©Reuters. The Sao Paulo Stock Exchange yields 0.29% and interrupts a streak of seven consecutive increases
Sao Paulo, March 28 (.).- The Sao Paulo Stock Exchange fell 0.29% on Monday and put an end to a streak of seven consecutive sessions of gains, weighed down by the fall in values associated with the sector.
The benchmark index for the Brazilian parquet closed at 118,737 basis points, on an unstable day in which it was affected by the drop in crude oil prices on the international market.
He fell 6%, while Texas lost 7%, which impacted the price of the common and preferred shares of the state oil company Petrobras (NYSE:), which fell 2.6% and 2.2%, respectively, according to preliminary results.
PetroRio’s papers also closed in red, yielding 0.8%.
In addition to the oil market, economic operators are awaiting outbreaks of covid-19 in the Chinese city of Shanghai, where district confinements have been decreed.
In the foreign exchange market, the US dollar broke a sequence of eight consecutive declines in Brazil, appreciating 0.53% today and closing at 4.771 reais for purchase and sale, at the Brazilian commercial exchange rate.
All in all, the Sao Paulo stock market lost 343 units to its accumulated score, in a session in which it reached a turnover of about 22,340 million reais (about 4,700 million reais), in a total of 3,287,497 financial operations. .
In addition to Petrobras and PetroRio, the lodging portal Locaweb (-4.6%), Banco Pan (-3.3%) and the electricity company Copel (-3.3%), among others, also depreciated sharply.
On the contrary, the Minerva and Marfrig meat stocks were the ones that advanced the most at the start of the week, after rising 3.7% and 4.0%, respectively.
The most traded shares of the day were the preferred and common shares of Petrobras, as well as those of the mining giant Vale (+0.1%) and the department store Magazine Luiza (-1.0%).
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