©Reuters. The Sao Paulo stock market chains the seventh consecutive fall
Sao Paulo, Apr 26 (EFE) .- The index, the main reference of the Sao Paulo stock market, fell 2.23% this Tuesday and at the end of the session stood at 108,212 points, in its seventh consecutive day to the low, according to the consolidated closing data.
In its worst sequence since 2016, the Brazilian stock market on Tuesday followed the negative trend of the main stock markets in the world, fearful of the consequences of the severe confinement measures in China due to the coronavirus.
In the foreign exchange market, the real ended the day trading at 4,989 reais for purchase and 4,990 reais for sale at the commercial exchange rate, exceeding 5 reais at certain times of the day.
The revaluation of the dollar caused the Central Bank of Brazil to intervene this Tuesday, for the third consecutive time and without success, with an auction of foreign exchange contracts for sale in the future “swap” market (financial swap).
The São Paulo trading floor recorded a financial volume of 27,856 million reais (about 5,582 million dollars) on Tuesday and totaled almost 4.2 million transactions.
Always in negative territory, the largest Latin American stock market by traded volume moved between a maximum score of 110,684 integers, obtained at the opening of operations, and a minimum of 107,977 units, with a momentary drop of 2.44%.
After a decrease of 0.35% on Monday, the indicator subtracted another 2,472 units from its accumulated score on Tuesday.
Gains were led by oil companies PetroRio and Petroleum, which rose 2.47% and 2.24%, respectively, followed by similar papers from CPFL (SA:) Energia (1.84%).
On a negative day for the technology sector, losses on the stock market were led by the ordinary shares of the technology companies Locaweb (-8.32%) and Totvs (-6.50%), seconded by the unit shares of Banco Inter (-6.37%).
The most traded securities on the day were the ordinary ones of the mining company Vale (-1.37%), one of the world’s largest producers and exporters of iron.