The stock exchange today ended the trading session practically stable, without clear winds and waiting for important inflation indicators in Brazil and abroad that should guide the market this week.
The Copom minutes, to be released this Tuesday, are another point of attention for Brazilian investors. Thus, Ibovespa, the stock market’s main index, closed with a slight drop of 0.08%, at 126,931.47 points.
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Just like the stock market today, the dollar also fell on the day. The North American currency lost strength against the Brazilian currency in a session marked by investor caution, and ended today’s session quoted at R$4.9734.
Check out the main highlights of the stock exchange, Ibovespa, dollar and main foreign markets today.
Ibovespa today
The Ibovespa today did not have a very clear direction, as investors prepare for a more hectic and concentrated week. On Friday, the stock exchange, bank branches and brokers are not open due to the holiday.
Thus, the main stock market index operated sideways, reflecting investors’ caution, says Alexsandro Nishimura, economist at Nomos.
According to the economist, this week, investors are paying attention to:
- Tuesday: Copom minutes referring to the latest decision to cut the Selic rate to 10.75% per year
- Tuesday: IPCA
- Thursday: quarterly inflation report to be released by the BC on Thursday
- Throughout the week: latest corporate results from the earnings season
Oil company shares were highlighted on Ibovespa today, following the rise in the price of a barrel of oil on the international scene. The cost of the Brent unit futures contract for May rose 1.42%, worth around US$86 per unit.
Shares of 3R Petroleum (RRRP3) led the sector in the index with an increase of 3.83%. Then, the share of PetroReconcavo (RECV3), in negotiations for a merger with 3R, rose 2.82%. Right behind, Prio (PRIO3) achieved gains of 2.14% in market value. Quotes were obtained around 5:20 p.m.
“The oil sector was the positive highlight today, but the banking, retail and electrical sectors weighed on the Ibovespa today”, reports Alex Carvalho, analyst at CM Capital.
Investors should expect more volatile sessions in the coming days, with the most important radar data concentrated between Tuesday and Thursday. This is the analyst’s forecast for the performance of Ibovespa this week.
Dolar today
With no news on the United States stock exchanges, the dollar gave way against the Brazilian real today, with 0.50% devaluation. The North American currency ended this Monday’s trading session quoted at BRL 4.9734.
“International markets started the week on a difficult note. This week will have important developments for the PCE in the USA”, says Matheus Spiess, analyst at Empiricus Research.
The PCE is one of the main inflation indices in the North American economy.
At the same time, on the international scene, the dollar also lost strength. The DXY index, which compares the currency to major country pairs such as the yen and the euro, fell 0.25% to 104.210 points.
Best stocks on the stock market today
The best share on the stock exchange today, considering all the shares present on Bovespa, was Hidrovias (HBSA3).
The stock rose 14.89% on the stock exchange after the announcement of the acquisition of the Ultrapar holding company, of the Ipiranga and Ultragas brands, for almost 17% of Hidrovias’ capital. The operation involves the sale of around 128 million shares of the company (HBSA3) at R$3.98 each by the Pátria group and Temasek.
Furthermore, Ultrapar declared that it has share derivative instruments equivalent to 4.99% of the company’s capital.
Check out the five best stocks on the stock market today. The list only includes Bovespa shares that exceeded R$1 million in daily trading volume. Quotes were obtained around 5:20 p.m.
- Hidrovias do Brasil ON (HBSA3): +14.89%
- Hi BR ON (OIBR3): +12.86%
- Hi BR PN (OIBR4): +8.15%
- Enauta ON (ENAT3): +5.85%
- Alliar ON (AALR3): +3.50%
Worst stocks on the stock market today
On the other hand, the worst stock on the stock market today was Time for Fun (SHOW3). The drop came on the same day as the announcement of pop singer Madonna’s concert in Rio de Janeiro.
Itaú should sponsor the arrival of the singer from Brazil, in the format of a unique and free show on Copacabana beach.
Check below the five main negative highlights of the stock market this Monday (25). The list follows the same criteria as the ranking of best stocks.
- Time for Fun ON (SHOW3): -7.55%
- Lojas Quero-Quero ON (LJQQ3): -7.47%
- Infracommerce ON (IFCM3): -7.14%
- Viveo ON (VVEO3): -6.47%
- Azevedo&Travassos ON (AZEV3): -6.29%
New York Stock Exchanges
New York stock markets closed lower this Monday (25) with corporate news in focus and expectations for the release, this week, of the consumer spending price index (PCE). The Nasdaq ended the session lower, after setting an all-time closing record on Friday.
Shares of Intel and AMD fell in reaction to news that China has begun implementing guidelines that will keep the companies’ processors out of government PCs and servers.
Boeing, however, reacted strongly to changes in its top management.
Thus, the Dow Jones index closed down 0.41%, at 39,313.64 points, the S&P 500 fell 0.31%, to 5,218.19 points, and the Nasdaq fell 0.27%, to 16,384. 47 points.
European Stock Exchanges
European stock exchanges closed with different performances this Monday, although the Frankfurt market maintained its good momentum, which led the DAX to renew its historic closing high. Paris continued breathlessly, on a day with a relatively weak agenda, without relevant economic indicators.
In London, the FTSE 100 index closed down 0.17%, at 7,917.57 points. Meanwhile, on the continent, Frankfurt’s DAX index rose 0.30%, extending the movement of renewing highs, closing at 18,261.31 points.
The CAC 40, in Paris, on the other hand, remained stable, at 8,151.60 points, still remaining close to the closing record of 8,201.05 set on April 19th.
Finally, in Milan, the FTSE index rose 0.86%, to 34,639.41 points, and in Madrid, the Ibex 35 rose 0.08%, to 10,952.20 points. The PSI 20, in Lisbon, fell 0.46%, to 6,199.21 points.
With information from Estadão Content It is Dow Jones Newswires
Financial Intelligence is a journalistic channel and this content should not be interpreted as a recommendation to buy or sell investments. Before investing, check your investor profile, your objectives and always stay well informed.
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