O Ibovespa (IBOV) rose 2% on Monday and closed above 117,000 points for the first time since February 19, driven by the Vale (VALE3) after a share buyback announcement and endorsed by maximums in Wall Street amid optimistic perspectives for the North American economy.
Reference index of the Brazilian stock market, Ibovespa ended up 1.97%, to 117,518.44 points. The financial volume of the session totaled R $ 25.9 billion.
New York stock exchanges started the week with new records for the S&P 500 and Dow Jones, after data from the US labor market and services sector fueled expectations that the country may have the best annual economic growth in 2021 in almost four decades.
The US Department of Labor announced on Friday that 916 thousand jobs were created in March, in net terms and outside the agricultural sector, accelerating the pace of hiring in relation to February (468 thousand) and exceeding expectations ( 647 thousand vacancies).
On Monday, the service sector activity index released by the Supply Management Institute (ISM) recovered to a reading of 63.7 last month – the survey’s historic high and after a brand from 55.3 in February.
In the view of Speed Invest’s head of variable income, Caio Rodrigues, especially the figures on the creation of US job openings showed that the economy is much more heated than economists expected, which is being viewed with “great eyes”.
“The market is very strong abroad, and this is also pulling the Brazilian market.”
Vale (VALE3) rose 6.16%, to a new closing high of 103.39 reais. The mining company’s board approved on Thursday a buyback program of up to 270 million shares, which represent up to 5.3% of the total number in circulation.
And the Federal Prosecutor’s Office decided to file an application by Israeli businessman Benjamin Steinmetz, who accused company executives of illicit practices linked to the Simandou mining project in Guinea.
Itaú Unibanco (ITUB4) e Bradesco (BBDC4) advanced 1.29% and 0.92%, respectively, benefiting from the generalized climate of greater risk appetite.
Already Bank of Brazil (BBAS3) yielded 0.13%, after resignation of members of the board of directors, including the chairman of the board.
President Jair Bolsonaro last week appointed Fausto de Andrade Ribeiro as the new president of BB.
Petrobras (PETR4) closed with an increase of 0.63%, in a session marked by a drop in oil prices abroad, with Brent falling more than 4%.
The company announced on Monday that its prices for the sale of natural gas to distributors will increase by 39% as of May 1, when it will apply the quarterly adjustment provided for in the contract.
Yduqs (YDUQ3) e Cogna (COGN3) rose 8.67% and 5.99%, respectively, finding support in the most favorable climate on the stock exchange, in addition to expectations related to vaccination in the country. The papers accumulate a drop of around 12% in the year, against a decline of around 1% of the Ibovespa.
The expectation of a reopening of the economy has benefited papers, as well as CVC, which ended with an increase of 5.4%.
Cemig (CMIG4) fell 2.04%, amid adjustments, after rising almost 9% in March, in the wake of the quarterly result and announcement that it expects to conclude the sale of its stake in the electricity transmission company Taesa later this year.
The state electricity company estimated last week that the 2021 result should be supported by a closed agreement with the government last year on the so-called “hydrological risk”.
Qualicorp (QUAL3) yielded 1.28%, the third trading session followed by a loss after disclosing the quarterly result known last week, which showed a drop in revenues, operating performance and margins.
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