©Reuters. The Sao Paulo Stock Exchange sinks 2.52%, weighed down by Petrobras and airlines
Sao Paulo, March 7 (EFE) .- The Sao Paulo stock market sank 2.52% this Monday and its index, a reference for the parquet, stood at 111,593 points, according to preliminary data at the end of the day, weighed down by airlines and the oil sector, amid concerns about the escalation in the price of .
The state oil company Petrobras (NYSE:), the largest company in Brazil, ended the day with a 7.60% drop in its preferred shares and 8.63% in ordinary shares, after statements by Brazilian President Jair Bolsonaro , in which he criticized the company’s pricing policy and stated that he would discuss “measures” to contain the rise in values.
The titles of the Azul and Gol airlines, two of the three main airlines in the country, led the biggest losses of the day, with falls of 17.77% and 16.82%, respectively.
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