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© Reuters. The Sao Paulo Stock Exchange opens the week in the red under pressure from Petrobras
Sao Paulo, Mar 20 (EFE).- The Sao Paulo stock market opened the week in red by falling 1.02% this Monday and its reference index closed at 100,922 points, the lowest level since the end of last July, weighed down by Petrobras (NYSE:), one of its main values.
The papers of the state oil company suffered a sharp fall in the day and while the ordinary ones depreciated 2.35% and the preferential ones fell 2.47% and were among the most traded.
Investors also closely followed the purchase announcement of the Swiss credit (SIX:) by the UBS (SIX:) and they were forewarned of the new fiscal adjustments that the Government of Luiz Inácio Lula da Silva will announce in these days.
Mining giant Vale once again topped the list of the most traded, with its common shares closing at 0.82%.
The group also included the preferentials of the Bradesco bank (BVMF:), which continued the streak of last week (-1.73%), while those of Itaú managed to go green (0.26%) this Monday .
The highest gains of the day were for the company that produces ethanol and Sao Martinho, whose ordinary shares appreciated by 4.03%, and for the similar ones of the Compañía Siderúrgica Nacional (1.52%).
On the opposite side were the ordinary titles of the health plan administrator Hapvida (-8.02%), followed by the same of the meat giant JBS (-7.27%).
In the foreign exchange market, the dollar depreciated 0.52% and closed at 5,241 reais for purchase and 5,242 reais for sale, at the commercial exchange rate.
During the day, more than 18,911 million reais (about 3,608 million dollars) were traded as a result of more than 3.5 million financial transactions.
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