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©Reuters. The Sao Paulo stock market gains 1.3% and closes with a weekly rise of 2.09%
Sao Paulo, Apr 1 (EFE).- The Sao Paulo stock market rebounded 1.31% in the session this Friday, in line with international markets and boosted in part by the mining sector, and closed with a weekly rise of 2.09%, according to preliminary results.
The benchmark index for the Brazilian parquet, ended the day with 121,570 basis points, in the first session of the second quarter of the year, after advancing 14.4% in the first.
In March alone, the São Paulo market rose 6%, despite all the international upheaval related to the Russian military invasion of Ukraine.
Financial operators are still aware of the war in that country, which has triggered the prices of raw materials, something that Brazil is already benefiting from, which registered a record trade surplus in March thanks to exports from the agricultural industry.
In the foreign exchange market, the US dollar depreciated 1.94% today and closed at 4.666 reais for purchase and sale, at the Brazilian commercial exchange rate.
It is the lowest value of the US bill in more than two years, which also lost 1.7% in the weekly accumulated against the Brazilian currency.
All in all, the Sao Paulo stock market today added 1,570 units to its accumulated score.
The volume traded exceeded 32.5 billion reais (almost 7 billion dollars), in a total of 4,619,373 financial operations, according to preliminary results at the end of the session.
Among the largest gains were the papers of the discount coupon platform Méliuz (9.4%), the financial services company Cielo (8%), Banco Inter (7.9%) and the educational group Cogna (7 .8%).
On the contrary, the paper mills Suzano and Klabin led the losses of the day, as their titles fell by 1.7% and 1.6%, respectively.
The most traded shares were the preferred shares of the state oil company Petrobras (NYSE:) (-1.3%) and the ordinary shares of the mining giant Vale, which in turn rose by 1.4%.
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