©Reuters. The Sao Paulo Stock Exchange advances 1.80%, driven by the oil sector
Sao Paulo, March 2 (.).- After two days without operations due to the carnival festivities in Brazil, the Sao Paulo Stock Exchange advanced 1.80% this Wednesday and its index, a reference for the parquet, stood at 115,173 points at closing of the day, promoted by the oil companies.
Despite the war in Ukraine, the São Paulo trading floor accompanied the main international markets in a half-day session in which the country’s main crude oil companies, including the state-owned Petrobras (NYSE:), benefited from the increase in international prices.
The ordinary shares of the oil company 3R Petroleum led the biggest gains of the day, appreciating a strong 12.93%, followed by the ordinary shares of PetroRio, which in turn gained 9.02%.
The ordinary papers of the mining giant Vale, with a rise of 7.99%, were also among those that gained the most value this Wednesday, in addition to leading the most traded titles of the day.
Next to Vale among the most sought-after assets today were also the preferential ones of the state oil company Petrobras, which were valued at 1.97%.
On the negative side, on the other hand, the ordinary shares of the Ambev brewery were the ones that depreciated the most on the day, with a fall of 4.47%.
The ordinary securities of the cosmetics manufacturer Natura also ended the day in red, down 4.02%, and the ordinary securities of the card company Cielo, which lost 3.89%.
The volume of business on the Sao Paulo stock market reached 28,120 million reais (about 5,508 million dollars) this Wednesday, as a result of 3,781,111 financial transactions.
In the foreign exchange market, the US dollar depreciated 0.99% against the Brazilian real and ended the day trading at 5.105 reais for purchase and sale at the commercial exchange rate.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.