Ibovespa rises 0.21% and remains above 129 thousand points
Publication date: May 8, 2024, 6:54 pm, Updated on: May 8, 2024, 10:31 pm
The Brazilian stock exchange index (Ibovespa) ended the last trading session this Wednesday (8) up 0.21%, quoted above 129,480 points. The result came after an opening with a strong drop and a round of stability throughout the day.
The situation may be associated with investors’ aversion to risky assets on the eve of the Copom. On the other hand, positive corporate results favored the momentum of shares.
Market analysts estimate that the Central Bank should begin to reduce the magnitude of the Selic cuts, and, for now, there is no consensus among the market on how this will occur, which creates uncertainty among investors.
The shares with the biggest gains on the day were BRF, with an increase of 11.17%; and Marfrig, with a jump of 11.18%.
The biggest losses were due to the shares of Grupo Pão de Açúcar and Petz, with reductions of 5.88% and 6.02%, respectively.
The total volume traded on B3 was R$21.2 billion.
The information is available on the B3 website.
By Brasil 61
