©Reuters. Sao Paulo Stock Exchange falls 2.38% in anticipation of Lula’s new team
Sao Paulo, Nov 7 (.).- The index, the main benchmark of the Sao Paulo Stock Exchange, fell 2.38% this Monday, to 115,342 points, with the market waiting for the economic team to be announced by the new Government , according to the consolidated closing data.
The Brazilian stock market is keeping an eye on the names that should be announced at any time by the president-elect, Luiz Inácio Lula da Silva, to occupy the Ministry of Economy and other positions in the financial area as of January 1.
The São Paulo parquet thus recorded a financial volume of 31,957 million reais (about 6,181 million dollars) and totaled a little more than 4.5 million transactions.
Almost always in negative territory, the largest Latin American stock market by traded volume moved between a maximum score of 118,239 integers, with a momentary advance of a scant 0.07%, and a minimum of 115,220 units, when it fell by 2, 48%.
After a rise of 1.08% on Friday, the indicator subtracted 2,813 units from its accumulated score this Monday.
On a favorable day for pulp and paper producers, the day’s gains were led by Santander bank (BME:) Brazil unit shares, which rose 5.88%.
Behind were the ordinary shares of the insurance company BBSeguridade (+1.04%) and the paper company Suzano (+0.92%).
On the other hand, the losses in the stock market were led by the ordinary papers of the Yduqs (-10.64%) and Cogna (-8.72%) networks of colleges and universities, with those of the same type of the chain of commerce electronic and Lojas Americanas stores (-9.00%) in the middle.
On the other hand, the most traded securities on the day were the preferential ones of the state oil company Petrobras (NYSE:) (-4.06%).
In the foreign exchange market, the dollar appreciated 2.22% against the real and ended the first trading day of the week trading at the Brazilian commercial exchange rate at 5.170 reais for purchase and 5.171 for sale.
Starting this Monday, the Brazilian stock market closed its operations one hour later to align with daylight saving time in the United States.