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

To: Steve Fancy who wrote (8927)	10/8/1998 6:29:00 PM
From: djane	Read Replies (1) \| Respond to of 22640

Cramer/TSC long on TBR. Interesting panel discussion thestreet.com Rob Friedman: Talking about panic in the market, and what a strange value market it's been. When Telebras (TBR:NYSE ADR) announced its subdivision, they put up the 12 different pieces of Telebras for sale, controlling interest for sale. And the money came in from overseas, from the U.S. and Europe, the 12 pieces went up for auction. And when the final bids came out Telebras, with the controlling pieces at those prices, was valued at I think 295 a share for the ADR equivalents now assume those were for controlling interest, for 51% of the companies. So there's a huge premium there. So if 295 is the value set for the control piece, what's the balance worth? Do you put a 30% discount on that, a 50% discount? Whatever you want to do. The day the announcement came out I think Telebras was trading at around 130. So that's fairly compelling at that point, regardless of devaluation concerns and so forth. As we approached this final subdivision of Telebras into its 12 components the stock went from 130 to 50. At 50 it was trading at one times EBD, and no one gave a hoot. Actually they did give a hoot at 50 because it rebounded to 70 in no time flat. Jim Cramer: Everybody thinks it's just a short squeeze from 50 to 70. I'm long Telebras. Telebras seems to be the great aberration of this summer/fall period, because statistically it's just not supposed to happen. In terms of the stockpicking world that I live in, I'll go to my partner Jeff Berkowitz and start the morning and say "I shouldn't be in the business anymore. I should put my whole fund in Telebras." Let's say they devalue three times. I don't think it should be here. It's pricing in three devaluations. Maybe Brazil's in huge trouble. It's still not pricing. ... I've ridden this thing, I'm under water on it. I bought some again on Friday thinking that the election might mark more of a stability in Brazil. This has been to me in my career, I missed the AT&T (T:NYSE) breakup, so I said it's not going to happen to me again. I hope I get to see the breakup of Telebras!

To: Steve Fancy who wrote (8927)	10/8/1998 6:32:00 PM
From: djane	Respond to of 22640

Jim Cramer: "I should put my whole fund in Telebras. Let's say they devalue three times. I don't think it should be here. It's pricing in three devaluations." [Anyone want to speculate when TBR's compelling valuation story will matter again?]

To: Steve Fancy who wrote (8927)	10/8/1998 6:35:00 PM
From: djane	Read Replies (2) \| Respond to of 22640

To the thread, why are TBH and TBR trading at the same price? There had been a 1-3 point difference until recently.

To: Steve Fancy who wrote (8927)	10/9/1998 12:21:00 AM
From: Steve Fancy	Read Replies (1) \| Respond to of 22640

Brazil's real ends weaker as outflows grow again Reuters, Thursday, October 08, 1998 at 17:23 SAO PAULO, Oct 8 (Reuters) - Brazil's real weakened 0.17 percent to finish at 1.1845 per dollar in the commercial foreign exchange market on Thursday as players speculated more dollars had fled markets today. By 1730 local/2030 GMT, an estimated net $342 million had escaped the country's currency markets, or a net $222 million from the commercial market and a net $120 million from the floating market, dealers said. The outflows put renewed pressure on the real as dollar flight from Brazil's currency markets had been slowing in recent days, dealers said. A net $191 million had left markets on Wednesday, while a net $101 million had entered on Tuesday as foreign buyers of recently privatized Brazilian assets put down their payments. Some $29 billion had exited Brazil since the beginning of August as investors fled emerging markets, worried that Latin America may repeat Russia's currency devaluation. In a joint statement with the International Monetary Fund from Washington, Brazil said on Thursday the government was committed to the current forex regime and that it would not impose controls on capital outflows. But dealers said the comments did not impact the market as they were widely expected. In the floating currency market, the real closed down 0.07 percent at 1.1894 to the dollar on Thursday, while in the parallel market the real closed up 0.77 percent at 1.30 per U.S. currency. Copyright 1998, Reuters News Service

To: Steve Fancy who wrote (8927)	10/9/1998 12:22:00 AM
From: Steve Fancy	Respond to of 22640

Emerging debt up as Brazil, IMF move toward deal Reuters, Thursday, October 08, 1998 at 17:36 NEW YORK, Oct 8 (Reuters) - Emerging debt prices firmed by one half to one point Thursday on news that Brazil made progress in securing help from the International Monetary Fund, intended to keep economic crisis at bay, traders said. The rally was muted because details of the package were sketchy and did not include references to tax increases in Brazil, market experts said. A joint statement from the IMF and the Brazilian government said the two sides were in talks about a reform program which could be backed by loans from the international community. "As soon as we have a formal, full-fledged program in hand, we will be quick to react. We are able to react very quickly," IMF Managing Director Michel Camdessus told a news conference. "What has not come out is the form that the credit for Brazil will take -- whether it is a standby credit, a guarantee facility or upfront cash," said Martin Schubert, chairman of the European Inter-American Finance Corp., an emerging markets debt trading and fund managing firm. Financial markets have focused on Brazil since the Russian debt default and currency devaluation that occurred in August. Those actions by Moscow made investors less willing to take risks in emerging markets such as Brazil. "If Brazil holds, Latin America will hold. If Brazil does not hold, the domino principle will go into effect," Schubert said. "The nature of the package will depend on approval of $18 billion in funding by the U.S. Congress," Schubert said. Republican leaders presented to the U.S. administration on Thursday a list of rigid demands to be met by the International Monetary Fund before Congress agrees to hand over $18 billion to the agency, which is struggling with the global economic crisis which has swept across Asia and Russia, throwing world financial markets into turmoil. The $18 billion was requested by President Bill Clinton and approved by the Senate but held up for months by the House of Representatives. Among the demands agreed by House and Senate Republicans on Thursday was a requirement that the IMF must lend at market rates, cut loan maturities and publish summaries of board meetings. The White House has opposed similar proposals in the past, arguing they would be impossible to implement at the lending institution, which reports to 182 governments. Benchmark Brazil C bonds <BRAZILC=RR> were up 1 to bid 61-1/4 Thursday and Argentine PAR <ARGPAR=RR> bonds were up 1/4 to bid 67. Copyright 1998, Reuters News Service

To: Steve Fancy who wrote (8927)	10/9/1998 12:25:00 AM
From: Steve Fancy	Respond to of 22640

LatAm mkts lashed by world stock declines Reuters, Thursday, October 08, 1998 at 17:49 By Noriko Yamaguchi SAO PAULO, Oct 8 (Reuters) - Latin American stocks tumbled from the start Thursday as overseas bourses plunged, giving investors no time to digest President Fernando Henrique Cardoso's talk Wednesday on balancing Brazil's books, traders said. In a re-election speech yesterday, Cardoso declared his victory with most of the votes from Sunday's polls counted, and pledged to press ahead with long-delayed fiscal reforms. He said he had asked his economic team to speed up completion of a three-year fiscal program and make it available for his review by October 20. But he did not put forth a much-awaited package of quick-fix budget cuts. "If you think about it, Brazil is doing everything it can at the moment, although at a very slow pace," said Carlos Eduardo Ramos, trader at Opportunity Capital in Rio de Janeiro. "The government is making the correct moves, or at least the required ones, and that is why Cardoso had been elected to a second term. But everything seems to be overshadowed by market turbulence overseas today," he said. Brazilian stocks fell Wednesday following Cardoso's speech, as it lacked specific immediate budget cuts required of the country to get international aid. At the same time, pessimism was fueled by share declines posted on Wall Street, brokers said. Sao Paulo's losses were extended on Thursday, as investors woke to find Japan's bourse had skidded overnight. Tokyo's Nikkei index <.N225> dropped six percent. Sao Paulo's Bovespa index (INDEX:$BVSP.X) opened down more than 4 percent, dragging down other stocks in the region. The MerVal index <.MERV> in Buenos Aires also lost over 3.4 percent to about 348.08 in morning trade tracking overseas losses and on continuing worries over the global economy and neighboring giant Brazil. Argentine analysts said they now expected the MerVal to reach a floor of 348 points, and if broken, to find its next floor at the 300-point mark. Mexican stocks also opened lower taking a cue from drops posted on major world bourses. "The mood on foreign markets is definitely taking a toll on local shares. Japan fell very strongly and the European bourses are all in the negative zone," said one local trader. The Bolsa's blue chip index <.MXX> fell 1.55 percent after the open, and later was down was much as 2.7 percent. Shares in Chile were also hovering in the loss zone, with the IPSA index <.IPSA> of leading 40 stocks down more than 1.5 percent. In Caracas, the top IBC index <.IBC> was off 1.5 percent at 3,457.33. Shares were not expected to pick up soon as investors were disappointed that Brazil seemed to fail to push through a quick-fix fiscal package with budget cuts, local traders said. Copyright 1998, Reuters News Service

To: Steve Fancy who wrote (8927)	10/9/1998 12:28:00 AM
From: Steve Fancy	Respond to of 22640

ADR REPORT - Emerging market highlights - Oct 8 Reuters, Thursday, October 08, 1998 at 20:27 BRAZIL ADRS BUOYED WITH MOVE TOWARD IMF DEAL NEW YORK, Oct 8 (Reuters) - Brazilian ADRs strengthened Thursday after the International Monetary Fund (IMF) and Brazil said they hoped to strike a deal soon on an overhaul of the Latin American giant's economy. Analysts said the announcement in Washington was a step in the right direction in restoring international investors' confidence in Brazil. However, they added that markets needed more details about the possible agreement. Brazil is seen as crucial in the fight to prevent turmoil in emerging markets from gripping the rest of the world economy. "Absent any details where people can really crunch the numbers, I don't see the markets moving much," said James Barrineau, Latin American equity strategist at Salomon Smith Barney. Denis Parisien, equity strategist at Dresdner Kleinwort Benson, said the slide in the value of the dollar and a downturn in U.S. markets increased pressure on Brazil to solve its financial problems. "It's a tough, tough assignment they have," he said. "This environment is tremendously unforgiving." The IMF and Brazil said in a joint statement that Brazil would work fast with the IMF to complete a package of macroeconomic and other reforms which could get outside funding. The plan includes a Brazil public surplus by 1999 of 2.5 to 3 percent of gross domestic product. Brazil's recently re-elected president, Fernando Henrique Cardoso, is preparing financial measures designed to cut a budget deficit of 8 percent of gross domestic product. Cardoso has discussed the measures with congressional leaders to assure passage through an often-balky legislature. A three-year fiscal program will be ready for his review by Oct. 20. Barrineau called the negotiations "very smart." "The market can't be disappointed," he said. "If this delay (in announcing measures) is to grease the skids in Congress, then it will be well worth it." Latin American ADRs were pummeled overall as U.S. markets reeled after the dollar fell to a 15-month low against the yen. The ING Barings Latin American index of leading regional stocks <.LAT> was down 1.46 percent. The Nasdaq's ADR index was off 5.75 percent. Here are some highlights among emerging market ADRs: * * * BRAZIL - Telephone issue Telebras SA (SAO:TELB4) (NYSE:TBR) was off 1/8 to 67, after hitting an intraday low of 63-5/8. Unibanco Group (SAO:UBB) (NYSE:UBB) eased 5/16 to 12-5/8, rebounding from an intraday low of 11-1/2. Power utility Companhia Paranaense de Energia (SAO:CPL) (NYSE:ELP) eased 6/16 to 5-13/16, just off a low of 5-9/16. * * * MEXICO - Telefonos de Mexico (MEX:TMX.L) (NYSE:TMX) rose 9/16 to 43-1/8. * * * INDONESIA - Bellwether PT Telekom (NYSE:TLK) (JAK:TLKM) was up one, or 34.8 percent, to 3-7/8 in heavy trade and Indonesian Satellite (JAK:ISAT) (NYSE:IIT) rose 2-9/16, or 51.9 percent, to 7-1/2. The ADRs were among percentage-gain leaders on the New York Stock Exchange. Traders said they were boosted by a stronger rupiah, the Indonesian currency, as the yen's strong rise pulled up regional currencies in its wake. Copyright 1998, Reuters News Service

To: Steve Fancy who wrote (8927)	10/9/1998 12:29:00 AM
From: Steve Fancy	Read Replies (1) \| Respond to of 22640

IMF meetings end gloomily, but promises for Brazil Reuters, Thursday, October 08, 1998 at 20:35 (Adds Camdessus comments, news on Brazil talks) By Janet Guttsman WASHINGTON, Oct 8 (Reuters) - Gloom about growth dominated World Bank and International Monetary Fund meetings this week but a promise on Thursday to help embattled Brazil showed new resolve to prevent the global crisis from getting out of hand. The mood, worsening as Washington's hot, humid summer was abruptly replaced by dark clouds and intermittent rain, was depressed by fear of recession, pleas for lower interest rates and talk that a global economic crisis had spread beyond individual countries to threaten the system itself. But the policymakers ended their talks on Thursday with promises of backing for an early international rescue package for Brazil, the latest country reeling from the crisis. A joint statement from the IMF and the Brazilian government said the two sides were in talks about a reform program which could be backed by loans from the international community. "As soon as we have a formal, full-fledged program in hand, we will be quick to react. We are able to react very quickly," IMF Managing Director Michel Camdessus told a news conference. Camdessus also insisted the fund's 182 member countries had agreed on what had to be done to ease the world's financial woes, even if they had yet to implement all that was needed. "We have 182 countries in global crisis going together with an extraordinary sense of cohesion," he said. "We are seeking consensus and agreeing, forcefully, on what is our basic approach." The meetings took place as Brazil, Latin America's largest economy, struggled to minimize damage from the global economic tidal wave. Western markets shuddered from the shock and the dollar dropped almost 20 percent in less than a week before recovering somewhat. Camdessus said the dollar's plunge had been "disorderly and at this stage somewhat inappropriate." He added: "We are in a situation of crisis, in a situation where rationality is not the most obvious picture of the market behavior." The meltdown started in Thailand in July last year and spread steadily around the world, forcing once-booming economies to seek billions of dollars in financial aid and driving growth estimates sharply down. The IMF, releasing its forecasts at the start of the meeting, said it expected the world economy to grow just 2.0 percent this year, less than half the 1997 rate and in sharp contrast with 4.3 percent it forecast just one year ago. The fund, along with other institutions, had been revising growth forecasts down steadily since then, and its cautious April report predicted 3.1 percent 1998 world growth. But equally worrying for many of the policymakers gathered in Washington was fear that key tenets of the capitalist economic system could now be under threat as countries hit by the financial storm cried out for action to protect the economies from volatile capital flows. Malaysia's Second Finance Minister Mustapa Mohamed, defending capital controls introduced earlier this month, said the IMF's standard plan of tight fiscal and monetary policies had only aggravated the crisis in Asia. "We are victims of the onslaught of speculative capital flows seeking high returns," Mustapa told the meetings. "The traditional prescription backfired." Russia's Finance Minister, Mikhail Zadornov, said countries like his own had responded to a desperate situation with desperate measures. "Obviously when there is a sudden outflow of capital, these countries find themselves in a desperate situation and are often forced to take measures that meet with disapproval in the international community," he said. Russia devalued the rouble and defaulted on some debts in August, frightening investors and driving the financial crisis into its latest, more dangerous phase. The main recommendations at meetings of ministers from the industrialized and the developing world centered on the need to improve transparency and accountability, to strengthen weak banks and involve the private sector more in solving crises. A U.S. proposal would create a contingency fund for countries to use before they got into trouble, but it depends on money which the Republican dominated Congress has not made available yet. Republicans are seeking changes to IMF lending policy before they will agree to approve the $18 billion of U.S. cash. These include more transparency at the IMF and curbs on the use of subsidized loans to poor countries. U.S. foot-dragging on the funding has already exasperated its European partners. "The United States must not default on its responsibility," French Finance Minister Dominique Strauss-Kahn said. Copyright 1998, Reuters News Service

To: Steve Fancy who wrote (8927)	10/9/1998 12:50:00 AM
From: Steve Fancy	Read Replies (5) \| Respond to of 22640

Closing figures for the Baby Bras Preferred shares on the Bovespa for: 10/08/1998 ******* 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 14.50 16.26 14.50 16.26 + 8.40% 84 226,800,000 TELE CL SUL PN * TCSL4 0.87 1.15 0.87 0.91 + 4.59% 100 1,017,500,000 TELE CTR OES PN * TCOC4 0.75 0.77 0.73 0.77 + 1.31% 60 385,200,000 TELE CTR SUL PN * TCSP4 11.50 12.50 11.50 12.50 + 2.45% 38 189,000,000 TELE LEST CL PN * TLCP4 0.35 0.39 0.35 0.38 = 0.00% 59 272,800,000 TELE NORD CL PN * TNEP4 0.51 0.58 0.51 0.58 + 5.45% 59 208,700,000 TELE NORT CL PN * TNCP4 0.24 0.29 0.24 0.27 = 0.00% 79 357,400,000 TELE NORT LE PN * TNLP4 10.00 10.80 10.00 10.80 + 0.93% 54 190,600,000 TELE SUDESTE PN * TSEP4 3.35 3.35 2.80 3.10 - 3.12% 80 250,400,000 TELEMIG PART PN * TMCP4 0.61 0.77 0.60 0.74 - 2.63% 59 250,200,000 TELESP CL PA PN * TSPP4 7.30 7.30 6.80 7.10 - 6.57% 64 227,000,000 TELESP PART PN * TLPP4 27.00 30.00 27.00 27.10 - 3.21% 69 288,800,000 ------ R$ 80.51 R$ 80.51 / 1.1845 = US$ 67.97 Closing figures for the Baby Bras Common shares on the Bovespa for: 10/08/1998 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 8.15 8.20 8.10 8.20 - 3.52% 6 7,100,000 TELE CL SUL ON * TCSL3 0.66 0.66 0.64 0.66 = 0.00% 6 11,400,000 TELE CTR OES ON * TCOC3 0.60 0.60 0.60 0.60 - 3.22% 2 2,200,000 TELE CTR SUL ON * TCSP3 6.50 6.50 6.50 6.50 = 0.00% 2 1,400,000 TELE LEST CL ON * TLCP3 0.29 0.29 0.29 0.29 - 3.33% 14 137,900,000 TELE NORD CL ON * TNEP3 0.35 0.35 0.32 0.33 - 8.33% 25 107,700,000 TELE NORT CL ON * TNCP3 0.21 0.22 0.21 0.21 - 4.54% 7 27,200,000 TELE NORT LE ON * TNLP3 5.25 5.30 5.25 5.25 - 6.25% 7 3,000,000 TELE SUDESTE ON * TSEP3 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEMIG PART ON * TMCP3 0.54 0.55 0.54 0.55 = 0.00% 8 183,500,000 TELESP CL PA ON * TSPP3 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELESP PART ON * TLPP3 17.00 17.00 16.00 17.00 +13.33% 3 600,000 Closing figures for Telebras receipts on the Bovespa for: 10/08/1998 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 43.00 44.90 42.00 44.00 - 1.12% 180 149,400,000 TELEBR RCTB RPN* RCTB40 76.00 81.00 75.50 81.00 + 1.37% 944 2,100,200,000 TELEBR RCTB RON* RCTB30T 45.24 45.56 45.24 45.56 0.00% 3 170,000 RCTB RPN* RCTBJ23 0.11 0.15 0.10 0.12 -20.00% 97 342,000,000 RCTB RPN* RCTBJ24 0.08 0.09 0.08 0.09 -10.00% 31 214,000,000 RCTB RPN* RCTBJ25 0.06 0.06 0.05 0.05 -28.57% 8 21,500,000 RCTB RPN* RCTBJ26 0.03 0.04 0.03 0.03 -40.00% 9 15,100,000 RCTB RPN* RCTBJ41 4.20 5.80 2.90 5.20 +10.63% 1819 3,390,000,000 RCTB RPN* RCTBJ42 0.95 1.70 0.70 1.40 - 6.66% 1818 4,075,000,000 RCTB RPN* RCTBJ43 0.27 0.40 0.20 0.38 - 5.00% 305 921,800,000 RCTB RPN* RCTBJ52 9.00 12.30 8.20 12.30 +11.81% 35 99,000,000 RCTB RPN* RCTBL18 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBR RCTB RON* RCTB30F 42.00 44.50 42.00 43.50 / 0.00% 37 696,574 TELEBR RCTB RPN* RCTB40F 76.50 80.00 75.91 80.00 / 0.00% 45 1,110,787 Closing figures for other Baby Bra related symbols on the Bovespa for: 10/08/1998 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 ======= ==== ====== ===== ===== ===== ===== ===== ====== ============ TELE NORD CL ON * TNEP3T 0.37 0.37 0.36 0.36 0.00% 2 10,000,000 TELE NORD CL PN * TNEP4T 0.56 0.57 0.56 0.57 0.00% 2 30,000,000 EMBRATEL PAR ON * EBTP3F 7.71 8.19 7.51 8.19 / 0.00% 6 154,800 EMBRATEL PAR PN * EBTP4F 14.98 14.98 14.98 14.98 / 0.00% 1 77,000 TELE CL SUL ON * TCSL3F 0.62 0.68 0.62 0.68 / 0.00% 5 202,794 TELE CL SUL PN * TCSL4F 1.01 1.01 1.01 1.01 / 0.00% 1 50,000 TELE CTR OES ON * TCOC3F 0.60 0.60 0.60 0.60 / 0.00% 2 144,819 TELE CTR OES PN * TCOC4F 0.73 0.73 0.73 0.73 / 0.00% 1 51,000 TELE CTR SUL ON * TCSP3F 6.30 6.30 6.30 6.30 / 0.00% 2 80,000 TELE CTR SUL PN * TCSP4F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELE LEST CL ON * TLCP3F 0.28 0.29 0.27 0.27 / 0.00% 8 250,820 TELE LEST CL PN * TLCP4F 0.36 0.36 0.36 0.36 / 0.00% 1 51,000 TELE NORD CL ON * TNEP3F 0.30 0.30 0.30 0.30 / 0.00% 6 260,319 TELE NORD CL PN * TNEP4F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELE NORT CL ON * TNCP3F 0.21 0.21 0.21 0.21 / 0.00% 2 75,019 TELE NORT CL PN * TNCP4F 0.28 0.28 0.28 0.28 / 0.00% 3 60,000 TELE NORT LE ON * TNLP3F 4.75 4.75 4.75 4.75 / 0.00% 2 80,000 TELE NORT LE PN * TNLP4F 12.00 12.00 12.00 12.00 / 0.00% 2 71,000 TELE SUDESTE ON * TSEP3F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELE SUDESTE PN * TSEP4F 3.00 3.00 3.00 3.00 / 0.00% 1 99,999 TELEMIG PART ON * TMCP3F 0.30 0.30 0.30 0.30 / 0.00% 5 68,355 TELEMIG PART PN * TMCP4F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELESP CL PA ON * TSPP3F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELESP CL PA PN * TSPP4F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELESP PART ON * TLPP3F 14.00 14.00 14.00 14.00 / 0.00% 1 11,200 TELESP PART PN * TLPP4F 27.00 27.00 27.00 27.00 / 0.00% 1 16,100 Closing figures for other Telebras related symbols on the Bovespa: 10/08/1998 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 19.00 19.78 18.50 19.78 + 1.48% 16 3,170,000 TELEBAHIA CL ON * TBAC3 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBAHIA CL PNB* TBAC6 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBAHIA CL PNC* TBAC7 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBRAS ON * TELB3 0.11 0.14 0.11 0.14 +27.27% 17 69,800,000 TELEBRAS PN * TELB4 0.18 0.21 0.18 0.19 + 5.55% 79 430,800,000 TELEBRASI CL ON * TBRC3 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBRASI CL PNB* TBRC6 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBRASILIA ON * TBRS3 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBRASILIA PN * TBRS4 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEMIG ON * TMGR3 23.00 25.00 23.00 25.00 +19.04% 3 30,000 TELEMIG PNB* TMGR6 0.00 0.00 0.00 0.00 / 0.00% 0 0 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 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEMIG CL PNB* TMGC6 10.00 20.00 10.00 20.00 / 0.00% 2 160,000 TELEMIG CL PNC* TMGC7 11.60 11.70 10.50 11.65 + 2.19% 26 11,850,000 TELEPAR ON * TEPR3 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEPAR PN * TEPR4 160.01 160.01 156.00 158.99 - 3.64% 22 811,000 TELEPAR CL ON * TPRC3 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEPAR CL PNB* TPRC6 53.00 53.00 47.00 50.00 - 2.72% 43 12,225,000 TELERJ ON * TERJ3 20.00 20.50 20.00 20.50 + 0.98% 11 5,420,000 TELERJ PN * TERJ4 28.00 30.90 28.00 30.90 + 5.46% 209 73,930,000 TELERJ CL ON * TRJC3 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELERJ CL PNB* TRJC6 20.98 22.20 20.98 22.20 + 0.90% 122 76,800,000 TELESP ON * TLSP3 106.99 107.00 102.00 106.99 - 0.00% 9 790,000 TELESP PN * TLSP4 155.00 162.00 153.00 162.00 + 1.25% 389 103,360,000 TELESP CL ON * TSPC3 21.97 21.99 20.00 21.86 - 2.84% 20 5,530,000 TELESP CL PNB* TSPC6 38.01 39.00 37.20 37.98 - 5.05% 154 51,090,000 TELEBAHIA ON * TEBA3F 10.00 10.00 10.00 10.00 / 0.00% 2 12 TELEBAHIA PNA* TEBA5F 18.30 18.75 17.81 17.81 / 0.00% 3 15,504 TELEBAHIA PNB* TEBA6F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBAHIA CL ON * TBAC3F 8.08 8.08 8.08 8.08 / 0.00% 1 5,806 TELEBAHIA CL PNB* TBAC6F 16.80 16.80 16.80 16.80 / 0.00% 1 8,806 TELEBRAS ON * TELB3F 0.10 0.11 0.10 0.10 / 0.00% 4 68,643 TELEBRAS PN * TELB4F 0.17 0.19 0.17 0.19 / 0.00% 2 56,430 TELEBRASI CL ON * TBRC3F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBRASI CL PNB* TBRC6F 39.00 39.00 39.00 39.00 / 0.00% 1 2,200 TELEBRASILIA ON * TBRS3F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBRASILIA PN * TBRS4F 82.06 83.01 82.05 83.01 / 0.00% 3 7,735 TELEMIG ON * TMGR3F 18.92 18.92 18.92 18.92 / 0.00% 2 3,518 TELEMIG PNA* TMGR5F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEMIG PNB* TMGR6F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEMIG PND* TMGR8F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEMIG CL ON * TMGC3F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEMIG CL PNB* TMGC6F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEMIG CL PNC* TMGC7F 10.05 10.05 10.05 10.05 / 0.00% 1 4,824 TELEPAR ON * TEPR3F 110.00 120.00 110.00 120.00 / 0.00% 2 193 TELEPAR PN * TEPR4F 158.00 158.00 151.50 155.00 / 0.00% 6 2,101 TELEPAR CL ON * TPRC3F 33.00 33.00 33.00 33.00 / 0.00% 1 187 TELEPAR CL PNB* TPRC6F 49.99 49.99 45.01 49.99 / 0.00% 7 2,966 TELERJ ON * TERJ3F 19.00 19.98 19.00 19.80 / 0.00% 11 25,642 TELERJ PN * TERJ4F 28.00 29.50 28.00 29.02 / 0.00% 12 38,461 TELERJ CL ON * TRJC3F 15.00 15.00 14.66 14.67 / 0.00% 4 14,675 TELERJ CL PNB* TRJC6F 20.00 21.05 20.00 20.33 / 0.00% 7 12,808 TELESP ON * TLSP3F 103.00 107.00 102.02 105.00 / 0.00% 12 42,894 TELESP PN * TLSP4F 155.00 159.00 154.00 158.01 / 0.00% 34 112,792 TELESP CL ON * TSPC3F 19.01 21.99 19.01 20.00 / 0.00% 9 20,019 TELESP CL PNB* TSPC6F 38.00 39.00 36.65 38.00 / 0.00% 22 71,895