Brazil’s HRT Advances 2.8 Percent, Reversing Initial Slide

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  • Posted on January 30, 2012


    HRT Participacoes em Petroleo SA, Brazil’s fourth-largest oil company by market value, gained, erasing initial losses.

    HRT rose 2.8 percent to 473 reais at the close of trading in Sao Paulo, paring its decline this year to 17 percent. The stock plunged 5.7 percent earlier in the day before rebounding.

    To contact the reporter on this story: Rodrigo Orihuela in Rio de Janeiro at rorihuela@bloomberg.net

    To contact the editor responsible for this story: Dale Crofts at dcrofts@bloomberg.net

    Bloomberg/AC