©Reuters. The Sao Paulo Stock Exchange falls 1.79% with global risk aversion
Sao Paulo, May 9 (.).- The Sao Paulo stock market lost 1.79% this Monday and its index, a benchmark for the parquet, stood at 103,250 points, on a day marked by the caution of investors before the overall risk aversion.
The market remains attentive to the war in Ukraine and the rise in prices, while also continuing international concern about the severe confinements in China due to the new outbreaks of covid-19.
In the midst of a context of uncertainty, the papers of the state oil company Petrobras (NYSE:) and those of the mining company Vale, the two flagships on the floor, closed in the red and were the most sought after by investors in the session, which contributed to the fall of the indicator.
Petrobras’ preferential prices fell 2.87%, after the sharp fall in the international market, while Vale’s ordinary prices, one of the world’s largest iron ore exporters, fell 4.34%.
The preferred securities of Itaú, the country’s largest private bank (-2.19%), also closed in negative, despite the fact that the entity announced that its net profit increased by 15% in the first quarter of the year, to 7,361 million reais (about 1,472.2 million dollars).
The losses, however, were led by e-commerce technology company Locaweb, whose common shares plunged 14.29%.
In the opposite field, the papers that rose the most were those of the BTG bank, which climbed 4.02%.
During the day, 29,078 million reais (about 5,646 million dollars) were traded, as a result of 4,516,673 financial transactions.
In the foreign exchange market, the dollar jumped 1.59% against the real and was traded at 5.155 reais for both purchase and sale at the commercial exchange rate.