Despite a recent collapse on Monday, the Brazilian market spent the rest of week in positive
terrain, marking its best week since March 2021. Throughout the week, the market rose 4.09%,
recovering all losses from this year, and accumulating a positive balance in 2022. This Friday,
IBOVESPA closed at a 1.33% increase, at 106,927 points, operating once again against
international markets. In a session marked by positive retail indicators in brazil and weak in the
United States, the Brazilian market rose with the support of blue chips and financial sector
However, Alexandre Brito, manager of Finacap Investimentos, says it is still early to peg the
IBOVESPA’s positive activity as a trend, as rising covid 19 cases may restrict economic activity, in
which the consumer sector may suffer a short-term impact.
Companies such as BRMALLS, INTER UNIT, and VALE are on the rise. BRMALLS soared 7% after
rejecting a merger proposal sent by their rival, SONAE. INTER UNIT had a 7.9% increase after
the company’s share auction this Friday, where over 25 million papers were sold. Despite falling
ore prices in China, VALE had a 0.6% increase. Brent oil also had an increase (1.9%), mostly
driven by constraints and fears of a potential Russian attack in Ukraine.
The dollar, in another session of volatility, fell again. The American currency closed down
0.29%, at R$5.5.
On the international front, American markets accumulated losses after another strong day of
oscillation. Impacted by the fall in shares of banks. The Dow Jones closed down at 0.56%; the
S&P 500 closed slightly up 0.08%, and the Nasdaq closed up 0.59%.
Written by: Bruna Zarzur
Edited by: Anna Kissajikian