Oil drives the Sao Paulo stock market, which rises 0.16%

Sao Paulo, March 23 (.).- The Sao Paulo stock market advanced 0.16% this Wednesday and its index stood at 117,457 points, according to preliminary data, driven by the rise in the price of the and the consequent increase in the shares of state oil company Petrobras (NYSE:).

The preferred papers of Petrobras, the largest company in Brazil and one of the flagships on the floor, were the second most traded of the day and registered a rise of 1.20% at the end of the day.

The increase in Petrobras helped offset the fall in the common shares of the mining company Vale, another of the large companies on the stock market, which fell 0.22% and were the most traded.

The shares that rose the most, for their part, were those of the Soma group, a brand platform, which advanced 6.48%, followed by that of the Lojas Renner clothing store network, which rose 5.63%.

On the opposite side were the ordinary shares of the Fleury medical laboratory network, which dropped 4.20%, followed by those of the Minerva meat group (-3.78%).

During the day, 26,503 million reais (about 5,521 million dollars) were traded, as a result of 3,682,331 financial transactions.

In the foreign exchange market, the dollar depreciated 1.43% against the real, which represents its sixth consecutive fall, and has already accumulated a fall of more than 6% in the month.

The “green ticket” was traded at 4,843 reais for both purchase and sale at the commercial exchange rate, which is its lowest level in the last two years, specifically since March 13, 2020, when the pandemic began. of the coronavirus in the country.