1.   Phone company Telecomunicacoes Brasileiras SA and state utility Centrais Eletricas Brasileiras dominated trading.

2.   Telebras options dominated trading as buyers and sellers tried to manipulate their price in the last full day before options expire.

3.   Telebras shares dominated trading in Brazil this week as investors geared up for the bimonthly expiration of Telebras options on Monday.

4.   Wheat futures were mixed Friday on the Chicago Board of Trade, while corn and soybeans declined in calm trading dominated by institutional purchases.