Ibovespa closes below 127 thousand points with a drop of 2.74%
The Brazilian stock exchange index (Ibovespa) closed the last trading session below 127 thousand points. With a drop of 2.74%, it closed at 126,042 points, after almost reaching 130,000 points during the day.
The result was pressured by the Central Bank’s decision, last Wednesday (11), to raise the Selic by 1 percentage point, setting the basic interest rate at 12.25% per year. Furthermore, the Monetary Policy Committee (Copom) suggested that two other increases of the same magnitude should occur in the next meetings.
Fiscal concerns have also returned to the spotlight of investors.
The stocks that fell the most were those linked to consumption and retail. For example, GPA shares fell 11.02% and Carrefour fell 10.67%. Magazine Luiza also fell, but by 9.01%. Vale fell 2.89%.
By Brasil 61
