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Magazine Luiza

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    Magazine Luiza shares surge 61% to lead Ibovespa gains▼mglu3GgoogleBR2K1 d ago

    Magazine Luiza (MGLU3) shares jumped 61% during the September rally, making the retailer the biggest gainer in Brazil's Ibovespa index. Investors are reacting to renewed appetite for the company's stock, which had been among the market's most beaten-down names, as buying returned to Brazilian equities this month.