© Reuters. The Sao Paulo Stock Exchange returns to negative territory and loses 1.12%
Sao Paulo, Dec 1 (.) .- The Sao Paulo Stock Exchange closed again with losses and fell 1.12% this Wednesday, with its index, the benchmark of the stock market, falling to 100,774 points at the close of the day, in means of caution in the face of the Brazilian government’s fiscal agenda and the new variant of coronavirus.
Investors operated a day more attentive to the votes in Parliament on fiscal maneuvers by the Government of Jair Bolsonaro to increase public spending in 2022, when presidential elections will be held in the country and in which the president will seek re-election.
Likewise, the arrival of the omicron variant of the coronavirus in Brazil weighed, after the authorities confirmed the day before the first two cases, and, this same Wednesday, the third infection by the new strain, which also means the arrival of this lineage. to Latin America.
In the exchange market, the US dollar appreciated 0.59% and closed at its highest value for the day, trading at 5,670 reais for buying and selling at the commercial exchange rate.
In the trading session, the preferred shares of the state oil company, which advanced 0.58%, and the common ones of the mining company Vale, which rose 0.40%, were the most traded.
The biggest losses of the day were already led by the ordinary titles of the Magazine Luiza stores, which fell by a strong 11.79%, followed by the ordinary titles of the Meliuz discount coupon platform, which fell by 11.37%, and those of the same type from the Locaweb hosting portal (-9.93%).
At the other end, the papers that recorded the highest gains were the preferential ones of the petrochemical company Braskem (+ 5.45%), the ordinary ones of the Suzano paper mill (+ 3.37%) and the preferential ones of the steel company Gerdau (+ 1.43%).
The volume of business on the Sao Paulo stock exchange reached 35,177 million reais (about 6,204 million dollars) this Wednesday, the product of 5,745,434 financial operations.
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