The Sao Paulo stock market yields 0.35% and accumulates six sessions in a row in red

Sao Paulo, Apr 25 (EFE).- The Sao Paulo stock market fell 0.35% this Monday and chained six consecutive days in the red, amid strong risk aversion in international markets.

The index, the floor’s reference, closed with 110,684 basis points, on a day in which it recorded losses of more than 1% at the opening, which later moderated thanks to the momentum of Wall Street.

In the foreign exchange market, the US dollar appreciated 1.44% in Brazil and closed trading at 4.875 reais for purchase and sale, at the Brazilian commercial exchange rate.

Caution has settled in the Brazilian market, where financial agents are concerned about a faster-than-expected rise in interest rates in the United States, as well as the new outbreaks of covid-19 detected in China.

This has caused a drop in the price of raw materials, dragging with it the Sao Paulo stock market, which is also closely following the renewed institutional tensions between the president of Brazil, Jair Bolsonaro, and the judiciary.

All in all, the São Paulo trading floor subtracted 392 units from its accumulated score.

The traded volume reached 26,000 million reais (about 5,300 million dollars), in a total of 4,006,869 financial operations, according to preliminary results.

The biggest losses were recorded by the meat company BRF (-3.6%), the Compañía Siderúrgica Nacional (-2.6%), the fashion group Soma (-2.6%) and the metal division of Gerdau (-1 .8%).

On the contrary, at the head of the gains were the papers of the educational group Cogna (3.6%), the electric company Cemig (2.9%) and the network of pet stores Petz (2.8%).

The most traded titles were the ordinary ones of the mining giant Vale (-1.7%) and the preferential ones of the state oil company Petrobras (NYSE:) (-1.5%).