The movement was mainly supported by the increase in Vale and Petrobras shares; the financial volume in the trading session totaled R$ 29.7 billion
O Ibovespa renewed records this Monday (13) at surpass 198 thousand points for the first timein movement sustained mainly by the advance of Vale and Petrobras sharesendorsed by rise in commodities such as iron ore and oil abroad. The failure in negotiations between the United States and Iran over the weekend, who sought to put an end to the conflict that began at the end of February, had a mild negative effect on the São Paulo stock exchange, which continues to be supported by the flow of foreign resources.
Brazilian stock market reference index, the Ibovespa .BVSP advanced 0.34%, to 198,000.71 points. At the day’s high, it reached 198,173.39 points. At its lowest point, it dropped to 196,222.86 points. The financial volume in the trading session totaled R$29.7 billion before final adjustments.
The improvement in B3, endorsed by Wall Street, where the S&P 500 .SPX rose 1.02%, was also backdrop new statements by the President of the United States, Donald Trumpthat Iran had “called this morning” and that “they would like to do a deal.”
On Sunday (12), after the impasse in talks, Trump announced the blockade of the Strait of Hormuz by the US Navy, which actually began this Monday, according to the US president.
O barrel of oil under the Brent contract LCOc1 reached US$103.87 at the day’s high, but ended the session at US$99.36, up 4.37%.
Given the still volatile scenario abroad, the assessment that, within emerging markets, Latin America is a safe haven and, within Latin America, Brazil is the best positionedcontinues to support the flow of external capital on the São Paulo stock exchange.
According to data from B3, April records a net inflow of R$ 11.55 billion until the 9thincreasing the positive balance for the year to almost R$65 billion, in numbers that exclude share offerings (IPOs and follow-ons).
“Ibovespa continues on the trend of rise towards 200 thousand points“, stated Itaú BBA analysts in the Diário do Grafista report this Monday. “From a medium-term perspective, we started to monitor the next goal at 250,000 points”, they added.
HIGHLIGHTS
- VALE ON VALE3.SA closed up 2.07%, supported by the advance in iron ore futures in China, where the most traded contract on the Dalian Commodities Exchange DCIOcv1 rose 1.26%. In the sector, CSN ON CSNA3.SA rose 1.56%, while USIMINAS PNA USIM5.SA fell 2.5% and GERDAU PN GGBR4.SA fell 0.8%;
- PETROBRAS PN PETR4.SA rose 1.53% and PETROBRAS ON PETR3.SA advanced 1.78%, supported by the rise in oil prices, in addition to the state-owned company’s announcement of a new discovery of hydrocarbons in deep waters in the Campos Basin pre-salt;
- ITAÚ UNIBANCO PN ITUB4.SA ended with a decrease of 0.52%, with the entire sector improving after a more negative start to the day. BTG PACTUAL UNIT BPAC11.SA rose 1.62%, BRADESCO PN BBDC4.SA advanced 0.73%, BANCO DO BRASIL ON BBAS3.SA ended with a positive change of 0.08% and SANTANDER BRASIL UNIT SANB11.SA gave up just 0.28%;
- BRASKEM PNA BRKM5.SA jumped 7.35%, in the fifth consecutive session of increase, benefiting from positive expectations for petrochemical spreads;
- AZZAS 2154 ON AZZA3.SA appreciated 3.51%, recovering part of last Friday’s loss, when it closed with a drop of almost 11% after the group announced in the middle of the trading session that the president of the “Fashion & Lifestyle” unit, Ruy Kameyama, will leave the company at the end of April.
*Reuters
