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©Reuters. The Sao Paulo stock market yields 0.96% in its third consecutive fall
Sao Paulo, Oct 11 (EFE) .- The index, the main reference of the Sao Paulo Stock Exchange, fell 0.96% this Tuesday, to 114,827 points, and thus chained its third consecutive fall, according to consolidated closing data .
The Brazilian stock market, which will not operate on Wednesday due to the holiday of Our Lady of Aparecida, the country’s Catholic patron saint, remained in the red this Tuesday as a reflection of international fear over movements in the economies of the United Kingdom and the United States.
The São Paulo parquet thus recorded a financial volume of 27,503 million reais (about 5,217 million dollars) and totaled a little more than 3.8 million transactions.
Always in negative territory, the largest Latin American stock market by traded volume moved between a maximum score of 115,927 integers, obtained at the opening of operations, and a minimum of 114,296 units, when it fell 1.41%.
After a decline of 0.37% on Monday, the indicator subtracted another 1,113 units from its accumulated score this Tuesday and lost the symbolic bar of 115,000 units.
On a favorable day for the sugar sector, the day’s gains were led by the preferred shares of the petrochemical company Braskem, which rose 20.40% triggered by the rumor of a new purchase offer for the company by the American manager. Apollo.
The company is controlled by Novonor -the former construction company Odebrecht-, with 50.1% of the voting capital, and by the state oil company Petrobras (NYSE:), which has 47%.
Behind these shares were the preferential shares of Raizen (+6.62%), which operates in the production of sugarcane ethanol and fuel distribution, and the ordinary shares of the railway logistics company Rumo (+4.22%) .
Rumo, in turn, is controlled by the sugar and ethanol production group Cosan, whose ordinary shares (+1.69%) were the fifth with the highest gains on the day.
On the other hand, on a negative day for the health sector, losses on the stock market were led by the ordinary papers of the technology company Locaweb (-6.92%), followed by those of the medical insurance administrator Qualicorp (-5.57%) and the travel agency chain CVC Brasil (-5.50%).
The most traded securities on the day were the ordinary ones of the mining company Vale (-0.68%), one of the world’s largest producers and exporters of iron.
In the foreign exchange market, the dollar appreciated 1.57% against the real and ended the trading day at the Brazilian commercial exchange rate at 5.271 reais for both purchase and sale.
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