The Sao Paulo Stock Exchange falls 2.11% amid interest rate expectations By EFE

Sao Paulo, Oct 26 (.) .- The Sao Paulo Stock Exchange fell 2.11% on Tuesday and its index, benchmark of the stock market, stood at 106,419 points at the close of the day, marked by the caution of investors about the decision by the Central Bank about the rates in Brazil.

After recovering part of the losses accumulated last week the day before, the São Paulo ring returned to negative territory today amid the market’s expectation of a new possible rise in the basic interest rate, which will be decided tomorrow Wednesday by the monetary authority Brazilian.

On the trading day, the Azul airline, one of the three main airlines in the country, led the biggest losses, after ending the day with a drop of 8.38% in its ordinary papers.

The ordinary securities of the construction company Eztec, which fell 7.64%, and the ordinary securities of the travel company CVC Brasil, which in turn were devalued by 6.83%, also closed the session in red.

The preferred shares of the state oil company Petrobras (NYSE 🙂 and the ordinary shares of the mining giant Vale, which were the most traded of the day, also contributed to the negative closing of the São Paulo market this Tuesday, since they yielded, respectively, 0 , 96% and 1.06%.

On the earnings side, in which the energy sector stood out, the ordinary papers of the Brazilian subsidiary of Portuguese energy company EDP (LS 🙂 were the ones that gained the most value this Tuesday, appreciating 2.23%.

They were followed by the preferred securities of the petrochemical company Braskem, which rose 1.78%; the preferential ones of the metallurgical company Gerdau, which gained 1.09%; and the ordinary ones of the energy company CPFL (SA :), which increased 0.78%.

The volume of business on the Sao Paulo Stock Exchange on Tuesday surpassed 27,290 million reais (about 5,898 million dollars), the product of more than 4,335,511 financial operations.

In the exchange market, the US dollar appreciated 0.27% against the Brazilian real and ended the day trading at 5.571 for buying and selling at the commercial exchange rate.

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