Shares of Brazil's Eletrobras drop after third-quarter loss

Reuters

SAO PAULO, Nov 18 (Reuters) - Eletrobras sharesdropped in opening trading on Monday after the Brazilianstate-run electricity utility posted a third-quarter net loss of915 million reais as it continued to adapt togovernment-mandated tariff reductions.

At 10:10 a.m. (1210 GMT), shares of Centrais EletricasBrasileiras SA, as Eletrobras is formally known, fell 2.3percent to 10.57 reais.

Brazil's stock market was closed on Friday for a nationalholiday.

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