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©Reuters. The Sao Paulo Stock Exchange loses 0.88% and chains its fourth consecutive fall
Sao Paulo, March 15 (.).- The Sao Paulo Stock Exchange fell 0.88% this Tuesday and chained its fourth consecutive fall, with its index, a benchmark for the parquet, standing at 108,959 points at the close of the day, weighed down by a day more for the sectors linked to raw materials.
Brazilian investors returned to operate cautiously amid the impacts left by the Russian invasion of Ukraine and pending a new round of negotiations between the two countries, scheduled for tomorrow, Wednesday.
Assets from commodity-linked sectors stood out on the negative side today, with four of some of the country’s big mining companies appearing among the top five stocks that lost value the most on the day.
This was the case of the ordinary securities of CSN Mineraçao, the second largest exporter of Brazil (-5.3%); Gerdau preferentials (-4.5%); of the preferential ones of Usiminas (-4.3%) and of the ordinary ones of the Compañía Siderúrgica Nacional (-4.2%).
Likewise, the ordinary papers of the giant Vale, the largest iron exporter in the country, were the most traded of the day and ended with a drop of 2.87%, along with the preferential ones of the state oil company Petrobras (NYSE:), which they in turn lost 2.42%.
On the other side of the coin, the preferred shares of the Azul airline led the biggest gains of the trading session, appreciating 6.91%.
Petz pet store commons followed, rising 5.87%; the ordinary ones of the card company Cielo, which advanced 5.33%, and the ordinary ones of the cosmetics manufacturer Natura, which gained 5.16%.
The volume of business on the Sao Paulo stock market reached 30,655 million reais (about 5,943 million dollars) on Tuesday, as a result of 4,742,489 financial operations.
In the foreign exchange market, the US dollar appreciated 0.77% against the Brazilian real and ended the day trading at 5.158 reais for purchase and sale at the commercial exchange rate.
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