2023-05-26 10:00:30
© Reuters. After negative series, Ibovespa rises again (+1.15%), back to 110 thousand
Interrupting a sequence of three losses – a relatively short break, interspersed with 11 gains in the 12 sessions prior to the slight taking of profits -, the was close to neutralizing the effect of the adjustment by rising 1.15% today, to 110,054.38 points, in risk appetite recovery day in New York. Over there, gains reached 1.71% () at the close of this Thursday, despite the pendency of a solution to increase the debt ceiling in the United States, with the approach of the deadline to avoid default, in one week in early June.
Today, optimism around artificial intelligence strategies prevailed on Wall Street, which was decisive for the robust performance of Nvidia and big tech stocks, driving the rise of the indices (+0.88%) and Nasdaq in the session.
On B3 (BVMF:), financial turnover rose to R$ 27.5 billion this Thursday, in which the Ibovespa fluctuated between a low of 108,799.60, at the opening, and a high of 111,114.53. In the week, the B3 index still lost 0.62%, but increased 5.38% in the month and returned to positive for the year (+0.29%), after having oscillated yesterday into contraction territory.
“From mid-2021 to 2023, in the approximate interval of two years, the Ibovespa accumulated a retraction of around 25%, heavily discounted, anticipating a deterioration in macro conditions. It went from 130 thousand to less than 100 thousand, in the worst moments The market anticipates, and now the trend is towards decompression in the interest curve, with a more favorable perception of the fiscal conduct, and better projections for inflation and for the cost of credit, in the second half”, says Felipe Moura, partner and analyst at Finacap Investimentos.
“International investors were more predisposed to purchases than we anticipated, with the argument that ‘valuations’ in Brazil are more attractive compared to other emerging markets, and that Brazil tends to perform well when there is more clarity about cuts in interest rates”, points out Itaú BBA in a report on Brazilian stocks, released this Thursday.
In the text, the analysis team mentions the ongoing process in the market, of stock rotation, which tends to continue, with greater interest in domestic names of “High Beta”, more volatile – they tend to amplify the respective variation against a reference such as the Ibovespa – , and more cautious perception for commodities in general.
The conclusions of the Itaú BBA report were taken from a conference held between the 9th and 11th of this month, with the participation of 501 institutional investors, from 218 institutions, of which 30% were Brazilian and 70%, international.
In line with this less favorable perception of commodities, the showed a strong correction for the third consecutive day in Dalian, China, reflecting uncertainties about demand in the Asian country, but Vale ON (BVMF:), already heavily discounted (down 6 .30% in the week, 10.43% in the month and 25.43% in the year), managed to show discreet movement in the session, down 0.31% at the close, at R$64.85.
With oe down about 3% in the session, Petrobras ON (BVMF:) and PN yielded, respectively, 0.74% and 0.75% this Thursday. In addition to Vale, the day was also negative for other names in the metal sector, such as CSN (BVMF:) (ON -2.30%).
Among the shares with the greatest weight and liquidity on the Ibovespa, the financial sector stands out, in particular Bradesco (BVMF:) (PN +3.60%) and Itaú (BVMF:) (PN +3.14%) – exception between large institutions for Santander (BVMF:) (Unit -1.02%). At the top of the B3 index, highlight goes to Hapvida (BVMF:) (+10.99%), MRV (BVMF:) (+10.33%), Via (+7.76%), Locaweb (BVMF:) ( +7.47%) and Blue (BVMF:) (+6.19%). On the opposite side, CVC (BVMF:) (-4.63%), Braskem (BVMF:) (-2.87%) and 3R Petroleum (BVMF:) (-2.53%), in addition to CSN.
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