The Sao Paulo stock market loses 0.51% amid cautious investors

Sao Paulo, Apr 14 (EFE).- The Sao Paulo stock market lost 0.51% this Thursday and its index, a benchmark for the parquet, stood at 116,181 points, according to preliminary data, on a day marked by caution eve of the Good Friday holiday.

Contrary to the European stock markets, the Brazilian market closed in the red weighed down by its main flagships: the state oil company Petrobras (NYSE:) and the mining company Vale.

The preferred shares of Petrobras fell 1.32% and were the most traded, in a session in which the new president of the oil company, the industrial chemist José Mauro Ferreira Coelho, was chosen.

Coelho, who between 2020 and 2021 served as secretary of Gas and the Ministry of Mines and Energy of the Government of President Jair Bolsonaro, had been elected on Wednesday by the company’s shareholders as a member of the Board of Directors of Petrobras, a body that this Thursday chose him as president of the company.

In addition to Petrobras, the ordinary shares of the mining company Vale, one of the largest iron exporters in the world, were also among the most sought-after shares by investors, which fell 1.82% today

The losses, however, were led by the ordinary shares of YDUQS, a publicly traded Brazilian holding company in the education sector, which depreciated 7.31%.

In the field of earnings, meanwhile, the ordinary papers of the Fleury medical group stood out, climbing 2.79%.

During the day, 25,448 million reais (about 5,425 million dollars) were traded, as a result of 3,298,978 financial transactions.

In the foreign exchange market, the dollar appreciated 0.14% against the real and was traded at 4.694 reais for purchase and 4.695 reais for sale at the commercial exchange rate.