The stock exchange today saw a strong rise in trading this Thursday (2). The Ibovespa recovered to the level of 127 thousand points after the improvement of the risk assessment of the sovereign debt by the agency Moody’s. The agency changed Brazil’s outlook from “stable” to “positive”. In this way, there was a strong upward movement for retailer shares with optimism for the economy, in addition to a significant increase in Vale shares (VALE3). Thus, the Ibovespa closed up 0.95%, at 127,122 points.
The dollar, on the other hand, registered a fall against the real this Thursday (2). The North American currency closed the day at R$5.1134, suffering a devaluation of 1.53%.
Thus, Ibovespa recovered from a drop of more than 1% in the previous session. Check out the highlights from the stock exchange trading session today.
Ibovespa today
The Ibovespa today saw a general increase this Thursday, with only 14 shares registering a drop within the index of 86 assets.
Between Moody’s increased rating outlook for Brazil’s sovereign debt and the market’s good mood following Wednesday’s Fed meeting, the Brazilian market experienced an increase in investors’ risk appetite.
Alexsandro Nishimura, economist at Nomos, highlights that the performance of Brazilian blue chips, Vale and Petrobras, set the tone for the index’s rise. Both ON and PN shares of the state oil company rose 0.38%, while the mining company’s shares appreciated by 1.41%.
He also highlights the gains from bank assets within Ibovespa. Itaú Unibanco’s preferred shares (ITUB4) rose 1.45%. Banco do Brasil (BBAS3) shares rose 1.06%.
But retailers are the ones that saw the biggest increases in the index, “reflecting the fall in future interest rates”, says Nishimura. Thus, the share of Casas Bahia (BHIA3) rose 15.18%, the main positive highlight, followed by the share of CVC (CVCB3), with an increase of 12.44%.
“Lower interest rates mean lower borrowing costs,” says Anderson Silva, partner at GT Capital. “This can benefit domestic consumer companies, which is why we see these increases”, he adds.
Furthermore, another highlight of the day among retailers is Vivara (VIVA3), which joined the Ibovespa this week. Vivara shares rose 0.77% at the aforementioned time.
Dolar today
The dollar registered a fall against the real on the stock exchange today. The American currency fell sharply “in a session marked by technical readjustments”, says Luiz Felipe Bazzo, CEO of Transferbank.
Another factor that contributed to the fall of the dollar in the domestic market was the reassessment of Moody’s rating outlook, says the analyst.
The dollar today closed the day at R$5.1134, suffering a devaluation of 1.53%.
On the world stage, the dollar also lost strength against the main global pairs, such as the yen and the euro. Thus, the DXY index, which compares the currency against important currencies, fell 0.35%, to 105.39 points.
For May, the outlook is for a slight drop in the dollar, according to Alexandre Pletes, head of variable income at Faz Capital.
“It is expected that in May the dollar will remain operating in the range of R$5.10, without major variations in relation to current values”, says Pletes.
Best shares on the stock market
Considering all the shares present on B3, the best performance of the day was the share of Enjuei (ENJU3). The asset rose 20% amid the fall in future interest rates.
Check out the five main rises in the stock market today below. The list has the criterion of listing only Bovespa shares that exceeded a thousand purchase or sale operations during the trading session.
- Nauseated ON (ENJU3): +20.09%
- Casas Bahia ON (BHIA3): +15.18%
- CVC Brasil ON (CVCB3): +12.44%
- D1000 ON (DMVF3): +9.69%
- Pão de Açúcar ON (PCAR3): +8.53%
Worst stocks on the stock market today
The worst action on the stock exchange today was Biomm (BIOM3). The stock fell almost 7% after successive increases with the market eyeing the production of a similar product to Ozempic, a weight-loss and diabetes-fighting medicine, in Brazil.
- Biomm ON (BIOM3): -6.93%
- Marcopolo ON (POMO3): -3.20%
- Oncoclinics ON (ONCO3): -2.85%
- Banco ABC Brasil PN (ABCB4): -2.85%
- BrasilAgro ON (AGRO3): -2.34%
New York Stock Exchanges
The New York stock exchanges ended today’s trading session with gains driven by market relief following the Federal Reserve’s (Fed) interest rate decision and balance sheets that pleased investors.
The Dow Jones index closed with an increase of 0.85%, at 38,225.66 points, while the S&P 500 registered an increase of 0.94%, at 5,064.20 points. Finally, the Nasdaq jumped 1.51% and parked at 15,840.96 points.
European Stock Exchanges
Europe’s main stock exchanges, on the other hand, registered a fall following the Federal Reserve’s decision. The London equity market was the exception, with the FTSE 100 index rising 0.63% to 8,172.15 points.
Thus, on the continent, the stock markets closed in the red, with a 0.19% decline in the Stoxx 600 index to 503.33 points. In regional markets, Frankfurt’s DAX fell 0.20% to 17,896.50 points, while Paris’ CAC 40 fell 0.88% to 7,914.40 points.
Tags: Ibovespa rises returns thousand points Moodys assessment dollar falls
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