May 16, 2024

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The Sao Paulo Stock Exchange returns 1.38% despite the sharp rise of airlines by EFE

The Sao Paulo Stock Exchange returns 1.38% despite the sharp rise of airlines by EFE

© Reuters. The Sao Paulo Stock Exchange returns 1.38% despite the strong rise of airlines

São Paulo, March 9 (.). – The Sao Paulo Stock Exchange fell by 1.38% this Thursday, and the parquet benchmark closed at 105,071 basis points, despite the expressive rise of more than 10% of the Brazilian airline Azul. wander.

The Sao Paulo episode, which is the largest in Latin America in terms of turnover, had a day of high volatility, affected by the negative foreign scenario, which accelerated losses in the last stretch of the session with Wall Street chopping in the red.

In the foreign exchange market, the US dollar rose by 0.04% and trading ended at 5140 reals for buying and 5141 reals for selling at the Brazilian commercial exchange rate.

Economic actors continue to monitor the meetings of the economic team of Brazilian President Luiz Inacio Lula da Silva on the new fiscal framework, which must be presented before the end of March.

Planning Minister Simon Tebbit returned today to send a calming message to fiscal agents by reiterating that the new fiscal rule will “satisfy everyone, including the market”.

Despite this, the market settled on negative ground, in a disastrous new day for health plan operator Hapvida, whose papers fell nearly 29%.

Likewise, titles for National Steel Company and oil company 3R Petroleum fell by 5.0% and 3.6%, respectively, as did titles for mining giant Valley (-0.7%).

The payment of Azul (+ 19%) and Gol (+ 10.7%), as well as the travel agency CVC Brasil (+ 13.6%), after record foreign tourism data in January, did not make it possible to change the entry on the Brazilian stock market.

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The trading volume during the session exceeded 26,700 million riyals (about 5,160 million dollars) in 3.9 million financial transactions, according to preliminary results issued at the conclusion.