Vale, Enersis, Sociedad Quimica y Minera: Latin Equity Preview

The following stocks may make significant gains or losses in Latin American markets today. Symbols are in parentheses after company names, and stock prices are from the last session.

The Morgan Stanley Capital International index of Latin American shares fell 1.2 percent to 4,563.26 yesterday.

In Brazil, preferred shares are the most commonly traded class of stock.

Brazil

Cia. Vale do Rio Doce (VALE5 BS): The world's biggest iron- ore producer said a judge granted pig-iron maker Ferro Gusa do Maranhao Ltda an injunction ordering Vale to keep supplying the mill. Vale, which had cut supply to Fergumar on concerns it doesn't comply with labor and environmental standards, said in an e-mailed statement it will resume the supply and appeal the decision. Vale fell 1.1 real, or 2 percent, to 53.9 pesos.

Chile

Enersis SA (ENERSIS CC): The owner of Chile's biggest power producer Empresa Nacional de Electricidad SA reported a 53 percent profit decline in the first nine months of the year. Net income fell to 119 billion pesos ($242 million) from 255 billion in the same period last year, the Santiago-based company reported on the regulator's Web site after the close of trading yesterday. Shares fell 2 pesos, or 1 percent, to 193.5 pesos.

financial-markets-a.com