©Reuters. The Sao Paulo Stock Exchange falls 0.47% and ends seven consecutive rises
Sao Paulo, Aug 11 (.).- The Sao Paulo Stock Exchange lost 0.47% this Thursday and put an end to a streak of seven consecutive sessions in green, dragged down by the instability experienced on Wall Street and the heavy losses of the Brazilian meat company BRF.
The benchmark index for the parquet closed at 109,717 basis points, in a day also of profit taking after a whole week in positive.
In the foreign exchange market, the US dollar appreciated by 1.42% and ended the session trading at 5.156 reais for purchase and 5.157 reais for sale, at the Brazilian commercial exchange rate.
Financial operators continue to digest the fall in inflation in Brazil and the United States, which encourages them to think about a less aggressive monetary policy.
On the national stage, the balance sheets of the companies mark the mood of the largest stock market in Latin America.
Stockbrokers received with regret the results of BRF, one of the largest exporters of chicken meat in the world, which presented losses of 2,050 million reais (about 400 million dollars) in the first half, 845% more compared to same period of 2021.
In the second quarter alone, it lost 468 million reais (91 million dollars), 94.9% more than between April and June of last year, a figure that exceeded what was expected by the financial market.
In this sense, the ordinary shares of the meat firm plummeted 12.6% and led the losses of the day.
The construction company MRV fell 11.0%, in line with the network of retail trade Americanas (-9.4%) and Petz pet stores (-9.0%).
On the contrary, other stocks in the meat sector, such as Minerva (+7.3%) and Marfrig (+5.4%), as well as the state-owned Banco do Brasil (BVMF:) (+4.4%) resisted in the green. %) and mining giant Vale (+3.5%).
The traded volume was around 35,000 million reais (6,800 million dollars), in 4,401,085 financial operations, according to preliminary results at the end of the session.
The most traded titles were the preferred ones of the oil company Petrobras (NYSE:) (-2.3%) and the ordinary ones of Vale (+3.5%).