Ibovespa closes up 0.65% with Petrobras (PETR4) and Vale (VALE3); dollar falls to R$ 5.11

The Ibovespa closed up 0.65%, at 127,351.79 points this Monday (04/29). The index was driven by the shares of Vale (VALE3) and Petrobras (PETR4). The market’s good internal mood followed the risk appetite of foreign stock exchanges, which also made gains.

The dollar, on the other hand, registered stability against the Brazilian real. The American currency suffered a slight drop and is quoted at R$5.11. With gains on world stock markets, it also lost strength against the main international pairs, such as the yen and the euro.

Ibovespa

The Ibovespa ended the day on a high given the stable oscillation it showed until the middle of the trading session.

The index gained momentum from the firm rises in Vale (VALE3) and Petrobras (PETR3;PETR4) shares. The mining company’s share jumped 1.86%, while the oil company’s share rose 1.52% for the preferred share (PETR4) and 1.46% for the common share (PETR3).

But the Ibovespa movement was “measured”, according to the analysis of Alexsandro Nishimura, economist at Nomos. This is because the economic agenda will only “incorporate” from Wednesday, when the Fomc (Monetary Policy Committee), of the Federal Reserve (central bank of the United States), decides on the interest rate in the USA.

In addition to the rises in Vale and Petrobras, the highlight on Ibovespa was Casas Bahia (BHIA3). The retailer’s shares rose more than 30% after the group restructured a R$4.1 billion debt to creditors.

On Sunday night (28), Casas Bahia (BHIA3) reported that it had reached an extrajudicial recovery request with its two main creditors: Bradesco and Banco do Brasil. Together, they hold 54.5% of the retailer’s total debt.

The market saw the agreement as positive for Casas Bahia. Analysts considered that the restructuring brings “relief” to Casas Bahia’s cash generation. According to the retailer itself, the agreement brings positive impacts of R$4.3 billion in cash over the next 4 years. The benefit will be R$1.5 billion in 2024.

Dollar

The North American currency began falling and touched a low of R$5.10 during the session. The dollar, however, closed the day in stability, with a slight negative fluctuation of 0.03%, quoted at R$5.1148.

The fall in American Treasury fixed income securities, or Treasuries, contributed to the dollar not rising against the real again.

“The currency had a slight recovery after the PCE suggested more controlled inflation than last week”, says Luiz Bazzo, CEO of Transferbank.

Abroad, the dollar deepened its decline against international pairs. The DXY index, which compares the US currency against other developed economies, fell 0.30%, to 105.62 points.

On the eve of the definition of the last Ptax rate for April, and the rollover of futures contracts could already make the foreign exchange market more unstable.

Stocks on the rise

Casas Bahia’s share (BHIA3) was at the top of the ranking of the largest shares on the stock exchange. The share closed at its highest, quoted at R$7.30, with an appreciation of 34%.

Check out the five main gains of the trading session below. The list of largest shares follows the criterion of listing only securities with more than a thousand transactions carried out during the stock exchange session.

Casas Bahia ON (BHIA3): +34.19%
Biomm ON (BIOM3): +10.99%
Pão de Açúcar ON (PCAR3): +9.06%
Goal PN (GOLL4): +7.38%
Hypera ON (HYPE3): +5.36%

Stocks falling

On the other hand, the stock with the biggest drop was Lojas Quero-Quero (LJQQ3). The stock fell 11%. See below the five main falls of Ibovespa. The ranking follows the same criteria as the previous list.

Lojas Quero-Quero ON (LJQQ3): -11.00%
Zamp ON (ZAMP3): – 4.23%
Petz ON (PETZ3): -3.98%
Positive ON (POSI3): -3.28%
Viveo ON (VVEO3): -2.93%

New York Stock Exchanges

New York stock exchanges closed with a slight increase after giving back part of their earlier gains with the release of the United States Treasury’s quarterly refinancing report. Investors now await the week’s quarterly balance sheets and the Federal Reserve’s (Fed, the North American central bank) monetary policy decision on Wednesday.

At the close, the Dow Jones index rose 0.39%, to 38,387.06 points, while the S&P 500 rose 0.32%, to 5,116.15 points. The Nasdaq gained 0.35%, at 15,983.08 points.

European Stock Exchanges

European stock exchanges closed with attention to data from the region and the stance of the European Central Bank (ECB). The consumer price index (CPI) in Germany pointed to persistent inflation in the bloc’s largest economy, which raised uncertainty about the euro zone’s monetary policy. Furthermore, the earnings season remains in focus.

In Frankfurt, the DAX fell 0.24%, to 18,118.32 points. In Madrid, the Ibex 35 fell 0.48%, to 11,100.80 points, pressured by political uncertainty in the country.

Among the companies, according to Reuters, BHP may improve its offer for Anglo American, after having its initial proposal of US$39 billion rejected last week. In London, Anglo American shares rose 3.54%. In the city, the FTSE 100 rose 0.09%, to 8,147.03 points.

Between reports, Vivendi increased its revenue by more than 5% in the first quarter, but the French media group’s shares fell 0.12% in Paris, where the CAC 40 fell 0.29%, to 8,065.15 points . In Milan, the FTSE MIB rose 0.14% to 34,296.31 points. In Lisbon, the PSI 20 advanced 1.03%, to 6,680.62 points.

*With information from Estadão Conteúdo.