Brazil's stocks rose on Friday. The Bovespa index of the Sao Paulo Stock Exchange rose 1.54 percent to a preliminary close of 44,133.42 points. Signs of vigor in the US job market eased concerns about economic growth that could dampen demand for commodities and emerging market securities.
In local trading, Brasil Telecom voting shares rose 1.79 percent to 39.70 reais, while the company's preferred shares gained 1.87 percent to 18 reais. Telecom Italia, which is part of Brazil Telecom's controlling shareholders' group, said on Friday it plans to sell nonstrategic stakes worth 1 billion euros, including shares it owns in the Brazilian phone company. Steelmaker Usiminas rose 4.47 percent to 89.30 reais, on top of a 2.9 percent gain the previous session.
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