Eletrobras has registered a 30% drop in market value since Luiz Inácio Lula da Silva's election in October 2022.
On Friday (12(, the company was valued at R$80.5 billion (US$16.4 billion), while its common shares closed at R$35.3 (US$7.19).
The information is from the Poder360 website.
The Ibovespa, Brazili's main Stock Exchange index, fell 6.5% in the same period, while the Electric Energy Index (IEE), which considers the sector's main assets, slightly increased by 0.08%.
President Lula has been a critic of the privatization of Eletrobras . . .
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