The Sao Paulo Stock Exchange closes in red despite the rise of Petrobras

Sao Paulo, March 10 (.).- The Sao Paulo Stock Exchange lost 0.21% this Thursday and its index, a benchmark for the parquet, stood at 113,663 points, in a day of position adjustment and despite the rise in the state-owned Petrobras (NYSE:).

The losses were led by the aircraft manufacturer Embraer (SA:), whose preferred shares plummeted 14.93% despite the good results of 2021, disclosed the day before.

The company reduced its losses by 93% last year, while in the last quarter of 2021 it registered a net profit of 327.2 million reais (about 65.4 million dollars), which more than reversed the losses. for 179.7 million reais (about 35.9 million dollars) that it suffered in the third quarter.

However, according to analysts, the company reported worse than expected results in the last quarter.

On the earnings side, the papers that rose the most were the preferential ones of the steel company Gerdau, which advanced 4.61%, followed by the ordinary ones of the health insurance administrator Qualicorp (+4.18%) and the preferential ones of the state oil company Petrobras, which appreciated by 3.50%.

The rise in Petrobras papers comes after the company announced on Thursday an 18.8% increase in gasoline prices, which was interpreted as a direct consequence of the impact of the Russian invasion of Ukraine on the market. international of .

Thus, the assets of the state oil company were also among the most traded in the session, along with the ordinary ones of the Vale mining company, which advanced 3.30%.

During the trading day, 31,176 million reais (6,235 million dollars) were traded, as a result of 4,223,308 financial transactions.

In the foreign exchange market, the dollar appreciated 0.10% against the real and was traded at 5.015 reais for purchase and 5.016 reais for sale at the commercial exchange rate.