© Reuters. The Sao Paulo stock market increases 1.24%, encouraged by the oil company Petrobras
Sao Paulo, Nov 25 (EFE) .- The Sao Paulo stock market hit its third consecutive rise by advancing 1.24% this Thursday and its index, the benchmark for the stock market, stood at 105,811 points at the close of the day, encouraged by Petrobras (NYSE 🙂 and banking.
The Brazilian market reacted optimistically to the announcement that Petrobras will distribute between 60 and 70 billion dollars to its shareholders in the next five years, thanks to the adoption of a new, clearer, regular and predictable dividend policy.
Thus, the preferred shares of the oil company, controlled by the Brazilian State but with shares traded on the Sao Paulo, New York and Madrid stock exchanges, were the most traded of the day and ended up with an increase of 4.41%.
Ordinary papers from mining company Vale, which fell 0.68%, and ordinary papers from state-owned Banco do Brasil (SA :), which gained 5.19%, were also among the most sought after this session.
However, it was the preferred securities of the airline Gol that led the highest earnings of the day, with a strong appreciation of 9.69%, next to the preferred securities of Banco Pan, which were valued by 8.27%, and the ordinary of the tourism company CVC Brasil (6.87%).
On the negative side, the common shares of meat giants Marfrig and JBS were the ones that lost the most today, with falls of 2.86% and 2.45%, respectively.
The volume of business on the Sao Paulo Stock Exchange reached 21,174 million reais (about 3,808 million dollars) this Thursday, the product of 3,499,339 financial operations.
In the foreign exchange market, the US dollar depreciated 0.54% against the Brazilian real and ended the day trading at 5.564 reais for buying and selling at the commercial exchange rate.
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