SAO PAULO (Reuters) – Brazil’s main stock index closed higher this Thursday in the final session of 2021, despite the retreat of the main indices in the United States.
Ibovespa closed down 11.9% in 2021 after a five-year high. In December, the index rose 2.9%, having ended five months in the red.
The index rose 0.69% to 104,822.44 in the session. Financial turnover due to portfolio rebalancing was 25.6 billion reais, an improvement over the previous sessions.
According to Pedro Galdi, an analyst at Mirae Asset, there was no specific catalyst for the index’s advance on Thursday. “Today the program was more to follow,” he said.
Galdi classified the performance of Brazil’s stock exchange in the year as “poor” and said there are fears 2022 could be the same, given the uncertainties of the presidential election.
After the performance of iron ore in stocks, the Vale session had a positive draw. Itaú Unibanco was on the opposite end, plunging into the sector after news that the government was considering maintaining a surcharge on financial institutions.
In the US, the index closed slightly lower on a narrow trading day, while the pan-European STOXX 600 index rose 0.15%. Amid the rise in COVID-19 cases in various parts of the world, international markets continue to heed the news about the Micron variant.
– ITAÚ UNIBANCO PN dropped 1.64%, SANTANDER BRASIL UNIT dropped 1.35%, BRADESCO PN dropped 0.5% and BANCO DO BRASIL ON dropped 0.4%. Newspapers reacted to the news that the government was considering maintaining the social contribution at a higher net income (CSLL) rate charged from financial institutions. This measure would be a way to offset the payroll exemption.
– MÉLIUZ ON increased by 7.64% and LOCAWEB ON by 5.2%, while retailers MAGAZINE LUIZA and VIA grew 6.8% and 4.6%, respectively.
– SULAMÉRICA UNIT grew 6.84% after the company closed an agreement to acquire 100% of the share capital of Sompo Sade for reais 230 million.
– VALE ON rose 0.9% following gains in iron ore futures in Singapore and Dalian. CSN dropped 0.2%. The company has approved interest on equity of about Rs 257 crore.
– Petrobras PN and ON fell 0.3% and 0.8%, respectively. Oil leaked out.
(by André Romani)