©Reuters. The Sao Paulo Stock Exchange falls almost 2% pending the future of Petrobras
Sao Paulo, Apr 5 (.).- The Sao Paulo Stock Exchange fell 1.97% this Tuesday, weighed down in part by the uncertainty surrounding the state oil company Petrobras (NYSE:), whose candidate for president resigned to avoid a possible conflict of interest.
The , the benchmark index for the parquet, closed with 118,885 points, in a session in which it reported slight gains at the start, but ended up giving way, also affected by the bad mood on the foreign scene, with the war in Ukraine as a backdrop.
In the foreign exchange market, the US dollar, after reaching its lowest value in Brazil since the outbreak of the coronavirus, more than two years ago, appreciated 1.13% today and closed at 4.659 reais for purchase and sale , at the commercial exchange rate.
Caution reigns among the financial agents in the São Paulo market, while the Government resolves the impasse in the leadership of Petrobras, controlled by the State, although with shares traded in New York, Sao Paulo and Madrid.
Brazilian President Jair Bolsonaro proposed economist Adriano Pires to head the oil company, the country’s largest company, but he withdrew on Monday night to avoid a possible conflict of interest over the business of one of his companies.
The Government is now looking for a substitute to lead the state company, whose ordinary and preferred shares fell again this Tuesday by 0.1% and 1%, respectively.
Other large stocks of the Ibovespa also registered losses this day, such as the mining giant Vale (-2.9%) and Itaú, the largest private bank in the country (-2.0%).
Although the worst results were recorded by Banco Inter (-8.9%), the health insurance firm Qualicorp (-7.3%) and the lodging portal Locaweb (-6.7%).
By contrast, the shares that rose most strongly were those of the real estate investment company Multiplan (2.1%), followed by 3R Petroleum (1.4%) and the travel agency CVC Brasil (1.3%). .
The volume traded during the session exceeded 28.2 billion reais (about 6.05 billion dollars), in a total of 3,923,171 financial operations, according to preliminary results.
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