Sao Paulo stock market falls 2.25% after the start of the Russian offensive on Ukraine

©Reuters. Sao Paulo stock market falls 2.25% after the start of the Russian offensive on Ukraine

Sao Paulo, Feb 24 (.).- The Sao Paulo stock market began the day this Thursday with heavy losses after the beginning of the invasion of Ukraine by Russia, and after the first 40 minutes of trading it fell 2.25%. , while the US dollar rose strongly in Brazil.

The Brazilian market began the session with a drop of more than 2.30% and although minutes later it slightly reduced its losses, the index, the floor’s reference, fell 2.25% and stood at 109,640 points after the first 40 minutes of trading .

In the foreign exchange market, the US dollar appreciated 1.83% against the Brazilian real and was quoted at 5,096 reais for purchase and sale at the commercial exchange rate, after the “green ticket” ended the day before in its lowest level since the end of June last year.

The preferred shares of the Azul airline and the ordinary shares of the health insurance administrator Qualicorp led the greatest declines in the Sao Paulo stock market, with expressive falls of 10.40% and 9.28%, respectively.

Already in the positive field, the oil sector stood out, which accompanied the upward movements in the price of the , after the value of the for delivery in April shot up and exceeded 102 dollars, its highest value since July 2014.

The common shares of the main Brazilian oil companies registered increases after the opening of the São Paulo negotiations: 3R Petroleum rose 5.48%; PetroRio 4.42% and the state-owned Petrobras (NYSE:) 3.58%.

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