©Reuters. Sao Paulo Stock Exchange ignores improvement in economic projection and loses 0.54%
Sao Paulo, Sep 15 (EFE).- The Sao Paulo stock market lost 0.54% this Thursday and its index stood at 109,953 points, in a day without a defined course abroad and despite good macroeconomic data from Brazil.
Investors opted for caution despite the upward revision of the economic projections made today by the Brazilian government for 2022.
According to the Ministry of Economy, the growth forecast for 2022 went from 2.0 to 2.7%, thanks to the positive result of GDP in the second quarter of the year.
The Brazilian economy advanced by 1.2% compared to the first quarter, grew by 2.6% year-on-year and accumulates an increase of 3.2% in the first semester.
Likewise, according to another indicator known as “previous GDP” and released today, the economy continues to grow above market projections and advanced 1.17% in July, driven by the services sector.
Despite the indicators, the market closed in the red on a day in which the losses were led by the transport company EcoRodovias, which fell 11.31% despite having won the concession of several highways in Sao Paulo today.
The preferred shares of the state oil company Petrobras (NYSE:) also closed in negative territory, which registered a slight fall of 0.16%.
Among the biggest gains of the day were the ordinary titles of the mining company Vale, one of the largest exporters of iron in the world, which rose 2.01% and were the most traded.
The papers that rose the most, however, were the ordinary ones of the computer company Positivo Tecnología, 7%.
During the day, 22,174 million reais (about 4,264 million dollars) were traded, as a result of 3,652,869 financial transactions.
In the foreign exchange market, the dollar appreciated 1.19% against the real and was traded at 5.238 reais for purchase and 5.239 reais for sale at the commercial exchange rate.