©Reuters. The Sao Paulo Stock Exchange adds its fifth rise driven by abroad
Sao Paulo, May 17 (.).- The Sao Paulo Stock Exchange chained its fifth consecutive rise this Tuesday by rising 0.51% and its index stood at 108,789 points, encouraged by foreign markets.
Investors were optimistic about the intention of the Shanghai authorities to “completely” recover “normality” before the end of June, after a month and a half – in some areas, more than two months – of strict confinement in the face of its worst outbreak of covid since the start of the pandemic.
Despite the announcement by China, the main buyer of Brazil’s raw materials, the large stocks of the Brazilian stock market closed on Wednesday in negative territory.
The preferential papers of Petrobras (NYSE:), the most traded of the day, fell 1.30%, while the ordinary ones of the Vale mining company, one of the largest iron exporters in the world, depreciated 0.55 %, according to preliminary data
The titles that fell the most, however, were those of the health insurance operator Hapvida, which dropped 17.09%, followed by similar ones from the Magazines Luiza chain of stores (-11.01%).
The shares of the technology company Locaweb, which led the losses the day before, jumped to the other side of the field today and led the biggest gains of the day, with a rise of 10.78%.
The São Paulo parquet registered a financial volume of 29,860 million reais (about 6,093 million dollars) and totaled 4,345,529 million transactions.
In the exchange market, the dollar returned to below 5 reais in Brazil after losing 2.15% in the session. The greenback was traded at 4,940 reais for purchase and 4,941 reais for sale in Brazil.