©Reuters. The Sao Paulo stock market rises 1.05% driven by foreign and steel companies
Sao Paulo, Apr 27 (EFE) .- The Sao Paulo stock market rose 1.05% this Wednesday and its index, a benchmark for the parquet, stood at 109,349 points, on a day marked by the good result of the rest of the markets international markets and the promotion of the steel sector.
The São Paulo market today broke a streak of seven consecutive losses thanks to the good data of the actions of the metallurgical and mining sectors, which sailed among the highest rises of the day.
The preferential titles of the metallurgical company Geradu appreciated by 5.56%, followed by the ordinary securities of the mining giant Vale, which advanced by 4.94% and were the most traded of the day due to the expectation of the disclosure of its company results. scheduled for today.
The gains, however, were led by the ordinary ones of Weg, the company specializing in the manufacture and sale of electric motors, which rose 5.90%.
On the other side of the scale, the papers that lost the most were the ordinary health insurance operator Hapvida, which fell 6.04%.
During the trading day, 26,887 million reais (about 5,420 million dollars) were traded, as a result of 3,390,657 stock transactions.
In the foreign exchange market, the dollar changed its trend after exceeding 5 reais in Brazil today and ended the session with a fall of 0.48% against the Brazilian currency, after several consecutive rises in recent days.
The greenback was traded at 4,964 reais for purchase and 4,966 reais for sale in Brazil.
After reaching its lowest level in the last two years, the dollar has strengthened rapidly in the last week after the president of the Federal Reserve (Fed) of the United States, Jerome Powell, signaled an increase in interest rates. in the North American country for the next few days, in a shorter period of time than the market expected.