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

SAO PAULO, Nov 18 (Reuters) - Eletrobras shares dropped in opening trading on Monday after the Brazilian state-run electricity utility posted a third-quarter net loss of 915 million reais as it continued to adapt to government-mandated tariff reductions.

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

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