Bloomberg Línea — O Ibovespa (IBOV) had a session of losses this Tuesday (23) and ended the day with a drop of 0.34%, at 125,148 points, amid a drop in commodity prices, such as iron ore. The decline in prices weighed on the OK (VALE3), which fell and was among the biggest negative contributions on the day.
The roles of Petrobras (PETR3; PETR4) also gave in, despite the rise in oil prices, with investors waiting for the shareholders’ meeting to decide on the distribution of extraordinary profits, which will be held on the 25th.
O dollar (USDBRL), in turn, fell 0.81% and was trading at R$5.13 at closing.
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The negative performance of Ibovespa was also influenced by the fall of Usiminas (USIM5), which fell after the release of the first quarter balance sheet. The steel company frustrated the market with lower-than-expected guidance, according to Morgan Stanley, which caused shares to fall 13.91%.
The company recorded a net profit of R$35.6 million in the period, a drop of 93% in the annual comparison. Adjusted EBITDA was R$416 million, a reduction of 47% compared to the first quarter of last year.
The import of steel from China is a factor highlighted by the company as one of the reasons that have affected the sector and the company. This Tuesday, the federal government announced measures to support the sector, with the increase in import tariffs to 25% and the definition of quotas. The tariff will be applied to the import volume that exceeds the established quota.
On the other hand, shares in Grupo Fleury (FLRY3) rose after the company announced the purchase of five laboratories from the Santa Catarina group São Lucas in Itajaí and Balneário Camboriú, cities relevant to the healthcare market aimed at high-income patients in the state of South. The deal takes place a year after Fleury concluded the merger with Pardini from Minas Gerais and marks the company’s return to M&A operations.
Another highlight was Grupo Pão de Açúcar (PCAR3), which rose 11.69%. The retailer’s shares were among the biggest risers of the day, alongside Natura&Co (NTCO3), 3R Petroleum (RRRP3) and Prio (PRIO3). Itaú Unibanco (ITUB4) also advanced and was the main positive contribution to the index.
In the United States, the main indices advanced, influenced by a rally in shares of large technology companies, while investors await the release of the sector’s balance sheets.
Tesla (TSLA) rose after the electric vehicle maker said it will accelerate the launch of more affordable models after posting a worse-than-expected profit. The shares interrupted a seven-day decline, rising along with other shares in the group of high-value companies.
In addition to Tesla, Microsoft (MSFT), Google’s Meta Platforms (META) and Alphabet (GOOGL) are also expected to release results this week.
– With information from Bloomberg News.
