Ibovespa rises 0.65% with Vale, Petrobras and banks; dollar remains stable

The stock exchange closed up 0.65%, at 127,690.62 points this Wednesday (27/03). The trading session remained positive, with the Ibovespa on the rise with the rise in Petrobras (PETR3;PETR4) and Vale (VALE3) shares, after starting the day in decline. At the same time, JBS shares (JBSS3) fell in the trading session after the release of results was negative among financial market agents.

On the other hand, the dollar ended the session stable against the Brazilian real. The US currency fell to R$4.9793, a slight drop of 0.07%. Abroad, American Treasury bonds, Treasuries, fell.

Ibovespa

The Ibovespa index began an increase caused by the momentum of the main stocks in the commodities and financial sector.

Analysts also highlight that there was “greater traction in the index” with increases in securities sensitive to interest rates and the domestic economy. This is the assessment of Gabriel Mota, variable income operator at Manchester Investimentos.

Despite opening in decline, the Ibovespa recovered in the session “as the market analyzes and consolidates” consensus on the results season, says Felipe Pohren, partner at Matriz Capital.

On the day, Mota highlights that there was an increase in banks on the Ibovespa. Bradesco’s preferred shares (BBDC4) rose 1.56%, while common shares jumped 1.43%. The share of B3 (B3SA3) was also among the positive highlights, with an increase of 1.35%.

Itaú’s PN share also accumulated gains in the trading session, rising 0.55%, as did Santander’s UNIT share (SANB11), with an appreciation of 0.96%.

With greater weight on Ibovespa, Vale shares (VALE3) rose 0.92% on the index. Petrobras’ PN and ON shares (PETR4;PETR3) gained 0.80% and 1.22%, respectively.

Dollar

Simultaneously, the dollar reversed its gains against the real into losses in the trading session. The US currency fell to R$4.9793, a slight devaluation of 0.07%.

Abroad, however, the dollar remained stable against other important currencies, such as the yen and the euro. The DXY index, which measures the dollar’s performance globally, was zero to zero, stationed at 104.29 points.

Stocks on the rise

Considering all the shares in the Ibovespa indexes, the best performance of the day was the João Fortes asset (JFEN3). The engineering company in judicial recovery jumped 57.31% on the stock market.

Check out the five biggest shares on the stock market below. The list has the criterion of listing only Ibovespa assets that moved more than R$1 million in transactions during the trading day.

João Fortes ON (JFEN3): +57.31%
AgroGalaxy ON (AGXY3): +16.47%
C&A Modas ON (CEAB3): +9.49%
Viveo ON (VVEO3): +8.40%
ClearSale ON (CSLA3): +8.05%

Stocks falling

The falling stock was the asset of the International Meal Company, IMC (MEAL3). Investors had a negative impact on the company’s balance sheet in the fourth quarter of 2023.

The owner of the KFC and Pitza Hut brands reversed the net profit of R$122 million in the fourth quarter of 2022 into a loss of R$76.2 million in the same period of 2023.

Thus, shares fell 18.48%, leading the declines.

BMI ON (MEAL3): -18.48%
Mobly ON (MBLY3): -9.09%
Azevedo&Travassos PN (AZEV4): -8.06%
Armac ON (ARML3): -7.81%
Being Educational ON (SEER3): -7.47%

New York Stock Exchanges

New York stock markets opened higher, but the Nasdaq fluctuated for part of the day, with shares of technology and communication services companies under pressure. Further on, the recovery situation was confirmed, with an improvement in the final stretch and a historic closing record for the S&P 500 index. Some sectors of the S&P 500, such as health, industry and finance, showed greater strength, even in the face of general expectations for index numbers. consumption expenditure prices (PCE), later this week, as well as statements from a Federal Reserve official (Fed, the North American central bank), after the close of this Wednesday.

The Dow Jones index closed with a gain of 1.22%, at 39,760.08 points, the S&P 500 advanced 0.86%, at 5,248.49 points, and the Nasdaq rose 0.51%, at 16,399.52 points.

European Stock Exchanges

European stock markets ended the session on a high, with Frankfurt standing out as it extended the sequence of closings at record highs. Paris lost steam at the end of the trading session, but also renewed its historic closing high. Meanwhile in Madrid, the Ibex exceeded 11,000 points, which had not occurred since 2007, according to the Expansión newspaper. The mood continued to be influenced by regional data, such as the one that showed a better-than-expected improvement in sentiment in the euro zone. The more promising environment has also been portrayed in the balance sheets. Fashion retailer Hennes & Mauritz (H&M) soared with better-than-expected quarterly results.

In Frankfurt, the DAX rose 0.49%, with the German benchmark index reaching an unprecedented 18,475.06 points at the close. At its intraday high, the index scored 18,511.17 points. In London, the FTSE 100 index closed with a change of 0.01%, at 7,931.98 points. Meanwhile, the CAC 40, in Paris, advanced 0.25%, to 8,204.81 points, a record level, slowing down from the historic intraday maximum of 8,230.38 points recorded earlier. Quotes are preliminary.

The other markets in the region also followed the positive performance. The Ibex 35, in Madrid, rose 1.09%, to 11,111.30 points, with Inditex, owner of Zara, among the five main percentage increases, after advancing 2.30%.

The PSI 20, in Lisbon, closed with an increase of 0.88%, at 6,276.69 points. In Milan, the FTSE MIB advanced 0.21%, to 34,759.69 points.

*With information from Estadão Conteúdo and Dow Jones Newswires