(Bloomberg) -- Brazil's main stock index rose to a
record for a second day as the prospect of acquisitions in the U.S.
and Europe drove speculation that local telecommunications
companies and banks will be bought.
The Bovespa index of the most-traded stocks on the Sao Paulo
exchange gained 334.27, or 0.6 percent, to 52,411.95. Brazil's
biggest fixed-line telephone company Tele Norte Leste Participacoes
SA, or Telemar, led the gain.
Read more at Bloomberg Stocks News
record for a second day as the prospect of acquisitions in the U.S.
and Europe drove speculation that local telecommunications
companies and banks will be bought.
The Bovespa index of the most-traded stocks on the Sao Paulo
exchange gained 334.27, or 0.6 percent, to 52,411.95. Brazil's
biggest fixed-line telephone company Tele Norte Leste Participacoes
SA, or Telemar, led the gain.
Read more at Bloomberg Stocks News
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