São Paulo stock exchange advances 1.72%, dollar falls 1.96%, after Bolsonaro repositioning
RIO DE JANEIRO, BRAZIL – The São Paulo stock exchange reversed on Thursday part of the losses registered the day before and advanced 1.72%, with its Ibovespa index, the benchmark of the trading floor, rising to 115,360 points, after Brazil’s president, Jair Bolsonaro called for pacification in the country.
The market in São Paulo closed the previous day with a sharp drop of 3.78%. Investors reacted to the protests of September 7 and the strong criticism of Bolsonaro and his supporters to the country’s democratic institutions, which meant the biggest daily loss on the trading floor in almost six months.
The conservative president had led protests last Tuesday in which some of his supporters demanded a “military intervention” and others the “dissolution” of Congress and the Supreme Court.
The São Paulo Stock Exchange partially recovered and added 1,948 units to its main indicator on a day in which the preferred shares of the state-owned oil company Petrobras, which rose 2.12%, were the most traded.
The common shares of the oil company PetroRio also led the session’s biggest gains, with a notable rise of 8.32 %, followed by the common shares of the electric motor manufacturer Weg (+6.44 %) and the common shares of the state-owned energy company Eletrobras (+6.07 %).
At the other end of the spectrum, the ordinary shares of the Suzano paper mill lost the most value today, falling by 0.54%, together with the preferred shares of the Bradespar investment fund (-0.38%) and the ordinary shares of the Vale mining company, which fell by 0.36% and were also among the most coveted shares of the day.
The volume of business on the São Paulo stock exchange exceeded 39.16 billion reais (about 7.5 billion dollars) on Thursday, resulting in about 4,869,900 financial transactions.
The US dollar depreciated 1.96% against the Brazilian real in the exchange market and ended the day traded at 5.223 reais for purchase and sale at the commercial exchange rate.
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Live Market IntelligenceBrazil — Live Market Board
Rio Times · Live Market Intelligence
Brazil — Live Market Board
-0.57%
170,033.63
-0.57%
69,182.39
-0.76%
10,600.37
-0.73%
2,848,945
—
2,498.96
-0.27%
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| IBOV | 170,033.63 | -0.57% | +19.56% | 171,006.10 | 178,526 | 175,157 | — |
| USD/BRL | 5.34 | -1.32% | -0.84% | 5.42 | 5.42 | 5.30 | — |
| SELIC | 13.75% | — | — | — | — | — | |
| PETR4 | 53.31 | -1.06% | +77.70% | 53.88 | 53.70 | 52.83 | 43,239,500 |
| VALE3 | 62.88 | -2.33% | +1.98% | 64.38 | 64.43 | 62.80 | 24,652,300 |
| ITUB4 | 41.42 | -0.67% | +11.30% | 41.70 | 42.60 | 41.15 | 28,160,700 |
| BBDC4 | 15.69 | -1.63% | -13.88% | 15.95 | 16.30 | 15.67 | 65,766,400 |
| BBAS3 | 17.59 | +0.69% | -15.59% | 17.47 | 18.31 | 17.51 | 67,844,600 |
| B3SA3 | 15.27 | +1.33% | +21.71% | 15.07 | 15.78 | 15.20 | 75,282,000 |
| ABEV3 | 15.40 | +0.20% | +26.75% | 15.37 | 15.68 | 15.31 | 27,307,400 |
| WEGE3 | 45.78 | +2.81% | +10.06% | 44.53 | 47.08 | 45.06 | 9,823,200 |
| PRIO3 | 69.21 | -2.71% | +87.14% | 71.14 | 70.98 | 69.15 | 6,663,200 |
| SUZB3 | 47.14 | -0.55% | -3.79% | 47.40 | 47.84 | 46.10 | 7,151,800 |
| RENT3 | 31.14 | -1.67% | -20.73% | 31.67 | 32.68 | 31.02 | 19,092,400 |
| AZZA3 | 16.72 | +1.15% | -42.24% | 16.53 | 17.42 | 16.72 | 4,875,400 |
| CSNA3 | 4.76 | -4.99% | -47.09% | 5.01 | 5.14 | 4.76 | 14,327,900 |
| GGBR4 | 24.87 | -2.28% | +36.28% | 25.45 | 26.20 | 24.79 | 7,507,900 |
| ENEV3 | 26.79 | +0.45% | +49.78% | 26.67 | 27.35 | 26.30 | 12,263,000 |
This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief
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