Sao Paulo Feb 24 The Ibovespa index, the main reference of the Sao Paulo Stock Exchange, fell 1.66% on Friday and closed the week at 105,798 points, weighed down by inflation data in the United States and by the losses of Petrobras and the mining giant Vale, two of its main stocks.
In a short week, due to the carnival holidays, the indicator accumulated a negative variation of 3.09%.
On the foreign exchange market, the dollar appreciated by 1.24% against the real and ended the week at 5,197 reais bought and 5,198 sold at the commercial exchange rate.
During the three sessions of the week, the American currency appreciated by 0.71% against the real.
This Friday, investors were wary of the São Paulo stock market after learning of data from the PEC in the United States, an indicator used by the Federal Reserve to monitor inflation.
The PCE price index in the North American country rose 4.7% year-on-year in January and 0.6% from the previous month, a higher rise than expected.
The Federal Reserve is expected to raise the base interest rate and keep it high for a long time to contain prices.
Commodity-related shares also depreciated on Friday, notably those of the state company Petrobras (-2.18%) and those of the mining company Vale (-2.20%), which topped the list of the most traded.
On the other hand, the most significant losses concerned the company Dexco (Duratex), a leader in the production of toilets and bathroom accessories in South America, whose ordinary shares depreciated by 6.14% in the daytime.
They were followed by ordinary ones from CNS Mineraçao, the second largest exporter of iron ore in Brazil (-5.52%), and similar ones from Compañía Siderúrgica Nacional (-5.22%).
The highest gains have already been recorded by the preferential papers of the airlines Azul (+4.96%) and GOL (+1.44%).
The financial volume for the day was 18,949 million reais (about $3,651 million) with about 3.3 million transactions. ECE
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