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© Reuters. The Sao Paulo Stock Exchange yields 1.38% despite the strong rise in airlines
Sao Paulo, Mar 9 (.).- The Sao Paulo Stock Exchange fell 1.38% this Thursday and the , the reference index of the parquet, closed with 105,071 basic points, despite the expressive rise of more than 10% of the Brazilian airlines Azul and Gol.
The São Paulo ring, the largest in Latin America by business volume, experienced a day of great fluctuations, influenced by a negative foreign scenario, which accelerated the losses in the final stretch of the session with Wall Street tinged in red.
In the foreign exchange market, the US dollar appreciated a slight 0.04% and ended up trading at 5,140 reais for purchase and 5,141 reais for sale at the Brazilian commercial exchange rate.
Economic operators continue to monitor the meetings of the economic team of Brazilian President Luiz Inácio Lula da Silva on the new fiscal framework, which must be presented before the end of March.
The Minister of Planning, Simone Tebet, returned today to send a message of calm to financial agents by assuring that the new fiscal rule “will please everyone, including the market.”
Despite this, the market settled on negative ground, in a new disastrous day for the Hapvida health plan operator, whose papers plummeted almost 29%.
Similarly, the titles of the National Steel Company and the oil company 3R Petroleum fell 5.0% and 3.6%, respectively, as did those of the mining giant Vale (-0.7%).
The push of Azul (+19%) and Gol (+10.7%), as well as the travel agency CVC Brasil (+13.6%), after the record foreign tourism data in January, did not make it possible the change of sign in the Brazilian stock market.
The volume traded during the session exceeded 26,700 million reais (about 5,160 million dollars), in 3.9 million financial operations, according to preliminary results released at the close.
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