© Reuters. The Sao Paulo Stock Exchange ignores pessimism abroad and advances 0.72%
Sao Paulo, Nov 09 (.) .- The Sao Paulo Stock Exchange rose 0.72% on Tuesday and its index, the benchmark for the stock market, stood at 105,535 points at the close of the day, encouraged by Petrobras (NYSE 🙂 and oblivious to pessimism in global markets.
Despite the day of strong volatility, marked by the expectation of investors before a vote that could decide the fiscal course of Brazil, the São Paulo group managed to add 753 units to its main indicator, in a session in which the papers of Petrobras and Vale were the most negotiated.
While the preferred shares of the state oil company, the largest company in the country, advanced by 1.99%, in line with the rises in international prices, the ordinary shares of the mining giant were devalued by 2.46%, therefore they were also among the biggest losses of the day.
However, it was the ordinary securities of the oil company PetroRio that lost the most today, with a fall of 4.54%, followed by the unitary securities of the investment bank BTG Pactual (-4.18%) and the preferential ones of the Gol airline (-3.41%).
On the other side of the coin, the common shares of the magazine Luiza stores led the biggest gains of the trading session this Tuesday, with a rise of an expressive 10.06%.
Likewise, the ordinary papers of the retail trade networks Lojas Americanas, which advanced 7.65%, and Via, which in turn appreciated 6.80%, also ended the day in positive territory.
The volume of business on the Sao Paulo stock exchange on Tuesday exceeded 27,525 million reais (about 5,008 million dollars), the product of some 4,337,068 financial transactions.
In the exchange market, the US dollar depreciated 0.80% against the Brazilian real and ended the day trading at 5.496 reais for buying and selling at the commercial exchange rate.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
