O Ibovespa opened this Thursday’s session (09) with a fall, and at around 10:20 am, the index fell 1.41%, to 127,652 points.
O Petroleum advances this morning, but the Petrobras goes against the grain: Petrobras ON (PETR3), -0.55% at R$43.46 and Petrobras PN (PETR4), -0.51% at R$41.06.
Already the iron ore closed down 1.65% this morning in Dalian, China. A OK (VALE3), in turn, falls 0.16% to R$ 63.90.
The biggest increase in Ibov at the beginning of the session it is from Rede D’Or (RDOR3), +2.47% at R$30.25, followed by Vibra (VBBR3), +0.86% at R$23.58 and Totvs (TOTS3), +0.57% to R$28.31. These are the only assets that go up.
On the negative side, Cogna (COGN3) leads the losses of the Bovespa index with -11.47% at R$2.03. Ultrapar (UGPA3), -8.40% at R$24.55 and Yduqs (YDUQ3), -6.22% at R$15.07, appear next.
Among the companies that reported their 1Q24 balance sheets, Banco do Brasil (BBAS3) falls 3.45% to R$27.38, Casas Bahia (BHIA3) falls 3.16% to R$6.85 and Eletrobras (ELET3) loses 3.23% to R$38.30.
On investors’ radar
O Ibovespa today impact and decision of the Copomwhich last night, cut the Selic rate by 25 basis points, to 10.50%, abandoning the indication from the previous meeting, when the committee predicted a reduction of 50 basis points.
The decision was close, with the score of 5 to 4. Roberto Campos Neto, president of the Central Bank, voted in favor of the 25 basis point cut. The reduction in monetary easing tends to have negative repercussions on the market, which expects a Selic below double digits as soon as possible.
Meanwhile, investors are still looking at relevant balance sheets that could move the market. Ibov todaysuch as Banco do Brasil (BBAS3), Eletrobras (ELET3) and Casas Bahia (BHIA3).
Biggest highs and lows of Ibovespa
Dollar exchange rate
A dollar exchange rate today rises 1.40% to R$5.1627.
O Dolar today follows the climate of risk aversion that takes over the market after frustration with the Copom decision the day before.
Asian stocks close mixed
Asian stock markets closed with no single direction this Thursday, with those in mainland China and Hong Kong strengthening after better-than-expected Chinese foreign trade data.
The main Chinese stock index, the Shanghai Composite rose 0.83% to 3,154.32 points, while the less comprehensive Shenzhen Composite advanced 1.34% to 1,796.61 points. In Hong Kong, the Hang Seng registered a gain of 1.22%, at 18,537.81 points. Both China and Hong Kong deals were boosted by real estate and semiconductor stocks.
In April, China’s exports expanded by 1.5% annually, slightly higher than expected, after falling significantly in the previous month. Chinese imports jumped 8.4% in April, much more than expected.
Elsewhere in Asia, the day was one of losses: the Japanese Nikkei fell 0.34% in Tokyo, to 38,073.98 points, pressured by electronics and chip stocks, while the South Korean Kospi fell 1.20% in Seoul , at 2,712.14 points, under the weight of financial, internet and automotive sector securities, and Taiex gave up 0.68% in Taiwan, at 20,560.77 points.
In Oceania, the Australian stock market was also in the red, interrupting a sequence of five positive sessions. The S&P/ASX 200 fell 1.06% in Sydney, to 7,721.60 points, due to weakness in banking and consumer-related shares.
*With information from Dow Jones Newswires and Estadão Conteúdo
Last closing of Ibovespa
O Ibovespa ended yesterday’s session (08) up 0.21%, at 129,480.89 points.
