Brazil: Agrogalaxy falls more than 20% on B3 debut day; Livetech slips slightly
RIO DE JANEIRO, BRAZIL – Shares of Agrogalaxy, a retail platform engaged in the marketing of inputs for the agricultural sector, fell 20.87% at 11 AM to trade at R$10.88 on debut day on the B3.
The price per share for the company’s IPO was at the lower end of the indicative price range, ranging from R$13.75 to R$16.50. The operation included the issuance of 25,454,545 ordinary shares, resulting in an increase in share capital of R$349.9 million to R$838.7 million, divided into 170,824,989 ordinary shares.
Livetech da Bahia, known as WDC Networks, which also debuted on the stock market on Monday (26), fell 1.21% to R$22.92. The technology company, which focuses on the fiber-optic telecommunications and enterprise sectors, valued its shares at R$23.20, the bottom of the indicative range from R$23.20 to R$25.75.
Eletromídia (ELMD3) rose 1.73% to R$22.39 after announcing the acquisition of 74.65% of the shares of Otima Concessionária de Exploração de Mobiliário Urbano for R$416.7 million. Of the total amount, R$356.9 million will be paid in cash and R$59.8 million in installments.
In Ibovespa, the main index of B3, the reinsurance company IRB Brazil (IRBR3) recorded one of the highest increases, rising 3.81% to reach R$6. The company last week reported a net profit of R$7.5 million in May, after a loss of R$202.1 million a year earlier.
CSN (CSNA3) also led Ibovespa with a gain of 3.30%, trading at R$47.25.
At the other end of the index, Locaweb and Lojas Americanas recorded the biggest losses. Locaweb (LWSA3) fell 1.99% to R$27.08 and Lojas Americanas (AMER3) fell 2.11% to R$54.84.
Pharmaceutical stock Hypera Pharma (HYPE3) fell 0.47% to R$ 36.10. Last Friday (23rd), the company reported an 18.7% increase in net income for the second quarter of 2021 compared to the same period last year. The amount increased from R$396.4 million to R$470.6 million. For the cumulative first six months, the increase was 22.2% – from R$634.6 million to R$775.6 million.
Live Market IntelligenceBrazil — Live Market Board
Rio Times · Live Market Intelligence
Brazil — Live Market Board
-2.68%
171,006.10
-2.68%
68,950.50
-1.09%
10,677.88
-0.82%
2,848,945
—
2,505.79
-0.03%
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| IBOV | 171,006.10 | -2.68% | +19.56% | 175,710.05 | 178,526 | 175,157 | — |
| USD/BRL | 5.34 | -1.32% | -0.84% | 5.42 | 5.42 | 5.30 | — |
| SELIC | 13.75% | — | — | — | — | — | |
| PETR4 | 53.31 | -1.06% | +77.70% | 53.88 | 53.70 | 52.83 | 43,239,500 |
| VALE3 | 62.88 | -2.33% | +1.98% | 64.38 | 64.43 | 62.80 | 24,652,300 |
| ITUB4 | 41.42 | -0.67% | +11.30% | 41.70 | 42.60 | 41.15 | 28,160,700 |
| BBDC4 | 15.69 | -1.63% | -13.88% | 15.95 | 16.30 | 15.67 | 65,766,400 |
| BBAS3 | 17.59 | +0.69% | -15.59% | 17.47 | 18.31 | 17.51 | 67,844,600 |
| B3SA3 | 15.27 | +1.33% | +21.71% | 15.07 | 15.78 | 15.20 | 75,282,000 |
| ABEV3 | 15.40 | +0.20% | +26.75% | 15.37 | 15.68 | 15.31 | 27,307,400 |
| WEGE3 | 45.78 | +2.81% | +10.06% | 44.53 | 47.08 | 45.06 | 9,823,200 |
| PRIO3 | 69.21 | -2.71% | +87.14% | 71.14 | 70.98 | 69.15 | 6,663,200 |
| SUZB3 | 47.14 | -0.55% | -3.79% | 47.40 | 47.84 | 46.10 | 7,151,800 |
| RENT3 | 31.14 | -1.67% | -20.73% | 31.67 | 32.68 | 31.02 | 19,092,400 |
| AZZA3 | 16.72 | +1.15% | -42.24% | 16.53 | 17.42 | 16.72 | 4,875,400 |
| CSNA3 | 4.76 | -4.99% | -47.09% | 5.01 | 5.14 | 4.76 | 14,327,900 |
| GGBR4 | 24.87 | -2.28% | +36.28% | 25.45 | 26.20 | 24.79 | 7,507,900 |
| ENEV3 | 26.79 | +0.45% | +49.78% | 26.67 | 27.35 | 26.30 | 12,263,000 |
This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief
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