This Wednesday (24), the Ibovespa fluctuated throughout the day but ended its session with a drop of 0.33%, at 124,740.69 points. The Brazilian index loses 125 thousand points and accumulates losses.
The local market followed the foreign market, as both in Europe and the United States, losses were significant. Furthermore, the dollar reacts to US data and the BC director’s speeches.
Jaqueline Kist, capital market specialist and partner at Matriz Capital spoke to the BM&C News portal and analyzed the Brazilian stock exchange trading today.
To begin with, Kist said that investors have shown caution following the rise in inflation expectations in Brazil for 2025 and GDP in 2024 in this week’s Focus Bulletin, with an eye on the IPCA-15 and the March PCE in the US to be released in Friday.
In the micro scenario, the partner at Matriz Capital said that expectations regarding this results season are for another not so positive quarter, given a more difficult macro scenario domestically and globally, although with a slight improvement compared to 2023.
The capital market specialist also highlighted the main declines in the stock market. “Today, we have PETZ3. The stock operates as the biggest drop in the Ibovespa today, returning part of the appreciation of almost 40% at the close of last Friday, after the announcement of a possible merger with Cobasi, and since yesterday it has faced a strong correction. Even with the drop, the stock still accumulates an increase of around 36% compared to last Friday’s closing, driven by the assessment of synergy between the two companies”. She added, “another drop is from USIM5. Even with the rise in iron ore, Usiminas shares face the second biggest drop in today’s trading session, also having the sixth largest trading volume on the exchange”.
Among the highs, Jaqueline highlighted RECV3. The shares rose more than 4% in today’s trading session after the announcement of a possible merger with Eneva, announced in the morning by Valor Econômico. In addition, ABEV3, even without relevant facts or news regarding the company this week, Ambev sees recovery in the company’s shares after a sharp drop in the year, being on the purchase radar with a cheap valuation.
In the United States, Wall Street indices closed mixed, awaiting data from the Fed on Friday and following the behavior in Europe. The dollar, on the other hand, soared once again, in the same wake of the rising future interest rate curve, with expectations of high interest rates for longer in the United States, which increases the attractiveness of American fixed income, drawing capital, and therefore increasing , the risk premium assessed especially on the stock exchanges of emerging countries.
