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©Reuters. The Sao Paulo stock market rises a slight 0.01% pending GDP
Sao Paulo, June 1 (.).- The Sao Paulo stock market closed practically stable, with a timid rise of 0.01%, and its index stood at 111,359 points on the eve of the publication of GDP data in the first quarter, when the economy grew about 1% in Brazil, according to projections.
In a day marked by caution, the ordinary shares of the mining company Vale, one of the main exporters of iron in the world, advanced 2.35% and were the most sought after by investors during the day.
The rise in Vale shares helped offset the drop in Petrobras (NYSE:) preferred shares, which fell 0.13% and were the second most traded on the day.
The gains, however, were led by the ordinary titles of the pharmaceutical multinational Hypera, which jumped 7.66%, followed by those of the electric company Weg, which climbed 3.31%.
On the loss side, the preferred shares of the Azul airline stood out, leaving 5.82%.
During the day, 23,995 million reais (about 4,998 million dollars) were traded, product of 3,825,304. financial transactions
In the foreign exchange market, the dollar appreciated by 1.10% against the real and was traded at 4.803 reais for both purchase and sale at the commercial exchange rate.
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