Home Administration Ibovespa Starts 2019 With Records and Investor Confidence in the New Administration

Ibovespa Starts 2019 With Records and Investor Confidence in the New Administration

334
0
SHARE

 

São Paulo stock exchange closed the first session of the year with Ibovespa at a historic high, above 91,000 points for the first time, amid favorable prospects for the Brazilian economy in 2019 and the new government of the country.

Reference index of the Brazilian stock market, Ibovespa rose 3.56 percent to 91,012.31 points, with a new record. At the best moment of the day, it reached 91,478.84 points, the highest level recorded during a trading session.

The financial volume in the session amounted to 17.3 billion reais.

For BTG Pactual strategists, prospects for the stock market in 2019 are promising. “We expect the new right-wing administration to implement major changes in the functioning of the economy,” they said in a report.

Among the speeches of the day, marked by the transmission of positions of several ministers of the team of President Jair Bolsonaro, the speech of the head of the powerful Economy Ministry, Paulo Guedes, deserved special attention.