The stock exchange today operated in a steady decline, with the market still digesting the decision by the Central Bank’s Monetary Policy Committee (Copom) to cut the Selic rate by 0.25 percentage points. By lowering interest rates, the Copom communicated a division among members of the collegiate, which weakened the conduct of monetary policy. Thus, future interest rates soared, while the Ibovespa fell 1%, to 128,188 points.
The dollar, on the other hand, rose with the effects of the Copom decision. The division between members signals that inflation control may be softer in the future, which devalues the real. Thus, the dollar today appreciated by 1.01%, quoted at R$5.1422.
Check out the highlights of the stock exchange, Ibovespa, dollar and foreign indices today.
Ibovespa today
Ibovespa today experienced a general decline, with a drop in at least 60 shares of the 81 that make up the stock exchange’s main index.
The financial market had a bad reaction to the Copom’s latest decision. Despite the interest rate cut, investors believe that the committee’s internal division was enough to signal that the next BC board, with a majority appointed by the current government of President Luiz Inácio Lula da Silva (PT), should adopt a looser monetary policy with inflation.
“Very negative day for the Brazilian stock market. We had a definition of a rate cut, reducing the magnitude. We already expected this 25 bps change in the rate, but what caused the market to fall was how the decision was transmitted”, says Pedro Moreira, partner at One Investimentos.
“When moving to next year, we will have a BC president who is more expansive with monetary policy, much more in favor of cutting interest rates”, he adds.
On the day, Petrobras (PETR3;PETR4) and Vale (VALE3) avoided a free fall of the Ibovespa. The ON (PETR3) and PN (PETR4) shares of the state-owned company rose 1.76% and 0.97%, respectively. Meanwhile, the mining company’s stock increased 0.81%.
The main fall of the day was the share of 3R Petroleum (RRRP3). The share fell 6.63% after the junior oil company posted a loss of R$229.9 million in the first quarter.
Dolar today
On the other hand, the dollar registered an increase of 1.01%, quoted at R$ 5.1422. The positive exchange rate fluctuation reflects the flight of investors from Brazil in the face of uncertainties raised by the Copom decision;
Furthermore, American stock markets show recovery this week, indicating that the scenario is for investors to enter both fixed and variable income in the USA.
On the international scene, the dollar lost momentum against other important pairs in the world, such as the yen and the euro. Thus, the DXY index, which reflects the performance of the American currency against other major economies, fell 0.31%, to 105.22 points.
Best shares on the stock market
Considering all the shares on B3, the best performance of the day was the share of 3Tentos (TTEN3). The sugar and alcohol company’s share rose 13.04%, marked by a positive reception of the company’s results in the first quarter by the market.
3Tentos recorded a profit of R$156.4 million, an increase of 51.4% compared to the first quarter of 2023.
Check out the five main increases on Bovespa this Thursday (9). The list has the criterion of listing only shares on the stock exchange with more than a thousand purchase or sale transactions registered during the trading session.
- 3Tents ON (TTEN3): +13.04%
- Hi BR ON (OIBR3): +4.41%
- Locaweb ON (LWSA3): +4.06%
- Ambipar ON (AMBP3): +3.71%
- Blau Farmacêutica ON (BLAU3): +3.64%
Worst stocks on the stock market today
On the other hand, the worst share on the stock exchange today was the preferred Eucatex (EUCA4). The stock fell 10.21% on Bovespa.
See below the five main falls on the stock market today. The ranking follows the same criteria as the list of best assets.
- Eucatex PN (EUCA4): -10.21%
- Mobly ON (MBLY3): -10.04%
- JSL ON (JSLG3): -7.58%
- Movida ON (MOVI3): -6.70%
- 3R Petroleum ON (RRRP3): -6.67%
New York Stock Exchanges
New York stock exchanges closed firmly higher today, driven by the much larger than expected increase in the number of unemployment insurance claims in the United States, in addition to a sharp decline in Treasury rates following an auction of 30-year T-bonds.
The Dow Jones index closed up 0.85%, at 39,387.69 points, while the S&P 500 rose 0.51%, at 5,214.08 points. The Nasdaq advanced 0.27%, to 16,346.26 points.
European Stock Exchanges
The main ones stock indices from the Europe ended Thursday (9) in highrenewing recordsafter the Bank of England (BoE) maintain their unchanged interest at 5.25% per year, as indicated by most market estimates.
Thus, the index Stoxx 600 rose 0.19%, to 516.76 points, after renewing intraday highs. Meanwhile, the DAXfrom Frankfurt, advanced 1.02% to 18,686.60, the CAC 40in Paris, rose 0.69%, to 8,187.65, and the FTSE 100, on the London Stock Exchange, gained 0.33%, to 8,381.35 points.
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Tags: Copom drops Ibovespa thousand points drops dollar R5 .14
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