©Reuters. The Sao Paulo stock market yields a slight 0.01% with another sharp drop in the dollar
Sao Paulo, March 3 (EFE) .- The Sao Paulo stock market fell a slight 0.01% this Thursday, weighed down by losses in the air sector amid global uncertainty due to the Russian invasion of Ukraine, while the dollar returned to fall sharply in Brazil (-1.55%).
The , benchmark on the parquet, closed at 115,165 basis points, in a session of ups and downs, in which it navigated between gains and losses, with the war in Ukraine and its international repercussions as a backdrop.
In the final stretch, the Brazilian market was dragged down by the pessimism that reigns in international markets, most of which ended in the red, including Wall Street.
In the foreign exchange market, the US dollar depreciated 1.55% and closed at 5,025 reais for purchase and 5,026 reais for sale, at the Brazilian commercial exchange rate.
All in all, the volume traded on the São Paulo stock market today reached 31.5 billion reais (about 6.3 billion dollars), in a total of 4,410,924 financial operations, according to preliminary results.
The air sector was one of the big losers of the day, with losses for the airlines Azul (-4.7%) and Gol (-4.0%) and for the aircraft manufacturer Embraer (SA:) (-4, two %).
Embraer, the third largest aircraft manufacturer in the world and a leader in the field of devices for regional flights, announced that it suspended its parts, maintenance and technical support services to Russian customers due to the sanctions imposed after the military invasion of Ukraine.
On the other side of the coin, the financial company Cielo (5.3%), the reinsurer IRB Brasil (5.2%), the Compañía Siderúrgica Nacional (5.0%), Gerdau (4.4% ) and Usiminas (3.6%), among other values.
The most traded shares were the ordinary ones of the mining company Vale (0.05%), the preferred ones of the oil company Petrobras (NYSE:) (-1.2%) and the similar ones of Itaú (0.08%), the largest bank private sector in Brazil and that this Thursday registered a series of technical problems that altered the balance of its clients.
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