The Sao Paulo stock market recovers and advances by 1.5% due to the oil sector By EFE

Sao Paulo, Nov 23 (EFE) .- The Sao Paulo stock market rose 1.50% on Tuesday and its index, the benchmark for the stock market, stood at 103,653 points at the close of the day, encouraged by the strong increases in the sector oil.

The São Paulo market added 1,531 units to its main indicator and thus managed to recover part of the accumulated losses in recent days, driven above all by the good performance of oil companies, which accompanied the rise in international prices.

The shares of the oil company Petrobras (NYSE :), the largest company in Brazil, were the most traded of the session and were also among those that gained the most value today.

The state company ended the trading session with an increase of a remarkable 5.46% in its preferred papers and 4.70% in the ordinary ones.

Also among the most sought-after securities were the ordinary securities of the mining company Vale, which advanced 2.63%, and the preferential securities of the Itaú-Unibanco bank, which gained 1.68%.

In addition to Petrobras, among the highest gains of the day, the preferred shares of the petrochemical company Braskem, which appreciated 6.68%, and the ordinary shares of the oil company PetroRio, which rose 5.29%.

At the other end, the ordinary securities of the e-commerce platform Meliuz led the biggest losses of the session, with a fall of 5.43%, followed by the ordinary securities of the technology company Totvs (-4.98%) and the ordinary ones from the Petz pet store (-4.02%).

The volume of business on the Sao Paulo Stock Exchange on Tuesday exceeded 30,790 million reais (about 5,491 million dollars), the product of around 4,575,006 financial operations.

In the exchange market, the US dollar appreciated 0.27% against the Brazilian real and ended the day trading at 5,607 reais for purchase and 5,608 for sale at the commercial exchange rate.