©Reuters. The Sao Paulo Stock Exchange falls again, weighed down by the mining sector
Sao Paulo, May 10 (.).- The Sao Paulo Stock Exchange closed in red again this Tuesday and lost 0.14%, with its benchmark index of the parquet, standing at 103,109 points at the end of the day, weighed down by the mining sector.
The São Paulo market today maintained its downward trend observed in recent weeks and, in the bad run, reversed the gains accumulated so far this year.
The ordinary shares of the mining company Vale, one of the flagships of the Brazilian market, were the most traded in the trading session and ended the day with a fall of 1.24%, followed by the preferred shares of the state oil company Petrobras (NYSE :), which in turn advanced 0.87%.
The mining sector also stood out in the negative terrain, with a good part of the country’s mining companies appearing among the biggest falls of the day.
This was the case of the Compañía Siderúrgica Nacional, which led the biggest losses of the day with a depreciation of 7.16% in its ordinary shares.
The preferential papers of the Usiminas producer, which fell by 6.78%, and the ordinary ones of the steel company CSN, which were devalued by 5.82%, also ended the day in the red.
On the other side of the coin, the unit titles of the digital bank Inter led the biggest gains this Tuesday, climbing a remarkable 9.14%.
Behind Inter, the shares that gained the most value today were the ordinary cosmetics manufacturer Natura, which advanced 8.73%, and the ordinary pet store Petz, which rose 7.29%.
The volume of business on the Sao Paulo stock market reached 25,996 million reais (about 5,063 million dollars) on Tuesday, as a result of 3,921,915 financial transactions.
In the foreign exchange market, the US dollar depreciated 0.40% against the Brazilian real and ended the day trading at 5.134 reais for purchase and sale at the commercial exchange rate.