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© Reuters. Sao Paulo Stock Exchange drops 1.15% backed by Petrobras
Sao Paulo, Dec 1 (.).- The Sao Paulo Stock Exchange fell 1.15% this Thursday, after two sessions in the green, and its index, a reference for the parquet, stood at 110,925 points, weighed down by the depreciation of the papers of the state oil company Petrobras (NYSE:), one of its main values.
In the foreign exchange market, the US dollar depreciated 0.10% in Brazil and closed at 5,196 reais, both for purchase and sale, at the commercial exchange rate.
The preferential titles of Petrobras, the largest company in Brazil, depreciated 4.04% and were among the most traded of the day after the news that the Government of the president-elect, Luiz Inácio Lula da Silva, will review the millionaire plan investment plan approved the day before by the company.
According to the plan, 82% of the investments (64,000 million dollars) will be allocated to natural gas and exploration and production projects, mainly in very deep waters of the Atlantic where Petrobras discovered gigantic hydrocarbon reserves.
The government that will take office in January will review this plan because Lula has already expressed his interest in Petrobras also giving priority to increasing Brazil’s refining capacity, energy transition projects and investments in renewable energy. as biofuel and offshore wind.
The losses of the day were led by the ordinary papers of the department store chain Magazin Luiza (-9.09%) together with the similar ones of the meat giant BRF (-9.02%).
Gains were led by Bank of Brazil insurance company BB Seguridade, whose common shares appreciated 2.33%, followed by the likes of Brazilian aircraft manufacturer Embraer (BVMF:) (+2.29%).
The most requested papers this Thursday were the ordinary ones of the mining giant Vale (+0.55%).
During the day, 26,842 million reais (about 5,171 million dollars) were traded as a result of more than 4.3 million financial transactions.
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