© Reuters. Sao Paulo stock market closes in the red after request to invalidate presidential elections
Sao Paulo, Nov 22 (.).- The Sao Paulo Stock Exchange fell 0.81% this Tuesday weighed down by internal affairs in Brazil, where Petrobras (NYSE:) and the request presented by the Liberal Party – formation of Jair Bolsonaro weighed. – to invalidate the presidential elections that gave victory to Luiz Inácio Lula da Silva last October.
The index, the main reference for the parquet, closed at 109,036 points, despite having started the day optimistic.
In the foreign exchange market, the dollar appreciated 1.24% and closed at 5,375 reais for purchase and 5,376 reais for sale at the commercial exchange rate.
Investors reacted negatively to the announcement that came out at noon that members of the transition team requested to stop Petrobras’ structural decisions, such as the sale of assets, which made its preferentials close in red (-0.98%), which were also the most traded of the day.
Added to this was the Liberal Party’s request to the electoral authorities to “invalidate” the results of 61% of the electronic ballot boxes used in the presidential elections last October, for being older models that, as they explained, “cannot be audited “.
The ballot boxes were inspected and endorsed by numerous official bodies, including the Armed Forces, which found no evidence of fraud in their report on the elections, but did not rule out the possibility that it could have occurred either.
Among the strongest losses of the day were the preferred shares of the Brazilian airline Azul (-4.87%), followed by the ordinary shares of the leather products company Arezzo (-4.87%).
The gains, for their part, were led by the steel companies, with Usiminas in the lead, whose preferentials appreciated by 3.92%, followed by the ordinary ones of the Compañía Siderúrgica Nacional (+3.52%) and the preferential ones of the giant Gerdau (+3.49%).
During the day, 28,036 million reais (about 5,220 million dollars) were traded as a result of more than 3.7 million financial transactions.
