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

To: Steve Fancy who wrote (9631)	11/12/1998 2:07:00 PM
From: Steve Fancy	Respond to of 22640

Brazilian bourses got $92 mln foreign cash in Oct Reuters, Thursday, November 12, 1998 at 12:17 SAO PAULO, Nov 12 (Reuters) - Brazilian bourses saw a net foreign capital inflow of $92.03 million in October against a net outflow of $1.735 billion in September, Brazil's Securities and Exchange Commission (CVM) said on Thursday. The amount represented cash received through CVM's Annex Four, which regulates foreign investment in Brazilian shares, debentures and privatization bonds. Most of the investment is in shares. Foreign buys totaled $1.196 billion in October, while foreign sales amounted to $1.104 billion last month, CVM said in a statement. So far this year, Brazilian bourses have reported a cumulative net outflow of $1.811 billion. They reported a net inflow of $1.615 billion for the whole of 1997. Copyright 1998, Reuters News Service

To: Steve Fancy who wrote (9631)	11/12/1998 2:16:00 PM
From: Steve Fancy	Respond to of 22640

Forex posts a US$10m surplus on Wednesday São Paulo, 12 - Brazil's forex market posted a US$10m surplus on Wednesday. The result increased the month's accumulated positive balance to US$484m from US$474m. During the session, financial inflow reached US$346m, above outflow which stood at US$318m. In the trade account, exports reached US$167m, against imports of US$185m. The floating dollar was negative at US$82m, boosting the month's negative result to US$550m from US$468m. (By Adriana Carvalho)

To: Steve Fancy who wrote (9631)	11/12/1998 2:19:00 PM
From: Steve Fancy	Respond to of 22640

Congress approves part of Welfare provisional measures São Paulo, 12 - Congress approved yesterday the four least controversial of the 12 provisional measures (MP's) regulating the Welfare reform bill. The "toughest" MP's, the last ones to be analyzed, increase to 20% from 11% the Welfare contribution quota of servants earning over R$1,200 a month and authorizes the Union, states and municipalities to charge that contribution from retirees. The PSDB leader in the Chamber, deputy Aécio Neves (Minas Gerais), predicts that the Welfare amendment will be promulgated within 15 days. (O Estado de S. Paulo/ Jornal da Tarde/ Folha de S.Paulo/ Jornal do Brasil)

To: Steve Fancy who wrote (9631)	11/12/1998 2:22:00 PM
From: Steve Fancy	Respond to of 22640

Closing figures for the Baby Bras Preferred shares on the Bovespa for: 11/11/1998 ******* The 12 Baby Bra preferred shares represent the Bovespa close at 3:00...NYSE close may be different Company Type Symbol OPEN HIGH LOW CLOSE CHG TRADES $ VOLUME ======= ==== ====== ===== ===== ===== ===== ===== ====== ============ EMBRATEL PAR PN * EBTP4 19.00 19.40 17.10 17.90 - 3.24% 419 682,200,000 TELE CL SUL PN * TCSL4 1.65 1.65 1.50 1.64 + 0.61% 198 1,108,500,000 TELE CTR OES PN * TCOC4 1.03 1.06 1.01 1.02 + 2.00% 179 765,400,000 TELE CTR SUL PN * TCSP4 11.00 11.10 10.30 10.80 + 0.93% 308 607,300,000 TELE LEST CL PN * TLCP4 0.61 0.64 0.60 0.62 = 0.00% 182 771,900,000 TELE NORD CL PN * TNEP4 0.84 0.86 0.79 0.83 - 3.48% 210 917,700,000 TELE NORT CL PN * TNCP4 0.35 0.36 0.34 0.34 = 0.00% 177 827,900,000 TELE NORT LE PN * TNLP4 18.60 19.00 17.00 17.70 - 4.83% 325 598,300,000 TELE SUDESTE PN * TSEP4 5.80 5.90 5.00 5.10 -11.45% 262 803,900,000 TELEMIG PART PN * TMCP4 1.40 1.49 1.40 1.43 + 0.70% 207 1,085,500,000 TELESP CL PA PN * TSPP4 11.00 11.00 9.90 10.10 - 3.80% 330 735,400,000 TELESP PART PN * TLPP4 32.50 33.50 31.00 31.50 - 2.47% 338 687,700,000 ------ R$ 98.98 R$ 98.98 / 1.1909 = US$ 83.11 Closing figures for the Baby Bras Common shares on the Bovespa for: 11/11/1998 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 12.00 12.00 10.00 10.00 -13.04% 57 60,400,000 TELE CL SUL ON * TCSL3 0.86 0.86 0.85 0.86 + 3.61% 29 42,300,000 TELE CTR OES ON * TCOC3 0.69 0.69 0.69 0.69 + 2.98% 23 33,900,000 TELE CTR SUL ON * TCSP3 6.40 6.64 5.80 6.00 - 7.83% 34 34,300,000 TELE LEST CL ON * TLCP3 0.39 0.41 0.39 0.39 + 2.63% 49 903,800,000 TELE NORD CL ON * TNEP3 0.50 0.52 0.50 0.50 = 0.00% 41 142,200,000 TELE NORT CL ON * TNCP3 0.25 0.27 0.24 0.24 = 0.00% 42 437,800,000 TELE NORT LE ON * TNLP3 9.79 10.01 9.30 9.80 + 5.37% 72 166,000,000 TELE SUDESTE ON * TSEP3 2.97 2.97 2.62 2.80 - 5.72% 35 36,800,000 TELEMIG PART ON * TMCP3 0.88 0.92 0.86 0.92 + 8.23% 30 80,700,000 TELESP CL PA ON * TSPP3 6.10 37.00 5.80 5.81 - 3.16% 41 58,900,000 TELESP PART ON * TLPP3 24.50 25.00 20.50 20.50 - 9.65% 52 56,800,000 Closing figures for Telebras receipts on the Bovespa for: 11/11/1998 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 63.00 64.00 56.50 58.00 - 5.99% 211 221,500,000 TELEBR RCTB RPN* RCTB40 102.00 103.90 97.00 97.20 - 3.76% 1109 2,443,000,000 TELEBR RCTB RON* RCTB30T 57.82 57.82 57.81 57.81 0.00% 2 400,000 TELEBR RCTB RPN* RCTB40T 105.75 106.39 99.96 99.97 0.00% 11 5,600,000 TELEBR RCTB RON* RCTB30T 61.59 61.60 61.59 61.60 0.00% 2 1,000,000 TELEBR RCTB RPN* RCTB40T 102.84 102.84 102.83 102.83 0.00% 2 500,000 RCTB RPN* RCTBL18 17.30 18.00 13.40 13.50 -14.55% 28 57,000,000 RCTB RPN* RCTBL28 30.80 30.80 30.80 30.80 -19.37% 1 5,000,000 RCTB RPN* RCTBL3 10.00 11.20 7.30 7.50 -20.21% 407 796,000,000 RCTB RPN* RCTBL30 26.50 26.50 22.00 22.00 -10.56% 6 25,000,000 RCTB RPN* RCTBL4 5.20 6.00 3.60 3.70 -21.27% 1789 3,767,000,000 RCTB RPN* RCTBL5 2.30 2.75 1.55 1.65 -17.50% 1629 3,132,000,000 RCTB RPN* RCTBL6 1.00 1.15 0.60 0.62 -22.50% 284 486,000,000 TELEBR RCTB RON* RCTB30F 62.00 65.00 58.00 59.00 - 4.37% 33 607,044 TELEBR RCTB RPN* RCTB40F 102.00 103.40 96.01 97.75 - 3.21% 62 1,626,772 Closing figures for other Baby Bra related symbols on the Bovespa for: 11/11/1998 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 NORT LE ON * TNLP3T 10.23 10.24 10.23 10.24 0.00% 2 2,000,000 TELESP PART ON * TLPP3T 20.97 20.98 20.97 20.98 0.00% 2 1,000,000 EMBRATEL PAR ON * EBTP3F 11.33 11.33 10.01 10.01 -12.95% 8 141,402 EMBRATEL PAR PN * EBTP4F 18.90 18.90 17.90 17.95 - 2.97% 3 170,000 TELE CL SUL ON * TCSL3F 0.82 0.82 0.82 0.82 + 6.49% 1 1,402 TELE CL SUL PN * TCSL4F 1.63 1.63 1.62 1.62 + 4.51% 2 99,000 TELE CTR OES ON * TCOC3F 0.68 0.68 0.68 0.68 + 1.49% 2 1,402 TELE CTR OES PN * TCOC4F 1.02 1.02 1.02 1.02 + 2.00% 1 97,000 TELE CTR SUL ON * TCSP3F 6.11 6.40 6.11 6.40 - 1.68% 2 64,402 TELE CTR SUL PN * TCSP4F 10.91 10.91 10.91 10.91 + 1.96% 1 33,000 TELE LEST CL ON * TLCP3F 0.39 0.39 0.39 0.39 + 2.63% 1 1,402 TELE LEST CL PN * TLCP4F 0.62 0.62 0.62 0.62 + 5.08% 1 97,000 TELE NORD CL ON * TNEP3F 0.49 0.49 0.48 0.48 - 4.00% 2 1,402 TELE NORD CL PN * TNEP4F 0.84 0.84 0.82 0.82 - 4.65% 2 196,999 TELE NORT CL ON * TNCP3F 0.24 0.24 0.23 0.23 - 4.16% 2 2,804 TELE NORT CL PN * TNCP4F 0.34 0.34 0.34 0.34 = 0.00% 1 97,000 TELE NORT LE ON * TNLP3F 9.31 9.99 9.31 9.99 + 7.41% 6 109,602 TELE NORT LE PN * TNLP4F 21.00 21.00 17.30 17.30 - 6.98% 4 20,600 TELE SUDESTE ON * TSEP3F 2.71 3.00 2.70 3.00 + 1.01% 3 24,220 TELE SUDESTE PN * TSEP4F 5.60 5.60 5.10 5.10 -11.45% 3 100,000 TELEMIG PART ON * TMCP3F 0.85 0.85 0.85 0.85 + 4.93% 1 1,402 TELEMIG PART PN * TMCP4F 1.44 1.44 1.43 1.43 + 4.37% 2 97,000 TELESP CL PA ON * TSPP3F 5.70 5.81 5.55 5.81 - 3.16% 4 62,906 TELESP CL PA PN * TSPP4F 10.32 10.50 9.52 10.50 = 0.00% 10 275,600 TELESP PART ON * TLPP3F 23.01 23.01 20.12 20.12 -11.32% 8 181,402 TELESP PART PN * TLPP4F 33.00 33.00 30.55 32.00 - 0.92% 5 111,376 Closing figures for other Telebras related symbols on the Bovespa: 11/11/1998 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 29.99 29.99 28.00 28.00 - 6.35% 9 2,860,000 TELEBAHIA PNB* TEBA6 0.00 0.00 0.00 0.00 / 0.00% 0 0 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 0.09 0.09 0.08 0.08 = 0.00% 56 835,000,000 TELEBRAS PN * TELB4 0.13 0.14 0.12 0.12 - 7.69% 157 858,300,000 TELEBRASI CL ON * TBRC3 46.00 46.00 46.00 46.00 - 9.80% 1 50,000 TELEBRASI CL PNB* TBRC6 56.00 57.00 56.00 57.00 - 8.06% 3 90,000 TELEBRASILIA ON * TBRS3 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBRASILIA PN * TBRS4 106.00 106.00 105.50 105.50 - 2.31% 3 60,000 TELEMIG ON * TMGR3 24.00 24.00 24.00 24.00 + 0.04% 1 30,000 TELEMIG PNB* TMGR6 41.05 42.00 40.50 41.50 + 1.09% 38 17,440,000 TELEMIG PND* TMGR8 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEMIG CL PNE* TMGC11 12.00 12.00 12.00 12.00 + 4.34% 1 10,000 TELEMIG CL ON * TMGC3 10.51 10.51 10.51 10.51 -17.95% 4 610,000 TELEMIG CL PNB* TMGC6 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEMIG CL PNC* TMGC7 16.50 16.50 15.50 16.35 + 2.18% 30 11,020,000 TELEPAR ON * TEPR3 110.00 110.00 110.00 110.00 + 4.66% 3 56,000 TELEPAR PN * TEPR4 233.00 237.00 227.00 233.01 + 0.65% 46 10,833,000 TELEPAR CL ON * TPRC3 39.00 39.00 37.00 37.00 - 5.12% 3 370,000 TELEPAR CL PNB* TPRC6 65.00 66.49 63.00 63.50 - 0.78% 43 7,917,000 TELERJ ON * TERJ3 24.90 25.00 24.90 25.00 + 0.40% 7 2,010,000 TELERJ PN * TERJ4 44.50 45.80 42.62 43.80 - 1.57% 309 148,520,000 TELERJ CL ON * TRJC3 24.00 24.01 24.00 24.00 = 0.00% 3 40,000 TELERJ CL PNB* TRJC6 43.00 43.50 40.50 40.50 - 5.81% 68 18,310,000 TELESP ON * TLSP3 142.00 145.00 139.00 145.00 + 2.11% 14 800,000 TELESP PN * TLSP4 210.00 218.99 209.50 212.00 + 0.47% 412 112,670,000 TELESP CL ON * TSPC3 37.00 37.50 35.50 36.00 = 0.00% 58 31,640,000 TELESP CL PNB* TSPC6 64.60 66.00 61.00 63.00 - 2.47% 152 68,400,000 TELEMIG PNB* TMGR6T 42.99 43.00 42.99 43.00 0.00% 2 1,000,000 TELEPAR CL PNB* TPRC6T 64.87 64.89 64.87 64.89 0.00% 2 70,000 TELESP CL ON * TSPC3T 38.37 38.37 37.83 37.85 0.00% 5 5,500,000 TELESP CL PNB* TSPC6T 64.47 64.47 64.46 64.46 0.00% 2 500,000 TELEMIG PNB* TMGR6T 43.86 43.86 43.85 43.85 0.00% 2 2,000,000 TELERJ PN * TERJ4T 47.23 47.24 47.23 47.24 0.00% 4 500,000 TELEBAHIA ON * TEBA3F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBAHIA PNA* TEBA5F 28.00 28.00 28.00 28.00 - 6.35% 1 8,434 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 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBRAS ON * TELB3F 0.08 0.08 0.08 0.08 = 0.00% 1 1,402 TELEBRAS PN * TELB4F 0.12 0.12 0.12 0.12 = 0.00% 1 97,000 TELEBRASI CL ON * TBRC3F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBRASI CL PNB* TBRC6F 56.50 56.50 55.01 55.01 -11.27% 2 3,395 TELEBRASILIA ON * TBRS3F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBRASILIA PN * TBRS4F 104.00 104.00 104.00 104.00 - 0.95% 2 7,842 TELEMIG ON * TMGR3F 20.00 20.00 20.00 20.00 -16.63% 5 10,579 TELEMIG PNA* TMGR5F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEMIG PNB* TMGR6F 41.90 41.90 39.01 39.01 - 4.96% 6 21,701 TELEMIG PND* TMGR8F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEMIG CL ON * TMGC3F 11.00 11.00 10.00 10.00 -21.93% 4 20,515 TELEMIG CL PNB* TMGC6F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEMIG CL PNC* TMGC7F 15.00 15.99 15.00 15.00 - 6.25% 6 16,695 TELEPAR ON * TEPR3F 100.00 100.00 100.00 100.00 - 4.85% 1 289 TELEPAR PN * TEPR4F 232.00 234.01 225.00 225.00 - 2.80% 4 1,234 TELEPAR CL ON * TPRC3F 37.01 37.01 37.01 37.01 - 5.10% 1 224 TELEPAR CL PNB* TPRC6F 64.00 65.00 63.01 63.01 - 1.54% 6 2,095 TELERJ ON * TERJ3F 23.01 24.02 23.01 24.02 - 3.53% 7 26,804 TELERJ PN * TERJ4F 43.51 45.01 42.01 43.50 - 2.24% 19 60,566 TELERJ CL ON * TRJC3F 23.02 24.10 23.02 23.71 - 1.20% 6 15,561 TELERJ CL PNB* TRJC6F 42.01 43.20 39.01 40.01 - 6.95% 23 62,845 TELESP ON * TLSP3F 138.01 145.00 136.00 145.00 + 2.11% 14 52,799 TELESP PN * TLSP4F 214.00 218.00 209.06 212.00 + 0.47% 54 232,638 TELESP CL ON * TSPC3F 34.25 37.00 34.25 37.00 + 2.77% 14 52,737 TELESP CL PNB* TSPC6F 65.00 65.80 61.00 62.00 - 4.02% 20 102,236

To: Steve Fancy who wrote (9631)	11/12/1998 2:24:00 PM
From: Steve Fancy	Respond to of 22640

IADB sees Latam growth falling to 1-1.5 pct in '99 Reuters, Thursday, November 12, 1998 at 14:15 WASHINGTON, Nov 12 (Reuters) - Inter-American Development Bank President Enrique Iglesias said on Thursday he expected growth across Latin America to slow in 1999 to 1-1.5 percent from 2.5 percent this year because of the global crisis. Iglesias also told a news conference that the bank's board of governors was expected later on Thursday to approve $10 billion in new emergency financing to help Latin America get through the crisis. That package will include $3.4 billion for Brazil. The IADB in September approved a $1.1 billion loan for Brazil to help in the development of small- and medium-sized enterprises. The $3.4 billion IADB loan, part of a much larger international rescue package, will charge Brazil about four percentage points over market rates and run for five years. Iglesias said two other Latin American states had asked for emergency loans from the IADB. He said the bank's board would consider a $2.5 billion loan for Argentina and a $1.25 billion credit for Colombia during its Thursday-Friday session. Iglesias said there were clear signs that Latin America was overcoming the financial crisis, which started in Asia and has spread to emerging markets around the globe. "The external situation has calmed down a lot," Iglesias said. He said an recent agreement between Group of Seven industrial nations to create a new precautionary credit line at the IMF had helped to restore calm to markets. Iglesias said Brazil's international rescue package, expected to be announced as early as Friday, would also help shore up investor confidence. He called Brazil's economic program "serious and credible." Iglesias noted that Latin American shares were up about 50 percent overall in the last two months in a sign the region was recovering. 898-8383, washington.economic.newsroom@reuters.com)) Copyright 1998, Reuters News Service