The Sao Paulo Stock Exchange begins May in the red

Sao Paulo, May 2 (.).- The index, the main benchmark of the Sao Paulo Stock Exchange, fell 1.15% this Monday and at the end of the first session of the week and of the month stood at 106,638 points, according to the consolidated closing data.

The Brazilian stock market reduced losses in the final stretch of operations, which came to be close to 2.5%, as a result of the expectation of China’s economic data impacted by the confinement measures in the face of the coronavirus.

The São Paulo parquet registered a financial volume of 28,380 million reais (about 5,597 million dollars) and totaled almost 4.8 million transactions.

Always in negative territory, the largest Latin American stock market by traded volume moved between a maximum score of 107,883 integers, obtained at the opening of operations, and a minimum of 105,218 units, with a momentary drop of 2.46%.

After a decrease of 1.86% on Friday, the indicator subtracted 1,237 units from its accumulated score this Monday.

The gains were led by the ordinary papers of the Pao de Açúcar supermarket chain, which rose 4.87%, followed by those of the paper company Suzano (+2.94%) and the preferred ones of the petrochemical company Braskem (+2 .31%).

On a negative day for the airline sector, the losses in the stock market were led by the preferred shares of the Azul airline (-7.19%), seconded by those of the same type of Banco Pan (-6.09%) and of the airline Gol (-5.98%).

The most traded securities on the day were the ordinary ones of the mining company Vale (-0.44%), one of the world’s largest producers and exporters of iron.

In the foreign exchange market, the dollar appreciated by 2.60% against the real and ended the first day of May trading at 5,070 reais for both purchase and sale at the Brazilian commercial exchange rate.