Despite the sharp correction of oil, falling by more than 4%, reflecting moderate to reversed in Petrobras shares (PN + 0.63%, ON + 1.06% at the close), the Ibovespa opened the week recovering losses in the previous two sessions, benefited by some accommodation in the dollar (down 0.62% to R $ 5.67798), per positive day in New York, with gains of up to 1.67% (Nasdaq), and due to the strong performance of Vale ON (+ 6.16%), in a new historical high for the stock, traded at R $ 103.82 very close to the closing. Thus, the index managed to sustain 117,000 points at the close, after having flirted with the brand in the previous three sessions, now reaching its highest closing level since February 19 (118,430.53).
On Monday (5), the B3 index closed up 1.97%, at 117,518.44 points, with the day’s high at 117,667.85, for the fourth time in a row above the threshold of 117 thousand at the respective intraday peaks. , highest sequence since the interval until February 22.
Overcoming the resistance of 117,000 is considered essential for the index to recover the intermediate top of 120,000 points, analysts point out. From abroad, the risk appetite on Monday was conditioned by the disclosure on Friday, with closed markets, “of employment data much stronger than expected, indicating improvement in economic activity” in the United States, points out Paula Zogbi , an analyst at Rico Investimentos.
“There is a favorable position on the chart, but also on some fundamentals, with prices still good at the moment, maybe not so much when it reaches 118 thousand, before a reversal that should come there at 122 thousand, 123 thousand points”, says Renato Chain, economist at Parallaxis, calling attention especially to the financial and commodities segments, but also to the consumer segment, with discounted prices, although with recovery still compromised by high unemployment and income restriction.
“With the strong increase in Vale, due to the appreciation of iron ore and the announcement of the buyback program of up to 5% of the outstanding shares, a sign of the company to the market that the shares are cheap, the Ibovespa started the week challenging the range of 117 thousand points “, observes Rafael Ribeiro, an analyst at Clear Corretora. “The breakdown of this level, which served as an intermediate resistance in March, will be crucial for the resumption of the short-term upward trend”, he adds.
Despite the discounts on offer at B3, the domestic scenario remains obscured by the still slow progression of vaccination and the dispute between Congress and the economic team, not yet mediated by the Planalto Palace in the form of vetoes, to the 2021 Budget. at an XP Investimentos event, the Minister of Economy, Paulo Guedes, was diplomatic in saying that “everyone is together” in the search for a solution to the impasse, which also involves guidance from the Federal Court of Accounts (TCU) to the government .
This Monday, with financial turnover of R $ 29.4 billion in B3, highlight to Yduqs (+ 8.67%), Hering (+ 6.99%) and Vale (+ 6.16%), the three largest Ibovespa highs in the session. On the opposite side, Cemig yielded 2.04%, Marfrig, 1.96%, and Qualicorp, 1.28%. The banks had a mostly positive performance, with the exception of BB ON (-0.13%), while in the steel industry, gains reached 2.72% (CSN) at the close of the session.
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