© Reuters. The Sao Paulo stock market advances 1.12% boosted by Petrobras
Sao Paulo, Jan 4 (EFE) Brazilian oil company ruled out direct intervention in fuel prices.
The index, a reference for the parquet, closed with 105,334 points on its first day of 2023 in green, after the sharp falls registered on Monday (-3.06%) and Tuesday (-2.08%), amid fears by the first economic measures of the Government.
The foreign exchange market stabilized and today the US dollar appreciated just 0.01% to end up changing to 5,451 reais for purchase and 5,452 reais for sale, at the commercial exchange rate.
Financial agents regained some of their confidence in the face of new announcements from the government of President Lula, who took power last Sunday.
On the one hand, Senator Jean Paul Prates, nominated by Lula to preside over Petrobras, affirmed that “no one” ever spoke of intervening in the price of fuels, which, according to him, will be associated with the international market “in some way.”
However, in the last electoral campaign, Lula promised to end the “dollarization” of the price of hydrocarbons.
In this context, the preferred and common shares of Petrobras, which is controlled by the Brazilian state but has shares traded in Sao Paulo, New York and Madrid, rose 3.2% and 1.7%, respectively.
In addition to the oil company, the titles of the Natura group (8.9%), the CVC Brasil travel agency (6.8%) and the Pao de Açúcar supermarket chain (4.9%) also advanced.
On the other hand, stock market operators were also encouraged by the statements by the Minister of the Presidency, Rui Costa, who stressed that they are not considering reviewing the pension reform approved during the administration of now former President Jair Bolsonaro.
The volume traded on the Ibovespa reached 25,500 million reais (almost 4,700 million dollars), in 4,198,220 financial operations, according to the preliminary results of the session.
In the field of losses were the papers of the agricultural firm SLC Agrícola (-1.8%), the metallurgical company Gerdau (-0.5%) and the oil company PetroRio (-0.6%).
The most traded titles were the preferred ones of Petrobras (3.2%).