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Petroleum industry

Stock Exchanges in Brazil Recover from Monday's Dip

Strategic Insights

— 1 min read

Stock exchanges in Rio de Janeiro and São Paulo rebounded strongly on Thursday, partly reversing the sharp losses incurred on Monday. The Bovespa index, which tracks the São Paulo stock exchange, rose by 2.7% to hit 14,748 points. The Rio de Janeiro stock exchange, as measured by the IBV index, surged 3.6% to 55,170 points. Key companies listed on these exchanges, such as Petrobras and Vale do Rio Doce, also saw their stock prices recover to some extent.

Key Takeaways:

  • The Bovespa index of the São Paulo stock exchange advanced by 2.7% on Thursday, reaching 14,748 points, after closing at 14,355 points on Wednesday.
  • The IBV index of the Rio de Janeiro stock exchange surged by 3.6% to reach 55,170 points, following an increase of 0.1% on Wednesday.
  • Trading volume on the São Paulo stock exchange totaled 232.275 million on Thursday.
  • Among the most widely held shares on the São Paulo stock exchange, Petrobras was listed at 22,400 cruzeiros reales ($12.80), while Brazilian mining company Vale do Rio Doce closed at 11,200 cruzeiros reales ($11.50).
  • The banking company Bradesco traded at 1,450 cruzeiros reales ($1.40) on the São Paulo stock exchange.
  • Petrobras, Vale do Rio Doce, and Bradesco also saw some recovery on the Rio de Janeiro stock exchange, closing at 12,400 cruzeiros reales ($12.80), 11,300 cruzeiros reales ($11.60), and 1,450 cruzeiros reales ($1.40), respectively.
  • State telephone company Telebras closed at 3,870 cruzeiros reales ($4.00) on the Rio de Janeiro stock exchange.

Statistics:

  • Bovespa index on São Paulo stock exchange: 14,748 points (Thursday), 14,355 points (Wednesday).
  • IBV index on Rio de Janeiro stock exchange: 55,170 points (Thursday), 53,243 points (Wednesday).
  • Trading volume on São Paulo stock exchange: 232,275,000 shares.
  • Petrobras (SP): 22,400 cruzeiros reales ($12.80) / share.
  • Vale do Rio Doce (SP): 11,200 cruzeiros reales ($11.50) / share.
  • Bradesco (SP): 1,450 cruzeiros reales ($1.40) / share.
  • Petrobras (RJ): 12,400 cruzeiros reales ($12.80) / share.
  • Vale do Rio Doce (RJ): 11,300 cruzeiros reales ($11.60) / share.
  • Telebras (RJ): 3,870 cruzeiros reales ($4.00) / share.

Sources:

  • "Rio de Janeiro and São Paulo stock exchanges recover from Monday's crash", UPI (April 7).

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