O Ibovespa (IBOV) had another volatile session on Wednesday, closing with a marginal increase, but with the volume on the floor again weaker, while financial agents continue to await definitions related to the Budget and measures against the pandemic of coronavirus.
Reference index of the Brazilian stock market, the Ibovespa rose 0.11%, to 117,623.58 points. During the trading session, it reached 118,303.28 points at the best moment. At the minimum, it reached 116,747.95 points.
The financial turnover amounted to R $ 28.6 billion, below the daily average of R $ 36.7 billion in the year and of R $ 36.9 billion in March. In the first trading sessions of April, the average reached 26.2 billion reais.
In the view of the analyst at Terra Investimentos Régis Chinchila, this worsening is due to the caution of investors who await definitions in relevant guidelines such as Budget and measures against the pandemic of the Covid-19, while issues such as administrative and tax reforms are still in the queue. “The scenario is one of many uncertainties,” he said.
Market participants have attributed the positive performance of the recent Ibovespa to the prognosis for the recovery of the global economy, driven mainly by USA e China, which supports the performance of the shares of companies like Vale, with a relevant weight in the index. In April, the Ibovespa accumulated an increase of 0.85%.
In this context, it favors signaling by the Federal Reserve in the minutes of the last US monetary policy decision, which, in the view of the Earth analyst, sees the US economic data rising again along with the deceleration of the pandemic in the country.
Despite the gain in traction, Fed officials estimated that the US economy remains far from long-term (Fed) objectives and that the path ahead remains highly uncertain, reiterating monetary policy support until the recovery is more assured.
The minutes, in the view of the chief strategist of modalmais digital bank, Felipe Sichel, show comfort with the maintenance of the monetary policy parameters adopted until now, with the perspective that any changes have not yet been discussed by the committee and will be communicated with ample advance .
That perception helped the S&P 500 to close in the blue in New York.
Dasa (DASA3), which is not on the Ibovespa, collapsed 50.01%, after pricing the offer of shares at 58 reais per paper the day before, below the indicative range estimated for the follow on between 64.90 and 84.50 reais.
The pricing also represented a strong discount compared to the closing price of the paper on Tuesday, of 144.01 reais. The company raised 3.3 billion reais with the operation.
Bradesco (BBDC4) lost 1.09% and Itaú Unibanco (ITUB4) retreated 0.88%, again weighing on the negative side, in the face of impasses related to the Budget and fiscal fears, in addition to concerns about an eventual increase in the sector’s taxation.
Bank of Brazil (BBAS3) yielded 0.64%.
Vale (VALE3) increased 2.46%, renewing historical maxims and even surpassing 105 reais at the best moment.
The mining and steel sectors closed higher, after the reference futures for iron ore in Asia rose, with record steel prices in China.
Anfavea also reported an increase in vehicle production in Brazil in March.
Braskem (BRKM5) increased by 5.95%, continuing the recent upward movement, amid the assessment in the market that the company is well positioned to take advantage of the solid demand for petrochemical products, with the deleveraging movement and continuous progress on the fronts Alagoas and Mexico are also potential catalysts for action.
Hapvida (HAPV3) rose 3.89%, against the backdrop of an announcement that it has been studying possible fundraising to finance investments and acquisitions, as well as strengthening its cash position, including the possibility of a stock offering.
Intermédica, which is in the process of merging with Hapvida, advanced 2.57%.
IRB Brasil re (IRBR3) closed at a high of 2.30%, after the Superintendence of Private Insurance (Susep) ended special inspection on the publicly-held company last year on the insufficiency of assets guaranteeing technical provisions.
At the high of the day, the share rose almost 9%.
Petrobras (PETR4) yielded 0.08%, after President Jair Bolsonaro affirmed that the 39% increase in the price of gas announced by the company this week, is “unacceptable” and that, despite saying that it will not interfere with the state company, the policy of The company’s prices may change.
B2W (BTOW3) fell 2.96%, in an adjustment session, after three consecutive highs, with rivals Luiza stores (MGLU3) e Via Retail (VVAR3) decreasing 2.04% and 0.4%, respectively.
CCR (CCRO3) lost 1.82% in a volatile session. The company was the main winner of the auction for concession to the private initiative of 22 airports in the country, ensuring 9 terminals in the South block, the most coveted, for 2.88 billion reais and 6 in the Central block, for 754 million reais.
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