©Reuters. The Sao Paulo Stock Exchange closes stable with a sharp fall in banking
Sao Paulo, May 25 (.).- The Sao Paulo Stock Exchange closed this Wednesday stable (0.00%) and could not follow the wake of Wall Street and the rest of the markets, in a volatile session in which one of the big losers was the banking sector.
The benchmark index for the Brazilian parquet, closed with 110,579 basis points, after sailing practically throughout the day in negative, rebounding almost 0.3% in the last section and finally ending up in neutral territory.
In the foreign exchange market, the US dollar appreciated by 0.16% and ended up trading at 4.819 reais for buying and buying, at the Brazilian commercial exchange rate.
Financial agents were awaiting the minutes of the last meeting of the United States Federal Reserve (Fed), which anticipated another two half-point increases in interest rates in the coming months to put a stop to persistent inflation.
However, stock market operators expected a much harsher tone from the North American issuer and, in this sense, the São Paulo market did not suffer excessively and closed stable.
The traded volume reached around 23,000 million reais (about 4,800 million dollars), in a total of 3,250,311 financial operations, according to preliminary results at the end of the session.
Leading the gains on the Ibovespa were the papers of the VIA retail network (+6.3%), the construction company MRV (+3.8%) and the insurance company SulAmérica (+3.6%).
On the other shore, the biggest losses were recorded by the Inter and PAN banks, as their shares fell by 6.4% and 5.3%, respectively.
The papers of Itaú (-1.8%), Bradesco (SA:) (-1%) and Santander (BME:) Brazil (-2.6%), the three largest private banks in the South American country, also depreciated, while the same as the securities of the state-owned Banco do Brasil (SA:) (-0.6%).
The most traded shares were preferred shares of state oil company Petrobras (NYSE:) (+1.4%) and common shares of mining giant Vale (+0.3%).