On Friday (5/12), the total market capitalization of the Brazilian Stock Exchange (B3) decreased from R$4.93 trillion to R$4.74 trillion, adding the consolidated effect of all listed companies. The movement resulted in a decrease of R$182.7 billion in just one day. The figures were compiled by consulting firm Elos Ayta.
The sudden decline of the stock market was a reaction of the capital market to the candidacy of Flavio Bolsonaro to run for the office of President of the Republic, presented by former President Jair Bolsonaro, who is imprisoned in the federal police prison in Brasilia. The news was published by columnist Paolo Cappelli from Capitals.
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The moment the information was released, the Ibovespa index, which was operating at a high level and was on its way to breaking a new record, collapsed. At the end of the trading session, the main B3 index closed down by 4.31%. The dollar also rose. The US currency registered a 2.31% increase, trading at R$5.43, the highest value since October 16.
Among the companies in Ibovespa, according to the Elos Ayta survey, the most notable negative was Itaú, which led the declines with a loss of R$19.1 billion in market value. The bank was closely followed by Petrobras, which fell by R$17.7 billion. Both, the historical leaders in stock market capitalization, were responsible for about 20% of the total losses recorded in the trading session.
Banks fell
Overall, the banking sector showed broad sensitivity to today’s scenario, with Bradesco (- R$ 11.0 billion), Banco do Brasil (- R$ 9.2 billion) and BTG Pactual (- R$ 7.2 billion) among the top ten decliners. The contraction also affected companies in other sectors such as Axia Energia (formerly Eletrobras), which lost R$7.9 billion, and Rede D’Or, with a decrease of R$7.3 billion.
The company’s market value is calculated based on the share price on the calculation date multiplied by the number of company shares traded on the same day.