© Reuters. The Sao Paulo stock market falls 1.39% and has three sessions in the red
Sao Paulo, Nov 17 (EFE) .- The index, the main reference of the Sao Paulo stock market, fell 1.39% this Wednesday and at the end of the day it stood at 102,948 points, in its third consecutive session in numbers red, according to the consolidated data of the stock market close.
The Brazilian market remains attentive to the local scenario, after the Government cut its forecast of growth of the gross domestic product (GDP) from 5.30% to 5.10% for this 2021 and revised up inflation with the which will close the year to 9.70% (before 7.90%).
The São Paulo stock market this Wednesday scored a financial volume of 38,038 million reais (about 6,884 million dollars) and totaled more than 4.8 million transactions.
With some oscillations during the day, the largest Latin American stock market by volume traded moved this Wednesday between a maximum score of 105,535 integers, when it advanced 1.08%, and a minimum of 102,551 units, with a momentary fall of 1 , 77%.
After a decrease of 1.82% in the session on Tuesday, weighed down by signs of the fragility of the Brazilian economy, the indicator this Wednesday subtracted another 1,455 units from its accumulated score.
The gains were led by the ordinary papers of the e-commerce platform Meliuz Cash, which climbed 4.49%, followed by the similar ones of the pharmacy network Raia-Drogasil (1.35%) and the preferential ones of the shoe manufacturer Alpargatas (1.28%).
The losses in the stock market were led by the ordinary shares of the technology company Locaweb (-9.44%), seconded by the unitary (-7.32%) and the preferential (-6.68%) of Banco Inter.
Behind were the ordinary papers (-6.63%) and preferential (-6.61%) of the state electricity company Eletrobras, which reported a net profit of 5,104 million reais (about 930 million dollars) in the accumulated for the year until September.
The result is equivalent to a 13% increase compared to the same period of 2020, but despite the increase in the accumulated annual, the net profit registered only in the third quarter was 965 million reais (175.7 million dollars), a 66% drop compared to the same period last year.
The most traded securities on the day were the preferential ones of the state oil company Petrobras (NYSE 🙂 (-2.53%).
In the foreign exchange market, the dollar appreciated 0.46% against the real and ended the day trading at 5.524 reais for both buying and selling at the Brazilian commercial exchange rate.
