© Reuters. The Sao Paulo stock market rises 0.07% in a stable scenario
Sao Paulo, Mar 21 (.).- The Sao Paulo stock market (B3) rose a moderate 0.07% on Tuesday and its reference index, the , stood at 100,998 points, in a stable scenario, according to the Consolidated closing data.
Despite coming out of negative territory, the slight increase was not enough for the Brazilian stock market to follow the upward trend of other stock markets and the statements made by the president, Luiz Inácio Lula da Silva, on interest rates weighed on the day’s performance. .
Lula said this Tuesday that he will continue to “stoke” the Central Bank until the reference interest rate is lowered, currently at 13.75%, a percentage that he considered “absurd” with the current economic scenario.
With almost three million operations, the largest Latin American parquet by number of businesses totaled a volume of 17,785 million reais (about 3,390 million dollars), a figure lower than the daily average.
The common shares of the mining company Vale (-0.84%), one of the world’s largest producers and exporters of iron, ended the session as the most traded in the B3, followed by the preferential shares of the state oil company Petrobras (NYSE:) (+2.05%).
In the foreign exchange market, the dollar appreciated 0.05% against the real, which ended the day quoted in the commercial exchange rate at 5,244 reais for purchase and 5,245 reais for sale.