $30 billion. If an aid package is announced in the coming days or weeks, it's likely to be different from the IMF's traditional programs. Usually, the fund enters into protracted negotiations before announcing an aid package, setting stringent quarterly targets for troubled nations to meet in exchange for help. In this case, it's unclear what conditions have been discussed. Because of the urgency of efforts to stem the outflow of dollars from Brazil, IMF officials appear disposed to alter the normal process. Brazil's central bank head also suggested that the IMF aid process would not take its traditional route. "We are dealing with new territory," Franco said Monday. "This is a different kind of package." -By Thomas Catan; 201-938-2225; thomas.catan@cor.dowjones.com

To: Steve Fancy who wrote (8849)	10/5/1998 11:07:00 PM
From: Steve Fancy	Respond to of 22640

WRAP: Brazil's Election Solves Little For Markets By MARY MILLIKEN Dow Jones Newswires SAO PAULO -- Brazil's financial markets were steeped in misgivings the day after President Fernando Henrique Cardoso's likely re-election Sunday, fearing that his radical moves to boost confidence in the economy may be delayed for a few more weeks. For the last month, market watchers and trading partners held their breath, hoping that Cardoso's government could make it to elections without devaluing or defaulting. And now they are finding that although Cardoso has practically clinched his second term, the elections aren't over. "Cardoso has won in the first round, but the market is thinking that all the measures we are waiting for will only take place after the second round," said Fabio Lara, director at Schahin Cury brokerage in Sao Paulo. With 61% of the voting stations reporting, Cardoso has 51% of the valid votes to leftist candidate's Luiz Inacio Lula da Silva 34%. Final results won't be ready until Friday, but few are worried that Cardoso will slip below the 50% mark he needs to carry the first round. Lara said that the Cardoso government doesn't want to announce anything detrimental - like tax increases - to its allied candidates in the state governments until they are through the second round of voting on Oct. 25. "It's going to be a period of total stagnation in the country," Lara predicted. The Sao Paulo Stock Exchange was a faithful reflection of those fears of an impasse. The Bovespa Index lost 4.5% to finish at 6122, but that didn't seem to be surprising with most world markets sluggish. The troubling aspect of Monday's trade was the volume, a mere 193 million reals (BRR) ($1=BRR1.18), the lowest of the year. The importance of the states in limbo can't be ignored. Cardoso's Sao Paulo candidate, the incumbent Mario Covas, may still make it to the second round. And in the wealthy state of Minas Gerais, Cardoso protege Eduardo Azeredo is set to square off for his second term as governor. Chip Brown, chief Latin American economist for Salomon Smith Barney in New York, agreed that the next few weeks could be void of substance on the fiscal package that is meant to restore confidence among Brazil's investors. "I hope the market doesn't expect too much immediately," he said, adding that the best markets can hope for in the short term is broad sketches of a fiscal plan. Brown predicted that the government will be forced, however, to make some kind of declaration on its intentions before the second round. "Given the market dynamics, the clock is ticking too loudly to not announce something," he said. What is reportedly on the drawing board is a fiscal package that will generate BRR20-25 billion in savings in 1999 and cut the deficit to less than 5% of gross domestic product from over 7.5% currently. It should encompass tax increases, cuts in current and capital spending and more whittling away of civil servant privileges. For Lara, the only development that could force the government to move up its plans would be a further loss in reserves, now at $47 billion, down from $70 billion two months ago. But the prevailing sentiment in the markets is that the worst is over in terms of the foreign capital exodus. "Most people who were going to take money out of the market have already done it," said one foreign exchange dealer in Rio. "People who still have money here aren't going to do anything until the election results and the measures are completed." -By Mary Milliken; (55-11) 813-1988; mmilliken@ap.org (Stephen Wisnefski contributed to this article.)

To: Steve Fancy who wrote (8849)	10/5/1998 11:12:00 PM
From: Steve Fancy	Respond to of 22640

Brazil Malan:Intl Community Recovery Efforts Disappointing Dow Jones Newswires WASHINGTON -- Brazilian Finance Minister Pedro Malan Monday acknowledged the "prompt reaction" of the World Bank to the Asian financial crisis but expressed disappointment in the international community's efforts to prevent contagion. Speaking to the joint Development Committee of the International Monetary Fund and the World Bank, Malan said, "...I cannot avoid noting that the effectiveness of the efforts made by international community, in terms of rapid recovery of economic growth and prevention of contagion, has been disappointing." The finance minister said that while some developing countries have successfully pursued a "path of sound macro-economic management and structural reform," they must still strive to improve their fiscal positions, strengthen financial sectors, increase competitiveness and reopen private capital flows. Defensive currency depreciation, controls of capital outflows and debt moratoriums have been solidly rejected by Latin America's developing nations, he said. "Latin American countries had a traumatic experience in the 1980s of how damaging these unilateral solutions are in the medium and longer term and are determined and confident that the continent will not be pushed into this position again," Malan said. Malan continued: "...It is also extremely important that developed countries recognize all problems created by the absence of an international lender of last resort in a globally integrated world." He acknowledged that international lending to prevent crisis can potentially create a moral hazard, but said the international community "must be able to strike a balance between these two considerations." The Brazilian finance minister said committee-member governments should be concerned with both stability and growth, but added: "The quest for growth should not undermine stability, but neither should the quest for stability hinder the prospects of long term development." Malan expressed particular interest in the issue of "creation of new lending instruments that combine shorter processing, higher price, greater reliance on past performance of potential borrowers and fewer conditionalities."

To: Steve Fancy who wrote (8849)	10/5/1998 11:41:00 PM
From: Steve Fancy	Read Replies (2) \| Respond to of 22640

Closing figures for the Baby Bras Preferred shares on the Bovespa for: 10/05/1998 ******* The 12 Baby Bra preferred shares should add up to the US ADR closing price Company Type Symbol OPEN HIGH LOW CLOSE CHG TRADES $ VOLUME ======= ==== ====== ===== ===== ===== ===== ===== ====== ============ EMBRATEL PAR PN * EBTP4 12.50 13.00 12.50 13.00 = 0.00% 29 54,800,000 TELE CL SUL PN * TCSL4 1.52 1.60 1.52 1.60 - 2.43% 11 22,800,000 TELE CTR OES PN * TCOC4 0.79 0.81 0.79 0.80 - 1.23% 13 133,900,000 TELE CTR SUL PN * TCSP4 12.50 12.50 12.29 12.30 - 5.38% 16 23,300,000 TELE LEST CL PN * TLCP4 0.41 0.45 0.41 0.42 - 6.66% 12 375,900,000 TELE NORD CL PN * TNEP4 0.62 0.66 0.62 0.64 - 3.03% 15 296,700,000 TELE NORT CL PN * TNCP4 0.29 0.33 0.29 0.30 - 3.22% 34 553,800,000 TELE NORT LE PN * TNLP4 12.02 12.30 12.02 12.21 - 5.71% 5 8,100,000 TELE SUDESTE PN * TSEP4 3.00 3.14 2.90 3.14 + 2.95% 12 22,800,000 TELEMIG PART PN * TMCP4 0.79 0.81 0.77 0.79 - 3.65% 16 285,900,000 TELESP CL PA PN * TSPP4 7.30 7.40 7.30 7.40 - 7.50% 5 11,000,000 TELESP PART PN * TLPP4 26.00 27.00 25.50 27.00 + 5.88% 35 75,100,000 ------ R$ 79.60 R$ 79.60 / 1.1852 = US$ 67.16 Closing figures for the Baby Bras Common shares on the Bovespa for: 10/05/1998 These shares trade only in Brazil (Control or Voting shares), will not match up to US ADR Company Type Symbol OPEN HIGH LOW CLOSE CHG TRADES $ VOLUME ======= ==== ====== ===== ===== ===== ===== ===== ====== ============ EMBRATEL PAR ON * EBTP3 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELE CL SUL ON * TCSL3 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELE CTR OES ON * TCOC3 0.62 0.62 0.60 0.60 - 6.25% 5 88,000,000 TELE LEST CL ON * TLCP3 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELE NORD CL ON * TNEP3 0.48 0.48 0.47 0.47 -11.32% 5 28,800,000 TELE NORT CL ON * TNCP3 0.24 0.24 0.23 0.23 -11.53% 4 34,000,000 TELE NORT LE ON * TNLP3 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELE SUDESTE ON * TSEP3 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEMIG PART ON * TMCP3 0.57 0.57 0.57 0.57 = 0.00% 7 200,000,000 TELESP CL PA ON * TSPP3 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELESP PART ON * TLPP3 15.00 15.00 14.50 15.00 - 6.25% 4 5,000,000 Closing figures for Telebras receipts on the Bovespa for: 10/05/1998 These symbols are kind of the US TBH equivalent without the crazy premium. I believe the first two are the normal receipts, don't know about rest...anyone? Company Type Symbol OPEN HIGH LOW CLOSE CHG TRADES $ VOLUME ======= ==== ====== ===== ===== ===== ===== ===== ====== ============ TELEBR RCTB RON* RCTB30 48.50 48.50 45.50 47.50 - 5.00% 49 40,900,000 TELEBR RCTB RPN* RCTB40 81.00 81.00 77.00 79.50 - 4.10% 619 1,169,600,000 TELEBR RCTB RPN* RCTB40T 79.86 81.49 79.86 81.48 0.00% 10 2,243,942 RCTB RPN* RCTBJ23 0.45 0.45 0.20 0.30 -60.00% 165 489,000,000 RCTB RPN* RCTBJ24 0.25 0.25 0.13 0.18 -52.63% 23 60,000,000 RCTB RPN* RCTBJ25 0.07 0.10 0.07 0.10 -33.33% 5 25,000,000 RCTB RPN* RCTBJ26 0.05 0.05 0.05 0.05 -37.50% 1 1,000,000 RCTB RPN* RCTBJ41 8.50 8.50 4.60 6.10 -37.75% 640 1,283,200,000 RCTB RPN* RCTBJ42 3.50 3.50 1.75 2.35 -52.04% 1745 3,189,000,000 RCTB RPN* RCTBJ43 1.30 1.50 0.60 0.75 -65.11% 952 1,899,500,000 RCTB RPN* RCTBJ52 13.50 13.50 11.00 11.50 -27.21% 13 42,000,000 RCTB RPN* RCTBJ66 19.94 19.94 19.94 19.94 + 8.96% 1 4,000,000 RCTB RPN* RCTBL18 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBR RCTB RON* RCTB30F 47.51 47.51 45.01 46.99 / 0.00% 20 412,204 TELEBR RCTB RPN* RCTB40F 80.00 81.00 77.21 79.10 / 0.00% 35 887,940 Closing figures for other Baby Bra related symbols on the Bovespa for: 10/05/1998 Have no idea what these are...options? Anyone know or want to help figure it out? Company Type Symbol OPEN HIGH LOW CLOSE CHG TRADES $ VOLUME ======= ==== ====== ===== ===== ===== ===== ===== ====== ============ TELEMIG PART PN * TMCP4T 0.85 0.86 0.85 0.86 0.00% 2 5,000,000 EMBRATEL PAR ON * EBTP3F 0.00 0.00 0.00 0.00 / 0.00% 0 0 EMBRATEL PAR PN * EBTP4F 12.10 12.10 12.01 12.01 / 0.00% 2 130,910 TELE CL SUL ON * TCSL3F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELE CL SUL PN * TCSL4F 1.45 1.45 1.45 1.45 / 0.00% 2 87,910 TELE CTR OES ON * TCOC3F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELE CTR OES PN * TCOC4F 0.75 0.75 0.65 0.65 / 0.00% 4 197,601 TELE CTR SUL ON * TCSP3F 6.50 6.50 6.50 6.50 / 0.00% 1 10,000 TELE CTR SUL PN * TCSP4F 11.30 11.30 11.30 11.30 / 0.00% 1 45,000 TELE LEST CL ON * TLCP3F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELE LEST CL PN * TLCP4F 0.39 0.40 0.39 0.40 / 0.00% 4 235,601 TELE NORD CL ON * TNEP3F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELE NORD CL PN * TNEP4F 0.60 0.60 0.60 0.60 / 0.00% 2 173,910 TELE NORT CL ON * TNCP3F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELE NORT CL PN * TNCP4F 0.27 0.30 0.27 0.30 / 0.00% 4 238,601 TELE NORT LE ON * TNLP3F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELE NORT LE PN * TNLP4F 12.01 12.01 12.01 12.01 / 0.00% 3 184,093 TELE SUDESTE ON * TSEP3F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELE SUDESTE PN * TSEP4F 2.80 3.00 2.76 3.00 / 0.00% 5 130,910 TELEMIG PART ON * TMCP3F 0.31 0.31 0.31 0.31 / 0.00% 4 78,596 TELEMIG PART PN * TMCP4F 0.77 0.79 0.72 0.72 / 0.00% 5 215,356 TELESP CL PA ON * TSPP3F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELESP CL PA PN * TSPP4F 7.30 7.30 7.00 7.00 / 0.00% 2 112,910 TELESP PART ON * TLPP3F 14.00 14.00 14.00 14.00 / 0.00% 2 96,000 TELESP PART PN * TLPP4F 25.50 26.50 25.00 26.50 / 0.00% 8 292,820 Closing figures for other Telebras related symbols on the Bovespa: 10/05/1998 These symbols are for the 52 individual companies, no match to anything, provided FWIW. Company Type Symbol OPEN HIGH LOW CLOSE CHG TRADES $ VOLUME ======= ==== ====== ===== ===== ===== ===== ===== ====== ============ TELEBAHIA ON * TEBA3 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBAHIA PNA* TEBA5 18.99 20.50 17.50 20.50 + 5.18% 25 6,430,000 TELEBAHIA CL ON * TBAC3 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBAHIA CL PNB* TBAC6 17.00 19.50 17.00 19.50 = 0.00% 8 1,660,000 TELEBAHIA CL PNC* TBAC7 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBRAS ON * TELB3 0.20 0.20 0.19 0.20 - 4.76% 7 16,100,000 TELEBRAS PN * TELB4 0.32 0.33 0.32 0.33 - 5.71% 4 6,500,000 TELEBRASI CL ON * TBRC3 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBRASI CL PNB* TBRC6 43.01 43.01 43.00 43.00 - 0.02% 2 170,000 TELEBRASILIA ON * TBRS3 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBRASILIA PN * TBRS4 90.98 90.98 90.98 90.98 - 2.16% 1 20,000 TELEMIG ON * TMGR3 23.00 23.00 21.00 21.00 - 4.54% 4 80,000 TELEMIG PNB* TMGR6 37.98 40.00 37.98 40.00 - 4.76% 7 340,000 TELEMIG PND* TMGR8 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEMIG CL PNE* TMGC11 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEMIG CL ON * TMGC3 10.80 11.00 10.80 11.00 - 6.77% 2 60,000 TELEMIG CL PNB* TMGC6 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEMIG CL PNC* TMGC7 11.50 11.60 11.50 11.50 - 9.44% 17 25,480,000 TELEPAR ON * TEPR3 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEPAR PN * TEPR4 180.00 180.00 170.00 170.00 - 8.10% 15 482,000 TELEPAR CL ON * TPRC3 35.00 35.00 35.00 35.00 - 2.77% 1 30,000 TELEPAR CL PNB* TPRC6 56.00 56.98 53.00 53.00 -11.66% 3 301,000 TELERJ ON * TERJ3 20.00 22.00 20.00 20.00 - 4.76% 6 8,770,000 TELERJ PN * TERJ4 30.00 31.35 29.30 31.02 - 1.21% 56 11,900,000 TELERJ CL ON * TRJC3 21.50 21.50 21.50 21.50 - 6.52% 7 420,000 TELERJ CL PNB* TRJC6 21.00 21.02 20.00 20.60 - 6.36% 25 3,730,000 TELESP ON * TLSP3 110.50 110.51 109.99 110.50 - 7.91% 12 700,000 TELESP PN * TLSP4 163.00 164.00 156.70 163.00 - 2.97% 187 42,340,000 TELESP CL ON * TSPC3 20.01 24.00 20.00 24.00 = 0.00% 4 580,000 TELESP CL PNB* TSPC6 41.02 41.99 40.00 41.90 - 3.67% 47 6,130,000 TELEBAHIA ON * TEBA3F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBAHIA PNA* TEBA5F 19.00 19.00 18.03 18.03 / 0.00% 5 27,967 TELEBAHIA PNB* TEBA6F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBAHIA CL ON * TBAC3F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBAHIA CL PNB* TBAC6F 18.00 18.00 17.00 17.00 / 0.00% 2 5,602 TELEBRAS ON * TELB3F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBRAS PN * TELB4F 0.31 0.31 0.31 0.31 / 0.00% 2 85,910 TELEBRASI CL ON * TBRC3F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBRASI CL PNB* TBRC6F 38.00 38.00 38.00 38.00 / 0.00% 1 6,723 TELEBRASILIA ON * TBRS3F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBRASILIA PN * TBRS4F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEMIG ON * TMGR3F 18.00 21.00 18.00 21.00 / 0.00% 3 9,308 TELEMIG PNB* TMGR6F 40.00 40.00 35.00 38.00 / 0.00% 4 11,281 TELEMIG PND* TMGR8F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEMIG CL ON * TMGC3F 10.50 10.50 9.51 9.51 / 0.00% 2 8,069 TELEMIG CL PNB* TMGC6F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEMIG CL PNC* TMGC7F 11.00 11.00 10.02 10.02 / 0.00% 4 10,980 TELEPAR ON * TEPR3F 120.00 120.00 120.00 120.00 / 0.00% 1 193 TELEPAR PN * TEPR4F 175.00 175.00 170.00 170.00 / 0.00% 4 784 TELEPAR CL ON * TPRC3F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEPAR CL PNB* TPRC6F 53.00 53.00 53.00 53.00 / 0.00% 1 615 TELERJ ON * TERJ3F 18.00 21.00 18.00 21.00 / 0.00% 12 27,076 TELERJ PN * TERJ4F 29.00 29.50 29.00 29.02 / 0.00% 7 18,477 TELERJ CL ON * TRJC3F 21.00 21.49 15.01 15.01 / 0.00% 5 12,884 TELERJ CL PNB* TRJC6F 21.00 21.10 20.03 20.03 / 0.00% 11 23,972 TELESP ON * TLSP3F 110.00 110.00 107.01 107.01 / 0.00% 12 39,535 TELESP PN * TLSP4F 160.00 163.00 155.11 161.01 / 0.00% 31 102,563 TELESP CL ON * TSPC3F 20.00 20.00 20.00 20.00 / 0.00% 4 17,683 TELESP CL PNB* TSPC6F 43.00 43.00 38.06 40.51 / 0.00% 21 51,001