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São Paulo stock market falls 0.33% in August despite nine-session winning streak
🇵🇾 Paraguay /Economy & Trade

São Paulo stock market falls 0.33% in August despite nine-session winning streak

From ABC Color · () Spanish

Translated from Spanish and summarized by DistantNews. Read the original for the full story.

At a glance

Newswire From a news agency Outcome reported
  • The Ibovespa rose 1% on Monday to 177,418 points but finished August 0.33% lower despite nine consecutive positive sessions.
  • Brazil's real gained 0.31% against the dollar, which traded at 5.179 reais, while investors responded positively to comments on stronger fiscal rules.
  • Petrobras shares rose 3.3% as oil prices increased, and Brazil and the United States agreed to continue talks over tariffs.

Brazil's Ibovespa ended August lower despite closing the month with a nine-session winning streak. The benchmark index for Latin America's largest stock market by trading volume gained 1% on Monday to finish at 177,418 points, but remained down 0.33% for the month.

The real strengthened 0.31% against the dollar, which ended the session at 5.179 reais in commercial trading. Investors reacted positively to Finance Minister Dario Durigan's comments on the need to reinforce fiscal rules.

Markets also followed talks between Brazilian and US government representatives on tariffs imposed by the Trump administration. The two sides agreed to continue negotiations in search of a negotiated solution.

Petrobras preferred shares were among the most traded and climbed 3.3% as international crude prices rose. Casas Bahia led the day's gains, surging 65%, followed by travel agency CVC, which rose 8.1%. Embraer fell 1.8% and Positivo dropped 1.7%.

Trading on the São Paulo exchange totaled about 30.64 billion reais, or roughly $5.9 billion, across around 3.7 million transactions.

About this summary

Originally published by ABC Color in Spanish. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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