©Reuters. The Sao Paulo stock market loses almost 1% due to global risk aversion
Sao Paulo, Jan 24 (.).- The Sao Paulo stock market fell 0.92% this Monday and the index, the floor’s reference, closed with 107,937 points, weighed down by global risk aversion, amid growing tensions between Russia and Ukraine.
The Brazilian group fell by close to 2% during the session, but in the final stretch it managed to mitigate the losses, on a day in which several of the main international markets turned red.
Financial operators are also awaiting the next steps of the United States Federal Reserve (Fed) in terms of monetary policy, while inflationary pressures continue in half the world.
In the foreign exchange market, the US dollar appreciated by 0.87% and closed trading at 5.501 reais for purchase and sale, at the Brazilian commercial exchange rate.
All in all, the Sao Paulo stock exchange subtracted 1,004 units from its accumulated score, in a session of high volatility, with a financial volume of 30,310 million reais (about 5,500 million dollars), in a total of 4,308,229 deals, according to preliminary results.
It was a bad day for the Brazilian mining giant Vale, one of the flagships of the Sao Paulo stock exchange, whose ordinary paper fell 1.2%.
The titles of the department stores Magazine Luiza (-7.4%), Banco Inter (-7.3%) and Banco Pan (-5.9%), as well as the hosting portal Locaweb also suffered a sharp drop. (-5.1%).
On the other side of the coin, the shares of the supermarkets Pao de Açucar (7.4%), the meat company Marfrig (4.7%) and the petrochemical company Braskem (3.6%), among others, advanced.
The most traded papers this Monday were the preferred ones of the state oil company Petrobras (NYSE:) (0.6%) and the ordinary ones of Vale (-1.2%).
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