In tandem with the positive market sentiment, Tele Norte Leste Participacoes ( TNE) and Ultrapar Participacoes ( UGP) advanced 4% and 3.4%, respectively. Companhia Energetica de Minas Gerais (CEMIG) ( CIG), a utility company, rose 3.4% past week, backed by higher volumes. Banco Bradesco ( BBD) piled 3.3%. The company has announced to increase its staff by 20% in 2011, on the mounting M&A deals in capital markets. With the Bovespa gaining 1.2% past week, there were no losers among Brazil ADRs.