©Reuters. The Sao Paulo stock market rises 0.42%, but accumulates a weekly drop of 1.27%
Sao Paulo, Sep 2 (EFE) .- The Sao Paulo stock market rose 0.42% this Friday and its index stood at 110,864 points, despite the poor result of some of its large values, but it closed the week with a 1.27% drop
The day was again positive for the real estate sector, which led the gains for the day.
EZTEC common stock rose the most (+8.36%), followed by peers Cyrela (+8.06%) and MRV (+7.24%).
On the other side of the scale, reinsurer IRB Brasil again led losses after the company priced its share offering late Thursday.
After losing more than 20% minutes after the beginning of the session, the company contained its fall and closed with a decrease of 12.86%.
Two of the flagships on the floor also closed in red: the state oil company Petrobras (NYSE:) and the mining company Vale, one of the largest iron exporters in the world.
The preferred papers of Petrobras, the largest company in Brazil, fell 1.27% and were the most traded of the day, followed by the ordinary Vale, which lost 0.61%.
During the session, 33,544 million reais (about 6,577 million dollars) were traded, as a result of 3,918,963 financial transactions.
In the foreign exchange market, the dollar depreciated 0.59% against the real and was traded at 5.184 reais for purchase and 5.185 reais for sale at the commercial exchange rate.
During the week, the greenback appreciated by 2.1% against the Brazilian currency.