The stock market closed higher today, but the week saw a slight drop. This after closing the month of February on a positive note (+0.99%). Performance on the day was driven by the appreciation of Petrobras and cyclical companies, such as retail and technology, and the release of GDP.
On the other hand, the dollar registered a drop on the day and week.
Like this, the Ibovespa closed the session up 0.12%, 129,180.37 points. During the week, the Ibovespa closed close to stability, with a slight drop of 0.08%.
“Here there is room for recovery and the stock exchange has the energy to seek 132 thousand points and, from there, aim for 135 thousand points, in search of a new record”, says Álvaro Bandeira, economist.
Petrobras had helped increase the stock market’s gains during the afternoon, with the price of Brent rising around 2%, but the shares lost steam.
On the other hand, cyclical shares such as Magazine Luiza, Lojas Renner, Locaweb and Hypera rose, supported by future interest rates renewing the lows. And they sustained the rise in the index.
Dolar today
On the other hand, the dollar closed the session falling in relation to the real. The North American currency fell 0.35%, quoted at R$ 4.9553. For the week, the loss was close to 0.7%
In the same sense, the dollar lost value abroad, with the DXY, the global index of the American currency, falling 0.28%, to 103.86 points.
In the weekly comparison, the loss was 0.07%.
Stocks on the rise
- Lupatech (LUPA3) +8.50%
- Qualicorp (QUAL3) +8.47%
- Guararapes (GUAR3) +6.83%
- Light (LIGT3) +6.65%
- Embraer (EMBR3) +5.94%
Stocks down
- Mobly (MBLY3) -7.35%
- Banco Mercantil (BMEB4) -7.31%
- Plan and Plan (PLPL3) -6.72%
- São Martinho (SMTO3) -4.56%
- Profarma (PFRM3) -4.28%
The rankings include shares with a volume above R$1 million on the day, whether or not they belong to Ibovespa and other indices.
The prices were calculated at 6:07 pm, but may have updates.
World stock markets: New York sets records
The New York stock exchanges closed higher this Friday with the wave of optimism with the application of artificial intelligence keeping the indexes alive.
The Nasdaq reached an all-time high, surpassing its 2021 record, while the S&P 500 finished above the unprecedented mark of 5,100 points. Dell Technologies shares soared after the computer and server maker beat profit and revenue forecasts.
The Nasdaq jumped 1.14%, closing at 16,274.94 points. The index surpassed the previous record of 16,212.23 points, set on November 22, 2021.
The Dow Jones Industrial Average rose 0.23% to 39,087.38 points.
The S&P 500 gained 0.80%, at 5,137.08 points and also renewed its historic high.
In the weekly comparison, the Dow Jones fell 0.11%, the S&P 500 advanced 0.95% and the Nasdaq rose 1.74%.
Europe
European stock markets closed higher in the first session of the month, with a favorable atmosphere supported by balance sheets and news from companies in the region.
The market also assimilated data that showed a slowdown in inflation in the euro zone, albeit with a gentler slowdown than expected.
In the euro zone, the annual rate of consumer inflation slowed to 2.6% in February, compared to 2.8% in January, slightly above the expectations of analysts consulted by FactSet, who predicted a rate of 2.5%.
In London, the FTSE 100 gained 0.69%, at 7,682.50 points.
In Frankfurt, the DAX index advanced 0.32%, to 17,735.07 points.
The CAC-40, the Paris Stock Exchange benchmark, rose 0.09%, to close at 7,934.17.
Quotes are preliminary. In Madrid, the Ibex 35 closed up 0.63%, at 10,064.70 points.
Among the other benchmark indices in the region, the FTSE MIB, from Milan, gained 1.08%, to 3,2934.29 points; in Lisbon, the PSI 20 rose 0.68%, to 6,199.59 points.
Brazil’s GDP impacts the stock market today
The performance of Brazil’s GDP in 2023 was one of the most important topics for stock market investors today.
The indicator, released by IBGE, showed that the Brazilian economy grew 2.9%.
The country’s total production of goods and services totaled R$10.9 trillion last year.
In the last quarter of the year, GDP was zero to zero.
Given this, economists see a still strong GDP for this year, potentially growing by more than 2%. See projections for the Brazilian economy in 2024 here.
With information from Estadão Content It’s from Dow Jones Newswires
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