The Sao Paulo stock market closes April with a cumulative drop of 10.1%

Sao Paulo, Apr 29 (EFE) .- The Sao Paulo stock market lost 1.86% in the session this Friday and closed with an accumulated fall of 10.1% in a month of April in which it suffered from the anxiety international and the institutional tension that Brazil is going through.

This is the first month of the year that the São Paulo market ends in the red.

The , the benchmark index for the parquet, ended with 107,876 basis points on a day that started with optimism, due to a new rise in raw materials, but which changed sign abruptly in line with Wall Street.

In the last week alone, the São Paulo square lost 2.88%.

In the foreign exchange market, the US dollar appreciated a slight 0.02% in Brazil today and ended up trading at 4.941 reais for purchase and 4.942 reais for sale, at the Brazilian commercial exchange rate.

The greenback gained 2.8% in the last week, while in the entire month of April it appreciated 3.8% against the Brazilian currency.

Overcome the ‘boom’ of raw materials that caused notable increases in the Sao Paulo stock market and a sharp drop in the dollar, in the midst of the Russian invasion in Ukraine, financial agents have moved in the field of caution this last month .

This aversion to risk is related to the new outbreaks of covid-19 in China, the bloody war in Ukraine, the possible acceleration of the interest rate curve in the United States and, in a national key, with the institutional crisis between the president Brazilian, Jair Bolsonaro, and the Judiciary.

The icing on the cake came this Friday with a drop of 1.86%, which put an end to two consecutive rises, which then shelved seven consecutive negative sessions.

The financial volume today reached 34,500 million reais (almost 7,000 million dollars), in a total of 4,177,747 financial operations, figures that reflect high volatility.

Leading the gains on the Ibovespa were the real estate investment company Multiplan (4.0%), the oil companies 3R Petroleum (2.7%) and PetroRio (1.6%), and the construction products manufacturer Dexco ( 1.9%).

On the contrary, Banco Inter (-7.2%), the digital hosting portal Locaweb (-6.1%) and the financial company Cielo (-5.8%), among other values, fell sharply, according to the preliminary results at the end of the session.

The most traded titles were the ordinary ones of the mining giant Vale (-1.0%) and the preferential ones of the state-owned Petrobras (NYSE:) (+0.07%).