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IBOVESPA Up Over 11 Percent, Recovering to 80,000 Point Level

RIO DE JANEIRO, BRAZIL - IBOVESPA, the main Brazilian stock index, rose on Friday, March 13th, by more than 11 percent and returned to the 80,000 points level, on a rebound following the heavy losses the day before, in line with foreign stock markets.

In the morning, the rise was limited to two percent by rumors that President Jair Bolsonaro had been infected by the coronavirus, but the market soon gained ground when that information was denied by the President himself on his Facebook page. By 4:30 PM, the IBOVESPA was up 11.8 percent to 81,173 points . . .

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