Ibovespa closed higher on Friday, aided by the relatively quiet external scenario, with shares of consumer-related companies among the highest gains, amid the positive assessment of the sales data of the Pão de Açúcar Group in the second quarter, despite the effect of the truckers’ strike.
The main stock index of the Sao Paulo stock market rose 0.97 percent to 76,594.35 points. Financial volume totaled 9.3 billion reais, again below the year’s average of 11.7 billion reais. In July, the average daily turnover was 8.3 billion reais. In the previous month, it was 13 billion reais.
In the week, the Ibovespa accumulated a high of 2.11 percent, accounting for three consecutive weeks of gains.
Professionals in the area of variable income have mentioned that the Brazilian stock market is more vulnerable to movements abroad, given the environment of lower liquidity, during the holiday period in the Northern Hemisphere and without any relevant news in the political-electoral framework in Brazil.
In the view of the manager of a resource manager in São Paulo, the Brazilian stock market is without a specific trigger, depending on a definition in the electoral framework, preferably with more positive news for a candidate with a reform profile. “Without that, we do not see (the bag) walking,” he said.
On Wall Street, in this session, the S & P 500 closed up 0.10 percent.
The last trading session of the week was also influenced by operations aiming at the expiration of the stock option contracts on Monday, since the exercise tends to have among the most liquid series papers with significant weight in the Ibovespa, such as the shares of Petrobras, Itaú and Vale.
– GRUPO PÃO DE AÇÚCAR PN rose 2.96 percent, after second-quarter sales data considered positive by analysts, with a 10.4 percent increase in total net revenue in relation to the same period of 2017, affecting the retail sector as a whole. RD advanced 5.13 percent and VIA RETAIL UNIT was up 2.32 percent.
– CIELO ended up 3.05 percent, reversing losses early in the session when the stock fell nearly 8 percent in the first reaction to the announcement of the resignation of the company’s chief executive of electronic payment means. Despite the negative assessment of the change of command, the personal character of the exit, unrelated to the company’s performance, and the promise of maintaining the strategy brought some relief to the financial agents.
– ELETROBRAS PNB fell 0.66 percent while ELETROBRAS ON rose 0.27 percent against the decision of the National Bank for Economic and Social Development (BNDES) to suspend the privatization auction of the company’s distributors, scheduled for July 26, in response to a decision by the 19th Federal Court of Rio de Janeiro on Thursday. Government Secretary Carlos Marun said that the government plans to appeal against the ruling and, for the time being, does not work with a date change for the event.
– MRV closed with a 2.18 percent increase, after announcing that it increased its launches in the second quarter of this year by 28.3 percent, while it expects to accelerate the pace of operations to reach the target of 50 thousand properties launched per year until end of 2018.
– PETROBRAS PN rose 0.89 percent while PETROBRAS ON fell 0.1 percent in a session of high oil prices and with comments from state-controlled oil company president Ivan Monteiro that the company is open to debate on periodicity of fuel price readjustments, according to the executive’s interview with Valor Econômico newspaper.
– VALE yielded 0.28 percent, while spot iron ore prices in China were virtually flat.
– BRADESCO PN rose 2 percent, with banks gaining some breath after a weaker opening and again helping in the Ibovespa performance. ITAÚ UNIBANCO PN advanced 2.55 percent and SANTANDER BRASIL UNIT closed with a high of 0.1 percent, while BANCO DO BRASIL appreciated 2.54 percent.
– EMBRAER dropped 4.62 percent, with actions still under pressure from the decision by US airline JetBlue to replace Brazilian aircraft manufacturer in its A220 fleet of European Airbus this week. It also added decision noise from Embraer’s metalworkers’ unions in Sao Paulo to keep the veto on the agreement with the US company Boeing.
– ULTRAPAR fell 5.32 percent, also among the biggest declines, with the market expecting the company’s results in the second quarter, after performance considered weak by analysts in the first three months of the year.