© Reuters. The Sao Paulo Stock Exchange chains second consecutive rise by gaining 0.41%
Sao Paulo, Nov 10 (.) .- The Sao Paulo Stock Exchange hit its second consecutive rise on Wednesday and advanced 0.41%, with its index, benchmark of the market, standing at 105,968 points at the close of the day, driven by the hikes in some of the main international squares.
Brazilian investors operated throughout the day with optimism, hardly reacting to the sharp rise in prices registered in Brazil in October.
Inflation in the Latin American giant last October reached its highest level for that month since 2002 and, in the last twelve months, it has already accumulated a rise of 10.67%.
Despite this, the Sao Paulo stock market ignored the turmoil and added 433 units to its main indicator, boosted by the energy sector and the banking sector.
As is usual in the Brazilian market, the preferred shares of the state oil company Petrobras (NYSE :), which lost 0.79%, and the common ones of the mining company Vale, which fell 0.38%, were the most traded of the session.
Already Bradesco (SA :), the second largest private bank in the country, led the biggest gains of the trading session, with an increase of 5.65% in its preferred papers and 4.72% in ordinary ones.
The ordinary securities of the state-owned Banco do Brasil (SA 🙂 also stood out among the highest increases, with an appreciation of 4.59%.
At the other end, the preferred shares of the petrochemical company Braskem were the ones that lost the most value this Wednesday, after sinking a significant 11.88%.
The ordinary papers of the Via retail network also ended the day in the red, with a drop of 6.50%, and the preferential papers of the Azul airline, with a decrease of 4.82%.
During the day of this Wednesday, the volume of business in the Sao Paulo Stock Exchange exceeded 32.120 million reais (about 5.841 million dollars).
In the foreign exchange market, the US dollar appreciated a slight 0.05% against the Brazilian real and ended the day trading at 5.499 reais for buying and selling at the commercial exchange rate.
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