Ibovespa extends its rise with the increase in Brazil's risk rating; see the closing (Image: REUTERS/Amanda Perobelli)
O Ibovespa extended the highs of the last trading session, reaching 134 thousand points during the afternoon of this Wednesday (2). The increase occurs after the increase in Brazil's risk classification by Moody's Agency.
The index closed up 0.77%, at 133,514.94 points, according to preliminary data.
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According to Felipe Castro, financial planner and partner at Matriz Capital, the international agency's assessment reflects how safe it is to invest in a given country or company.
“When granted investment grade, which the country had between 2008 and 2015, Brazil will return to the group of the most 'investable' markets, which increases the volume traded and boosts the market as a whole, both in variable income and income. fixed,” he said.
The rating agency wrote that the upgrade reflects material credit improvements that it expects to continue, including stronger growth performance than previously assessed and a growing track record of economic and fiscal reforms that lend resilience to the credit profile.
The news was widely celebrated in Ministry of Finance.
In Brasilia, Fernando Haddad he pointed out that the report is in line with what the ministry defends and said that, if the government continues “without letting its guard down” in relation to expenses and revenues, it will be possible to end the mandate with investment grade.
The ups and downs of Ibovespa
With the market's positivity, some shares on the Brazilian stock exchange benefited in today's session. THE Sugar Loaf (PCAR3), a MRV (MRVE3) and others Cyrela (CYRE3), for example, rose 6.52%, 4.62% and 4.71%, respectively.
Furthermore, some oil companies, such as Petrobras (PETR4), e PetroRecôncavo (RECV3), rose with the rise in oil prices. The shares closed with respective increases of 1.14% and 1.81%.
On the contrary, the Brava Energia (BRAV3) closed down 2.56%, following a downward revision of the target price issued by Citi.