© Reuters. The Sao Paulo stock market gains 0.50% and has its fifth consecutive rise
Sao Paulo, Dec 8 (.) .- The Sao Paulo stock market hit its fifth consecutive rise this Wednesday and advanced 0.50%, with its index, benchmark of the stock market, standing at 108,095 points at the close of the day, pending the decision of the Central Bank of Brazil on the basic rate of the types, which will be announced today.
The São Paulo ring was green for most of the session, with investors waiting for the decision about the interest rate in the country, which has already risen to its highest level in the last four years in an attempt to combat rampant inflation. , which exceeds 10% year-on-year.
Companies linked to tourism, one of the sectors most affected by the coronavirus pandemic that are just beginning to recover, amortized part of the accumulated losses last week and were among the highest gains of the trading session.
In this sense, the ordinary shares of the travel company CVC Brasil were the ones that gained the most value this Wednesday, climbing an expressive 9.60%, followed by the preferential shares of the airline Gol, one of the three largest in the country, which in turn, they gained 9.18%.
Among the most traded securities today, the preferred securities of the state oil company Petrobras (NYSE :), which lost a slight 0.03%, and the ordinary ones of the mining giant Vale, which fell by 0, stood out, as is usual in Sao Paulo. 75%.
Already in the negative territory, the ordinary papers of the Magazine Luiza stores were the ones that lost the most value today, at the end of the day with a sharp fall of 10.63%.
Behind Magazine Luiza, the shares that depreciated the most on the stock market were the ordinary shares of the oil company PetroRio, which fell 4.38%, and the unitary shares of Getnet, the commercial payments subsidiary of the Santander Bank (MC :), who lost 3.76%.
The volume of business on the Sao Paulo Stock Exchange reached 28,619 million reais (about 5,172 million dollars) this Wednesday, the product of 4,017,181 financial transactions.
In the exchange market, the US dollar depreciated 1.50% against the Brazilian real and ended the day trading at 5,533 reais for buying and selling at the commercial exchange rate.
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