© Reuters. The Sao Paulo stock market rises but without being able to return to 100,000 points
Sao Paulo, Mar 24 (.).- The reference index of the Sao Paulo stock market (B3), the , advanced 0.92% this Friday, to 98,829 points, interrupting two downward sessions, but without returning to 100,000 units, according to the consolidated closing data.
The Ibovespa accumulated a negative variation of 3.09% during the week.
The Brazilian stock market overcame the volatility of recent days, caused by the decision of the Central Bank to maintain interest rates at 13.75%, despite the contrary position of the president, Luiz Inácio Lula da Silva.
The issuing entity, chaired by Roberto Campos Neto, appointed by the previous president Jair Bolsonaro until 2024, argues that the country still does not have inflationary control within the target, while the Government, even so, presses for the reduction of rates .
The shares of the mining company Vale (-1.14%), one of the world’s largest producers and exporters of iron, ended the day as the most traded in the day, escorted by the preferential shares of the state oil company Petrobras (NYSE:) ( -0.04%).
The B3, the largest Latin American stock market by traded volume, concluded the session with more than 3.36 million transactions and totaled operations worth 20,366 million reais (about 3,879 million dollars).
In the foreign exchange market, the dollar depreciated 0.73% this Friday against the real, to end the last day of the week at 5,249 reais for purchase and 5,250 reais for sale at the commercial exchange rate.
In the five sessions of the week, the US currency devalued 0.37% with respect to the Brazilian denomination.