The Ibovespa rose 1.7% to close at the 129,126 level on Friday, rebounding from a fifteen-week low and reversing previous losses on the week to post a weekly gain of 1%. The rally followed confirmation of the fiscal package's release scheduled for next week, despite broader global risk aversion linked to the intensifying Russia-Ukraine conflict. State-owned oil giant Petrobras led the gains, with shares surging 5% on optimism surrounding its newly approved business plan, which includes $111 billion in investments for 2025–2029, along with the announcement of R$20 billion in extraordinary dividends. Other strong performers included Ambev, Banco Santander, JBS, and Rede D'Or, which rose between 2.5% and 3.8%.
The main stock market index in Brazil (IBOVESPA) decreased 5254 or 3.92% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks this benchmark index from Brazil. Historically, the Brazil Stock Market (BOVESPA) reached an all time high of 137469.27 in August of 2024. Brazil Stock Market (BOVESPA) - data, forecasts, historical chart - was last updated on November 23 of 2024.
The main stock market index in Brazil (IBOVESPA) decreased 5254 or 3.92% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks this benchmark index from Brazil. The Brazil Stock Market (BOVESPA) is expected to trade at 129079.75 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 124454.36 in 12 months time.