The Ibovespa, the main index of the Brazilian Stock Exchange (B3), ended the session on Tuesday, 16, down 0.77%, at 108,000 points.
The fall was driven by the devaluation of the shares of Magazine Luíza retailer (-22%) and the fear of the market concerning the change in the pricing policy of Petrobras.
Magazine Luíza reported a loss of R$391 million in the first quarter, the worst since its listing on the stock exchange in 2011.
Also contributing to Ibovespa’s fall was the release of the first quarter results of BRF, owner of the Perdigão and Sadia brands, which reported a loss of over R$1 billion, and 3R Petroleum.
The declines were 9.17% and 7.53%, respectively.
The dollar remained below R$5, with an appreciation of over 1%.
The North American currency is back to being traded at R$4.94.
CHECK OUT THE MAIN STOCK MARKET INDEXES
- Ibovespa: 108,193.68 (-0.77%)
- S&P 500: 4.110,30 (-0,63%)
- Nasdaq: 12.343,05 (-0,18%)
- Dow Jones: 33,012.14 (-1.01%)
- Dollar: R$4.94 (+1.12%)
- Euro: R$5.36 (+0.99%)
With information from Revista Oeste
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