Advertisements
The Ibovespa, main index of the Brazilian stock exchange, closed the session this Tuesday (21) up 1.31%, at 128,262.52 points. The rise was driven by the appreciation of commodities, such as oil and iron ore, and by the recovery of companies in the retail sector.
IRB shares (IRBR3) soared 10.60%, leading gains on the Ibovespa. The rise was driven by the release of the company's net income of R$24 million in November 2023, reversing the loss of R$104 million recorded in the same period of the previous year.
Other highs on the Ibovespa
- Petrobras (PETR3; PETR4): rose 3.32% and 2.82%, respectively, after the rise in oil prices on the international market;
- Vale (VALE3): rose 2.73%, following the appreciation of iron ore on the Dalian stock exchange in China;
- Retail companies: Magazine Luiza (MGLU3), Lojas Renner (LREN3) and Via (VIIA3) rose between 2.5% and 4%, recovering after recent falls.
Stock Market Declines
- Healthcare companies: Fleury (FLRY3) and Hapvida (HAPV3) fell 2.34% and 1.82%, respectively, after releasing results below market expectations;
- Embraer (EMBR3): fell 1.54% after the company announced the suspension of jet deliveries to Russia.
Analysis
- Analysts: believe that the Ibovespa may continue to rise in the coming days, driven by the recovery of the Brazilian economy and the rise in commodities;
- Risks: the war in Ukraine and global inflation could affect market performance.
Investors
Experts recommend diversifying investments and seek opportunities in different sectors of the economy.
Advertisements
Additional Factors That Influenced the Market
- Fees: The futures interest rate curve fell, with the DI rate for January 2024 falling from 13.75% to 13.65%. The fall in interest rates could stimulate investment and consumption, positively impacting the stock market;
- Exchange: The commercial dollar closed down 0.84%, quoted at R$ 5.15. The devaluation of the US currency may benefit companies that export their products, as it increases the competitiveness of Brazilian products in the international market;
- Exterior: International stock markets also rose on Tuesday, with the S&P 500 index, which includes the 500 largest companies in the United States, rising 1.47%. The rise in international stock markets may have had a positive impact on the Ibovespa;
- Financial volume: The financial volume traded on B3 this Tuesday was R$32.2 billion, slightly below the average of recent days;
- Highest growth sector: The commodities sector rose the most on Tuesday, rising 2.43%;
- Sector with the biggest drop: The health sector was the one that fell the most this Tuesday, with a drop of 1.25%.
The Ibovespa index closed higher on Tuesday, driven by the appreciation of commodities, the recovery of companies in the retail sector and the fall in interest rates. The rise in the index indicates that investors are more confident in the Brazilian economy.
Image: Internet Reproduction
Advertisements
