Ibovespa starts October up 0.51%, driven by Petrobras stock as oil prices jump

(Reuters) – The Ibovespa index closed higher on Tuesday (1), reaching more than 133 thousand points at the best of times, in a move supported mainly by Petrobras shares (PETR4), following the strong rise in oil prices abroad due to the escalation of the conflict in the east. Middle.

The reference index of the Brazilian Stock Exchange, Ibovespa, rose 0.51% to 132,495.16 points, after reaching the maximum for the day at 133,405.49 points and the minimum for the day at 131,816.56 points.

The financial volume in the first trading session of October amounted to 23.55 billion riyals.

The strong advance in oil prices was the most prominent event during the day, after Iran launched dozens of ballistic missiles against Israel in response to the Israeli campaign against Hezbollah, an ally of Tehran, in Lebanon.

Brent crude closed 2.6% higher at $73.56 a barrel, after rising more than 5% at the highest level in the session.

On Wall Street, the S&P 500 index fell 0.93%.

Highlights

• PETROBRAS PN (PETR4) advanced 2.67%, driven by a jump in oil prices abroad, amid rising tensions in the Middle East. Petrobras ON (PETR3) shares also rose by 2.67%.
• AMBEV ON (ABEV3) stock closed 3.98% higher, supported by a report from BTG Pactual recommending the stock for the month, with strategists noting that recent strong beer volumes in Brazil point to strong results ahead.
• MRV&CO ON (MRVE3) stock rose 4.56%, in a gaining session for construction companies, with the real estate sector index .IMOB rising 1.01%, supported by a decline in direct investment rates. In the same context, the consumer sector index .ICON advanced by 1.02%.
• CSN MINERAAO ON (CMIN3) shares rose by 3.19%, after announcing the payment of interim dividends of 2.375 billion riyals and interest on equity of 465 million riyals. CSN ON (CSNA3), the company controlling CSN Mineração, rose 1.24%.
• AZUL PN (AZUL4) shares fell by 4.69%, after four consecutive increases, while expectations of negotiations with creditors continued. GOL PN (GOLL4), which is not on Ibovespa, fell 4.55%, after a net loss of 544 million reais in August.
• ASSAÍ ON (ASAI3) stock fell 4.69%, once again among the day’s negative highlights, as agents continue to analyze the Federal Revenue Authority’s decision to charge the company for registering goods worth 1.265 billion riyals.
• VALE ON (VALE3) stock rose 0.49%, without mentioning Chinese iron ore due to a holiday in the Asian country. The mining company entered into a partnership with Green Energy Park to study the feasibility of establishing a green hydrogen production unit in Brazil.
• ITAÚ UNIBANCO PN (ITUB4) fell by 1.65% and BANCO DO BRASIL ON (BBAS3) fell by 0.37%, while BRADESCO PN (BBDC4) closed with a positive change of 1.09% and SANTANDER BRASIL UNIT (SANB11) advanced by 0.6%.