© Reuters. The Sao Paulo Stock Exchange rose 3.37% in the first month of Lula’s government
Sao Paulo, Jan 31 (EFE).- The Sao Paulo stock market rose 1.03% on Tuesday and ended the day at 113,430 points, with which the reference index of the largest Latin American market accumulated an appreciation of 3, 37% in January, the first month of the government of President Luiz Inácio Lula da Silva.
Despite having operated in the first days of the government of the progressive leader with heavy losses in reaction to statements in which Lula questioned his commitment to reducing public spending, the parquet recovered throughout the month due to more reassuring messages of the Minister of Economy, Fernando Haddad.
Precisely some statements by Haddad this Tuesday about the possibility that the Government present in April a new tool to reduce the fiscal deficit helped the Ibovespa to close in positive after three days of losses.
In the exchange market, the dollar ended the trading day at 5.0748 reais for purchase and 5.0750 reais for sale, with a depreciation of 0.78% against the Brazilian currency.
In the first month of the government of the progressive leader, the dollar accumulated a depreciation of 3.85%, after ending last year at 5,278 reais for sale.
In addition to Haddad’s statements, the expectation that the central banks of the United States and Brazil will soften their monetary policies in the meetings that they will have on Wednesday to define the new basic interest rates in both countries contributed to the good result of the market this Tuesday. countries.
The Ibovespa also rose encouraged by Wall Street and thanks to a strong recovery in the values of Brazilian banks, mainly Itaú.
The most traded shares today were the common shares of the mining company Vale, which lost 0.49%, followed by the preferred shares of the oil company Petrobras (NYSE:), which rose 1.24%, and the preferred shares of Itaú, which 1.56% were appreciated.
The papers of the Ibovespa index that ended with the biggest increases this Tuesday were the ordinary ones of the educational group Cogna (10.19%) and the ordinary ones of the health insurance operator HapVida (9.57%), while the biggest falls were The regulars of the Assai supermarket chain (-5.44%) and the regulars of the meat giant JBS (-3.97%) suffered.
The volume traded today by the São Paulo stock market was 25,452 million reais (about 5,020 million dollars) in 3,994,489 operations.