©Reuters. The Sao Paulo Stock Exchange rises 0.71% and returns to positive territory
Sao Paulo, May 19 (.).- The index, the main benchmark of the Sao Paulo Stock Exchange, rose 0.71% this Thursday and at the end of the session stood at 107,005 points, returning to the rise, according to data closing consolidations.
The Brazilian stock market ignored the negative climate of the stock markets abroad and, despite some volatility, ended the day on positive ground encouraged by the prospect of fewer restrictions in China, due to the coronavirus pandemic, and driven by companies of raw materials, such as steel.
The São Paulo parquet registered a financial volume of 24,741 million reais (about 5,032 million dollars) and totaled 3.5 million transactions.
With small oscillations during the day, the largest Latin American stock market by traded volume moved between a minimum score of 105,760 integers, when it lost 0.45%, and a maximum of 107,420 units, with a momentary rise of 1.10 %.
After a collapse of 2.34%, due to the international pessimism that infected the markets on Wednesday and that interrupted a streak of five consecutive sessions on the rise in the Brazilian stock market, the indicator added 758 units to its accumulated score this Thursday.
Earnings were led by the ordinary papers of the mining subsidiary of the steel company CSN, CSN Mineração, which rose 9.07%, followed by those of the parent company CSN itself (+7.20%) and of the technology company Locaweb (+5.31%).
Losses on the stock market, meanwhile, were led by the ordinary shares of the pet store chain Petz (-5.20%), followed by those of the same type of the medical insurance company Hapvida (-4.11%). ) and the electric motor manufacturer WEG (-3.41%).
The most traded securities on the day, among the 92 that make up the Ibovespa sight market, were the ordinary securities of the mining company Vale (+2.66%), one of the world leaders in iron production and export.
In the foreign exchange market, the dollar depreciated 1.28% against the real and ended the day trading at 4.916 reais for both purchase and sale at the Brazilian commercial exchange rate.