The Sao Paulo Stock Exchange falls 1.60% weighed down by raw materials

Sao Paulo, March 14 (.).- The Sao Paulo Stock Exchange lost 1.60% on Monday and the index, the floor’s reference, closed with 109,927 points, weighed down by the fall in values ​​linked to the raw materials sector.

The Brazilian circle thus chained its third consecutive day in the red, after losing 0.21% on Thursday and another 1.72% last Friday.

In the foreign exchange market, the dollar appreciated 1.30% and closed at 5,118 reais for purchase and 5,119 reais for sale at the Brazilian commercial exchange rate, according to preliminary results.

Financial operators are still awaiting the economic impact of the Russian invasion of Ukraine and the results of the new round of negotiations between the two countries.

They are also waiting for the next decisions of the Central Bank of Brazil and the Federal Reserve of the United States in terms of monetary policy within a context of strong inflationary pressures.

Although this Monday what weighed the most on the Ibovespa’s mood was the drop in international prices for the and the , which caused significant losses for the values ​​of those segments.

In this context, CSN Mineraçao, the second largest exporter of iron ore in Brazil (-6.2%); The Compañía Siderúrgica Nacional (-5.8%) and the oil company PetroRio (-5.4%) were among those who lost the most in the session.

The mining giant Vale (-5.4%) and the state oil company Petrobras (NYSE:) (-1.9%), the two flagships of the square, whose papers were today the most traded of the day also closed in red .

By contrast, the shopping center operator JHSF (6.2%), the Brazilian subsidiary of the Santander Bank (MC:) (4.4%) and the basic sanitation company Sabesp (1.4%) were at the forefront of the gains in the São Paulo trading floor.

The volume traded on the Ibovespa reached 24.4 billion reais (about 4.8 billion dollars), in a total of 3,704,308 financial operations.