Ibovespa Extends Record High as Commodity Stocks Rally
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The Ibovespa rose over 0.5% to trade above 176,500 on Friday, extending the previous session’s record high.Heavyweights led the advance, with Petrobras climbing more than 1% as oil prices jumped nearly 2%, while Vale gained over 1% amid firmer iron ore prices.The banking sector also posted solid gains, with Itaú up 0.7% and Bradesco rising 1%.On the downside, utilities lagged, with Axia down 0.8% after reporting more than R$1 billion paid in water royalties in 2025.
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