RIO DE JANEIRO, BRAZIL - Petrobras shares closed Thursday, August 5, with a rise of almost 10% on the São Paulo Stock Exchange, boosted by the publication the day before of better-than-expected results for the second quarter of the year.
The Brazilian state-controlled oil company's ordinary shares (with voting rights) reached a peak gain of 11.8% before midday, then gave some ground to finish up 9.63% at the close of trading.
The rise was not enough to contain the decline of the Ibovespa index of the main stocks, which fell 0.14%, affected mainly . . .