Ibovespa rises with Casas Bahia (BHIA3) soaring 12%

O Ibovespa opened this Thursday’s session (28) on a downward note, but turned positive in the morning. At around 12:10 pm, the index increased 0.34%, to 128,127 points.

In the last trading session of the week and month of March, investors remain cautious. One of the most anticipated data of the week comes out tomorrow, and concerns the PCE inflation index in the United States, the Federal Reserve’s preferred indicator for monitoring the rise of prices in the country.

This Thursday, the GDP of the United States was released, which showed a variation of 3.40% in the fourth quarter of 2023, above the consensus of 3.20%. Unemployment insurance claims reached 210 thousand in the week, compared to the consensus of 215 thousand.

O Petroleum has increases of more than 1%, while the Petrobras follows the positive bias: Petrobras ON (PETR3) increases 0.96% to R$ 37.72 and Petrobras PN (PETR4) increases 0.96% to R$ 36.90.

O iron ore closed down for the third consecutive day in Dalian, China, negatively impacting the OK (VALE3), which falls 0.50% to R$60.30.

The biggest rise in Ibovespa is Casas Bahia (BHIA3), which soars 12.58% to R$7.07. Marfrig (MRFG3), which reported its fourth quarter numbers, follows with +9.30% at R$9.99, and Raízen (RAIZ4) completes the top-3 with +3.51% at R$3, 54.

On the negative side, CVC (CVCB3) leads the losses with -3.63% at R$2.92, followed by Braskem (BRKM5), -2.48% at R$26.74 and Hypera (HYPE3), -1 .89% at R$32.77.

Market in NY

To the New York stock exchanges they operate mixed and without amplitude this Thursday, reflecting the North American GDP data and waiting for the PCE inflation index, to be released tomorrow.

Check out the performance of the indexes around 12:10 pm:

Dow Jones: -0.04% to 39,744 points
S&P500: +0.10% to 5,253 points
Nasdaq: -0.01% at 16,398 points

Biggest highs and lows of Ibovespa

Quotes from
Actions

Quotes extracted on 03/28/2024 at 12:19

Biggest Highs
Biggest Casualties

SBSP3

SABESP

R$ 84.99

2.03%

YDUQ3

YDUQS

R$ 17.83

1.60%

SUM3

SOMA SA FASHION GROUP

R$ 7.55

1.21%

RECV3

PETRORECÔNCAVO SA

R$ 23.23

0.87%

BBAS3

BANCO BRAZIL

R$ 56.18

0.41%

*Quotations extracted on 03/28/2024 at 12:19

Dollar exchange rate

A dollar exchange rate today rises 0.14%, to R$4.9929.

O Dolar today follows the rise in treasuries in the United States and reflects the rise in North American GDP in 4Q23.

Asian stock markets: China rises as sentiment improves

Asian stock markets closed without a single direction this Thursday (28), with the Chinese stock markets benefiting from an improvement in sentiment and the Tokyo market pressured by shares traded ex-dividend. The Australian secured a new historic high, before the Easter holidays.

In mainland China, the Shanghai Composite index rose 0.59% to 3,010.66 points, and the less comprehensive Shenzhen Composite advanced 1.72% to 1,732.61 points, as investors became more upbeat after the Chinese president, Xi Jinping, defend closer commercial ties with the USA, during a meeting yesterday with the main American business leaders in Beijing, and ensure that the second largest economy in the world has not yet reached its peak.

In a note to clients, Citi raised its forecast for the rise in China’s Gross Domestic Product (GDP) this year, from 4.6% to 5%, assessing that the Asian giant had a solid performance at the beginning of 2024, despite the continued weakness in the real estate sector and having been partially favored by the leap year effect.

The Hang Seng was also in the black today, rising 0.91% in Hong Kong, to 16,541.42 points, helped by technology shares.

On the other hand, the Japanese Nikkei fell 1.46% in Tokyo, to 40,168.07 points, on a day in which several shares were traded ex-dividend and amid uncertainty about possible intervention by the Japanese government in the foreign exchange market, after the yen hit almost 34-year lows against the dollar yesterday.

Elsewhere in Asia, South Korea’s Kospi fell 0.34% in Seoul, to 2,745.82 points, and Taiex gave up 0.27% in Taiwan, to 20,146.55 points.

In Oceania, the Australian stock market ended the first quarter at an all-time high. The S&P/ASX 200 advanced 0.99% in Sydney, to an unprecedented level of 7,896.90 points, accumulating gains of 4% between January and March. Business in Australia will only resume on Tuesday (02), after the extended Easter holiday.