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
-0.10%
166,934.20
-0.10%
64,397.45
-0.66%
11,042.67
+0.39%
2,947,349
-1.77%
2,452.46
+0.84%
58,104.31
+0.40%
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| IBOV | 166,934.20 | -0.10% | +21.85% | 167,100.95 | 168,310 | 167,142 | — |
| USD/BRL | 5.16 | +0.01% | -5.13% | 5.16 | 5.18 | 5.14 | — |
| SELIC | 14.00% | — | — | — | — | — | |
| PETR4 | 41.64 | -0.05% | +35.19% | 41.66 | 41.97 | 41.15 | 41,499,400 |
| VALE3 | 72.97 | +0.83% | +30.75% | 72.37 | 73.54 | 72.66 | 17,658,000 |
| ITUB4 | 38.60 | -1.03% | +4.57% | 39.00 | 39.34 | 38.39 | 29,487,800 |
| BBDC4 | 16.85 | +0.36% | +3.50% | 16.79 | 16.90 | 16.67 | 19,416,900 |
| BBAS3 | 19.37 | +0.47% | +0.73% | 19.28 | 19.44 | 19.16 | 11,069,200 |
| B3SA3 | 14.26 | -0.21% | +12.73% | 14.29 | 14.47 | 14.11 | 33,037,800 |
| ABEV3 | 14.89 | -0.80% | +21.91% | 15.01 | 15.07 | 14.81 | 16,453,100 |
| WEGE3 | 47.59 | +0.49% | +29.99% | 47.36 | 48.08 | 47.36 | 3,364,600 |
| PRIO3 | 59.14 | -0.19% | +50.67% | 59.25 | 59.81 | 58.74 | 3,325,600 |
| SUZB3 | 41.33 | +2.35% | -23.55% | 40.38 | 41.48 | 40.35 | 3,914,900 |
| RENT3 | 34.68 | -0.09% | +0.84% | 34.71 | 34.96 | 34.35 | 7,979,100 |
| AZZA3 | 15.89 | -2.63% | -53.76% | 16.32 | 16.42 | 15.82 | 1,330,300 |
| CSNA3 | 4.30 | +0.47% | -42.65% | 4.28 | 4.41 | 4.26 | 10,076,100 |
| GGBR4 | 24.69 | +2.19% | +51.38% | 24.16 | 24.85 | 24.18 | 7,047,600 |
| ENEV3 | 24.21 | -1.38% | +70.49% | 24.55 | 24.64 | 23.99 | 9,297,000 |
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