SAO PAULO (Reuters) – The main Brazilian stock index was deflating the losses of the first hours of the session, supported by the improvement of the financial and energy sectors, following the turnaround of the New York stock exchanges.
At 2:07 pm, the Ibovespa showed an appreciation of 0.11%, at 114,779.15 points. The financial turnover totaled 18.7 billion reais.
While business remained weighed down by the disappointing third-quarter growth data from China, agents’ sentiment gained some momentum with expectations of positive results from companies including Netflix, Verizon, Tesla and Intel, forecast for this week, which made the technology sector rise in bloc.
Here, stocks from the financial sector were among the positive highlights of the index, including Bradesco, Cielo and Santander Brasil.
In addition, the corporate news dictated specific gains, such as the fact that Americanas and Lojas Americanas can anticipate their merger plans and the purchase of the Marcelo Magalhães diagnostic medicine group from Pernambuco by Fleury.
Electricity company papers also rose, as rains across the country supplied hydroelectric reservoirs, reducing the risks of rationing. Eletrobras and CPFL were among the earnings leaders.
(By Aluísio Alves)
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