Sao Paulo Stock Exchange returns to negative ground and loses 2.67% in the week

Sao Paulo, Apr 8 (.).- The Sao Paulo Stock Exchange returned to negative ground this Friday and fell 0.45%, ending the week with an accumulated fall of 2.67%, after the disclosure of some economic indicators and amid uncertainties surrounding Petrobras (NYSE:).

The São Paulo ring operated almost the entire week in the field of losses, largely due to the impacts of the conflict between Russia and Ukraine but also due to some noise on the domestic scene, for which the index , a reference on the parquet, closed this Friday at 118,322 points.

Investors reacted cautiously to data released today that showed inflation in Brazil accelerated by 1.62% in March and reached 11.30% year-on-year, its highest level in the last 18 years.

The uncertainties regarding the change of command of the state oil company Petrobras also weighed on the red closing of the Brazilian square, after the candidate initially proposed by the Government rejected the invitation and was replaced at the last moment by José Mauro Ferreira Coelho, Former Secretary of , Natural Gas (MC:) and Biofuels of the Ministry of Mines and Energy.

In the exchange market, the US dollar depreciated this Friday by 0.66% against the Brazilian real and ended the day trading at 4.709 reais for purchase and sale at the commercial exchange rate.

In the five days of the week, however, the greenback appreciated 0.92% against the Brazilian currency.

As usual, the ordinary shares of the mining company Vale, which fell 2.04%, and the preferred shares of Petrobras, which advanced 0.50%, were the most traded in the trading session.

The ordinary papers of the Via Varejo retail network led the biggest losses of the day, with a fall of 7.93%, followed by the ordinary papers of the also retail chain Lojas Americanas (7.72%) and the ordinary papers of the Magazine Luiza stores (-6.55%).

At the other end, the state energy company Eletrobras, which is in the process of being privatized, led the day’s biggest gains, with a rise of 5.30% in its ordinary titles and 4.0% in the preferential ones.

The volume of business on the Sao Paulo stock market reached 26,307 million reais (about 5,597 million dollars) this Friday, as a result of 3,638,969 financial operations.