Ibovespa Closes Near Record High
The Ibovespa rose 0.4% to close at 157,739, near its record high due to positive company performance and clearer domestic signals. Petrobras climbed 0.8% on firmer oil and new business plan anticipation, Localiza soared 4.8% after upbeat guidance and portfolio sale. Banks and cyclicals outperformed on improved earnings visibility, and renewed Chinese buying boosted BRFS and exporters. The end of the government shutdown removed operational constraints.
The Ibovespa rose 0.4% to close at 157,739, near its record high because company level positives and clearer domestic signals are outweighing external doubts.
Petrobras climbed 0.8% on firmer oil and anticipation of a new business plan while Localiza soared 4.8% after upbeat guidance and a portfolio sale that bolsters cash flow.
Banks and select cyclicals outperformed after quarterly results and dividend or buyback news improved earnings visibility, and renewed Chinese buying for Brazilian chicken helped BRFS and other exporters.
The end of the prolonged government shutdown also removed a major operational constraint so delayed data and corporate updates can start flowing again.
