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©Reuters. The Sao Paulo stock market falls 2.22% pushed by bank actions
Sao Paulo, Nov 9 (.).- The Ibovoespa index, a reference indicator of the Sao Paulo stock market, fell 2.22% this Wednesday and closed at 113,580 points, pushed by actions in the banking and commerce sectors retail.
The preferred shares of the banks Bradesco (BVMF:) (-17.38%) and Itaú (-4.80%) were the most traded on the day, followed by the ordinary shares of the mining company Vale (-1.22%) and those of the preferential rate of the state oil company Petrobras (NYSE:) (-1.65%).
Bradesco shares recorded the biggest daily drop in 24 years, after the disclosure of third quarter results below market expectations.
The bank’s recurring profit between July and September was 5,220 million reais (about 1,007 million dollars), 22.8% less compared to the same quarter of 2021.
According to the consolidated data, the trading floor, which always operated in negative territory, registered a financial volume of 42,439 million reais (about 8,191 million dollars), with almost five million transactions.
The foreign exchange market once again had the dollar with appreciation against the real.
The US currency appreciated 0.70 against the Brazilian currency and ended the day trading at 5.180 reais for purchase and 5.181 for sale at the commercial exchange rate.
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