Sao Paulo Stock Exchange recovers and interrupts negative streak for Ukraine

©Reuters. Sao Paulo stock market recovers and interrupts negative streak for Ukraine

Sao Paulo, Feb 25 (.).- The index, the main benchmark for the Sao Paulo stock market, advanced 1.39% this Friday and at the end of the week stood at 113,141 points, interrupting a negative streak of 3 sessions down caused by the war in Ukraine, according to consolidated closing data.

During the week, the indicator accumulated a positive variation of 0.23%.

With the Brazilian market like the rest of the world attentive to the international scenario in the face of the war unleashed between Russia and Ukraine, the Ibovespa managed to reverse the losses at the beginning of the day and at the end of the trading day it advanced almost 1.4% with optimism that the United States will not enter the conflict.

The São Paulo parquet thus recorded a financial volume of 39,506 million reais (about 7,662 million dollars) and totaled more than 4.75 million transactions.

With some oscillations, the largest Latin American stock market by traded volume moved between a minimum score of 110,673 integers, when it fell 0.82%, and a maximum of 113,141 units, obtained at the close of operations.

After a moderate decrease of 0.37% on Thursday, which has already begun to alleviate the losses caused by the war in Ukraine, the indicator added 1,550 units to its accumulated score this Friday.

With the sector of raw materials of mineral origin on the rise, the gains were led by the ordinary papers of the steel company CSN, which climbed 6.81%, followed by similar ones from the oil company 3R Petroleumon (+5.64%) and of the mining giant Vale (+5.41%).

The losses in the stock market, meanwhile, were led by the ordinary shares of the medical insurance broker Qualicorp (-7.15%), followed by those of the same type of the technology company Locaweb (-6.90%) and of the road and airport administrator CCR (-5.24%).

The most traded securities on the day were the ordinary securities of Vale, one of the world’s largest producers and exporters of iron ore.

In the foreign exchange market, the dollar appreciated 1.01% against the real and ended the last day of the week trading at 5.155 reais for purchase and 5.156 for sale at the Brazilian commercial exchange rate.

In the five sessions of the week, the US currency appreciated 0.32% with respect to the Brazilian denomination.

Legal warning: Fusion Medium would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Medium or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.