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São Paulo stock exchange index remains stable despite Vale and Petrobras’ fall (August 9)

RIO DE JANEIRO, BRAZIL - The São Paulo stock exchange increased by a slight 0.17% this Monday. Its Ibovespa index, the benchmark of the trading floor, closed at 123,019 points, despite the fall of Vale and Petrobras shares, the two biggest stocks of the market.

The week's first session was marked by strong volatility, which led the exchange to oscillate between gains and losses for a good part of the day.

The drop in crude oil and iron ore prices put negative pressure on the commodities sector, although the Ibovespa weathered the storm and managed to stay . . .

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