From the minimum to the maximum of the session, it fluctuated from 163,574.67 to 166,467.56 points, starting from the opening at 164,846.22, until closing at 166,276.90 points
Contrary to New York, where geopolitical concerns weighed on the resumption of business after the holiday, Ibovespa renewed intraday and closing records this Tuesday (20). From the minimum to the maximum of the session, it fluctuated from 163,574.67 to 166,467.56 points, starting at 164,846.22. In the end, it scored 166,276.90 points, an increase of 0.87%, with a financial turnover of R$23.5 billion. During the week, the adds 0.90% and brings the gain for the month and year to 3.20%.
The tariff and geopolitical imbroglio between Americans and Europeans stimulates the search for diversification in emerging markets, such as Brazil – also favored by the carry trade (a strategy that exploits the interest differential), provided by the high level of the Selic rate. On the domestic front, the expectation of a meeting between the governor of São Paulo, Tarcísio de Freitas, and former president Jair Bolsonaro rekindles the dormant trade that Tarcísio will be able to run for President of the Republic, with the support of the former president.
Thus, in the early afternoon, Ibovespa broke the intraday record of 166,069.84 points, registered on January 15, and set the new best mark around 400 points above the previous reference. In New York, on the other hand, the main stock indices closed with losses of 1.76% (Dow Jones), 2.06% (S&P 500) and 2.39% (Nasdaq).
On B3, the main blue chips boosted the Ibovespa. Petrobras shares (ON +0.85%; PN +0.37%) partly followed the rise of more than 1% in Brent and WTI futures contracts, in London and New York. The largest individual stock in the index, Vale ON gained strength in the afternoon and rose 1.92%, to R$80.08 at closing and very close to the day’s high (R$80.21). Among the largest banks, highlights include Bradesco PN (+1.43%) and Santander Unit (+2.01%, at the day’s high at closing). At the winning end of the Ibovespa were TIM (+4.98%), C&A (+4.34%) and Telefônica Brasil (+3.97%). On the opposite side, CSN (-3.04%), Usiminas (-2.99%) and B3 (-2.85%).
*With information from Estadão Conteúdo
