Strong price fluctuations Ibovespa Mark this Wednesday. At the beginning of the trading session, the index reached a new historical high during the day, reaching 162 thousand points, but it lost its strength in the early afternoon and began operating slightly higher. However, towards the end of the session, the main local stock benchmark increased its gains again, with Vale shares advancing more strongly.
At the end of the day, Ibovespa ended up setting a new double record: intraday, at 161.963 points; The nominal closed at 161,755 points, an increase of 0.41%, far from the minimum of 161,093 points. The index’s positive movement was reinforced by Vale’s gain of 3.23%.
According to analysts, the mining company has benefited from a combination of factors: news that the federal government and the company have resumed talks to try to resolve the impasse over the railway concessions, which are operated by Vale; More positive sell-side reporting after the company’s investor day; The vision that the company realized is that it is better to have “flexibility rather than quality”.
the The positive performance of other blue-chip stocks, such as Petrobras and BTG Pactual, also helped add to the index’s gains. It served as a counterpoint to a day of steep declines in most bank stocks. After the close of business, the oil company’s PN value rose 0.75%, while BTG Pactual units rose 1.63%. On the other hand, PN Bradesco recorded the largest depreciation, reaching 2.76%.
The financial trading volume on Ibovespa reached R$19.1 billion and R$25.6 billion on B3. On Wall Street, major indices closed on a positive note: Dow Jones rose 0.86%; The Standard & Poor’s 500 rose 0.30%; The Nasdaq index advanced 0.17%.