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©Reuters. The Sao Paulo stock market advances 1.81% and links five consecutive rises
Sao Paulo, Aug 8 (EFE) .- The Sao Paulo stock market gained 1.81% this Monday to chain its fifth consecutive rise, boosted by airlines, private health and the state oil company Petrobras (NYSE:), whose shares soared about 5%.
The benchmark index for the parquet closed at 108,402 basis points, in a session in which it managed to distance itself from the mixed results on Wall Street.
In the foreign exchange market, the US dollar depreciated 1.06% and ended up trading at 5.111 reais for purchase and 5.112 reais for sale, at the Brazilian commercial exchange rate.
Financial operators started a week with some optimism in which the main powers will release indicators that will serve as a scale to see the state of global economic activity.
The fear of a recession, in the midst of a general rise in interest rates to try to contain runaway inflation on half the planet, is still on the radar of stockbrokers, who are encouraged by any sign of improvement.
All in all, the Sao Paulo stock market today added almost 2,000 units to its accumulated score.
Among the largest increases were the shares of the airlines Gol (6.4%) and Azul (6.1%), as well as those of Petrobras, whose ordinary and preferred shares rebounded 4.8% and 5.0%, respectively, in line with international prices for .
The private health sector also advanced strongly, with increases for Hapvida (5.9%), the “SulAmérica” group (6.5%) and the D’Or hospital network (6.6%).
On the contrary, the meat company JBS (-3.6%), the digital platform Locaweb (-2.3%) and the construction company MRV (-1.9%) led the losses of the day.
The traded volume approached 30,000 million reais (almost 5,900 million dollars), in 4,051,408 financial operations, according to preliminary results at the end of the session.
The most traded shares were the preferred shares of Petrobras (5.0%) and the ordinary shares of the mining company Vale (0.8%).
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