The stock exchange closed the 1st day of April down 0.87%, at 126,990.45 points. The drop was motivated by pressure from the external scenario and investors’ feeling of caution after data from the United States indicated that inflation may not be controlled so easily.
Abroad, 10-year American Treasury bonds, Treasuries (US10Y) rose almost 1 percentage point, strengthening the dollar against the real in trading. The North American currency is now quoted at R$5.0591.
Ibovespa
The beginning of the month comes from a negative balance in the first quarter for Ibovespa. The stock market fell 4.5% between January and March 2024. It is, therefore, the beginning of a month in which the market seeks recovery.
But this Monday’s trading session (1st) was marked by investor uncertainty, as signs from the American economy show that the Federal Reserve (Fed, American central bank) may tighten interest cuts in the fight against inflation in the country. .
The Ibovespa opened higher today, but, throughout the day, the American industrial PMI came in above market expectations. When this occurs, it means that the country’s industrial activity is at an “expansionist” level, notes Ativa Investimentos.
The data was accompanied by speeches by Jerome Powell, president of the Fed, signaling that the authority will “await inflation data that corroborates the interest rate cut reading”.
“And from then on, from the reading combined with Powell’s speech, the market began to work with a strong correction”, says Diego Faust, operator at Manchester Investimentos.
The main effect on Ibovespa, according to the analyst, was the increase in the future interest rate curve. “Our DI bond curve has risen almost 1% in contracts from 2026 onwards,” he says.
Ibovespa shares suffered a widespread drop. The main highlights of the day were the shares of Hapvida (HAPV3) and IRB Brasil (IRBR3), which rose 6.49% and 2.25%, respectively. Quotes were updated at 5:55 pm.
Stock Exchange
Therefore, in a report issued before the opening of the stock exchange, Itaú BBA indicates that the Ibovespa range is well defined. “Support at 124,800 points and resistance at 131,700 points. What could have been a boost here, in the case of the global scenario renewing highs, was not”, explains the report.
Thus, and despite this, Fábio Perina and team, who signed the document, indicate that from a medium-term perspective, as long as the index remains above its 200-period moving average, the main target to be pursued continues to be the region of 150 thousand points.
Dollar exchange rate
The dollar began to rise at the beginning of trading this Monday, following the rise in Treasuries abroad.
According to Virgílio Lage, specialist at Valor Investimentos, the rise in exchange rates today was due to an environment of cautious investors. The tone, therefore, was “risk aversion in relation to central banks’ control over inflation”, he explains.
Thus, the dollar appreciated by 0.87% against the Brazilian real, ending the day at R$5.0591.
Valued shares
Considering all the shares listed in Ibovespa indexes, the best performance of the day was the class A preferred asset of Comgas (CGAS5). The stock rose 11.39%, in the opposite direction to Ibovespa, and generated around R$3.15 million in daily liquidity.
Check out the five main rises in the stock market below. The list only includes Ibovespa shares that moved more than R$1 million in transactions within the session.
- Comgas PNA (CGAS5): +11.39%
- Hapvida ON (HAPV3): +6.49%
- Technos ON (TECN3): +6.14%
- Viveo ON (VVEO3): +5.85%
- ABC Brasil PN (ABCB4): +5.08%
Stocks falling
The falling stock was the transport and logistics company Log-In (LOGN3). The carrier’s stock fell -10.99%.
Below, see the five main falls on the stock market. The list of actions follows the same criteria as the previous ranking.
- Log-In ON (LOGN3): -10.99%
- Ambipar ON (AMBP3): -10.26%
- Qualicorp ON (QUAL3): -9.31%
- Goal PN (GOLL4): -6.55%
- Locaweb SA ON (LWSA3): -5.99%
New York Stock Exchanges
The New York stock exchanges closed mixed after industry and inflation data reduced market conviction regarding the magnitude of interest rate cuts in the United States, in the wake of cautious signals from the president of the Federal Reserve (Fed, the North American central bank), Jerome Powell.
Thus, the Dow Jones index ended the session down 0.60%, at 39,566.85 points; the S&P 500 fell 0.20%, to 5,243.77 points; and the Nasdaq advanced 0.11%, to 16,396.83 points.
*With information from Estadão Conteúdo
Do you want to know how a stock exchange works? Access the free online course from the B3 Education Hub.
