Site icon Market Research Telecast

Large stocks weigh down the Sao Paulo stock market

The mining company Vale and the state oil company Petrobras (NYSE: PBR ), two of the flagships of the Sao Paulo stock market, weighed down this Thursday the Ibovespa index , a reference on the parquet, which lost one 1.80% and stood at 96,120 points.

Vale’s ordinary shares, the most traded in the session, led losses today after plummeting 6.48%, pressured by the fall in the price of iron ore on the international market.

Behind were the ordinary ones of the Siderúrgica Nacional, which fell by 6.40%.

They also closed in red the preferential papers of Petrobras, the largest company in Brazil, which fell 2.51%, hit by the drop in oil prices , and were the second most sought after by investors during the session.

Earnings, meanwhile, were led by the financial services company Cielo, which climbed 6.70%.

In a trading day marked by the uncertain course of the world economy, 24,313 million reais (about 4,502 million dollars) were traded, as a result of 3,642,174 financial transactions.

In the foreign exchange market, the dollar appreciated 0.50% against the real and was traded at 5.432 reais for purchase and 5.432 reais for sale at the commercial exchange rate.

Exit mobile version