Brazil's Magazine Luiza, B2W, Via Varejo shares hit lows on Reuters report

By Kitco News / February 09, 2018 / www.kitco.com / Article Link

SAO PAULO, Feb 9 (Reuters) - Stocks in Brazilian retailers with strong e-commerce revenue hit session lows on Friday after Reuters reported that Amazon.com Inc was looking to lease a major new warehouse in Brazil. Units, a blend of shares in appliance retailer Via Varejo SA , extended their fall to 6 percent and reached a session low of 23.72 reais.

Shares in Magazine Luiza SA touched 72.32 reais, down 5 percent. E-commerce firm B2W Companhia Digital fell 8.5 percent to 20.80 reais.


(Reporting by Paula Laier; Writing by Tatiana Bautzer; Editing by Daniel Flynn and Tom Brown)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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