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©Reuters. Sao Paulo Stock Exchange escapes losses and rises 0.14% encouraged by foreign
Sao Paulo, Sep 8 (EFE).- The Sao Paulo stock market advanced 0.14% this Thursday and its index stood at 109,915 points, after a day of volatility in which investors were attentive abroad.
After a festive day for the celebration of Independence and without great references at the local level, the Brazilian parquet followed in the footsteps of Wall Street and the main European markets, which closed with general gains.
This after the president of the US Federal Reserve (Fed), Jerome Powell, confirmed his commitment to curb inflation through an aggressive policy and the ECB announced a new rate hike.
The shares that rose the most on the day were those of the Magazine Luiza chain of stores, which climbed 7.25%.
Companies in the airline sector also closed among the largest increases of the day, while the ordinary shares of Vale, one of the largest iron exporters in the world, recorded an increase of 1.32% and were the second most traded in the session. .
Losses, for their part, were led by the meat sector: Marfrig ordinary paper fell 5.29%, while JBS similar paper fell 4.62%.
The oil sector also closed with widespread falls, despite the rise in the price of oil on the international market.
The papers most sought after by investors were the preferential ones of the state oil company Petrobras (NYSE:), which fell 1.18%.
During the day, 24,590 million reais (about 4,728 million dollars) were traded, as a result of 3,901,416 financial transactions.
In the foreign exchange market, the dollar depreciated 0.62% against the real and was traded at 5.205 reais for both purchase and sale at the commercial exchange rate.
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