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MarketScreener Homepage  >  Indexes  >  Bolsa de valores de Sao Paulo  >  Ibovespa    IBOV   BRIBOVINDM18


Delayed Quote. Delayed Bolsa de valores de Sao Paulo - 05/25 04:23:00 pm
85663.48 PTS   +4.25%
05/15Petrobras looks to China's 'teapots' to keep oil exports flowing
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03/19Rio reports first coronavirus deaths as Brazil closes land borders
News SummaryAll newsNews of the components ofMarketScreener Strategies

Reforms boost the stock market

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Mid-term Analysis published on 11/06/2019 | 08:35am

The Brazilian stock market maintains excellent momentum, thanks to the retirement reform that drives buying initiatives. >
Investment bank Banco BTG Pactual achieved the best performance over the reference period, with an increase of 29%, followed by Klabin (paper industry) at +15%. This increase in equities is due to a good performance of the real which goes from 4.18 to 4 for one dollar.

Graphically, in daily data, the Brazilian index set a record after record and is close to the symbolic line of 110,000 points. The moving averages are well oriented and validate a strong upward trend.
At this stage of the configuration, the turning point remains far away. A consolidation phase towards 104 000 would not be alarming, however, passing under this line would further neutralize the current scenario.

Patrick Rejaunier
© MarketScreener.com 2019
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