The Ibovespa closed trading this Wednesday (29) down 0.72%, at 104,107 points. The main index of the Brazilian stock market operated independently from abroad, with the Dow Jones and S&P 500 advancing, respectively, 0.25% and 0.14%, both at historical closing records, continuing the year-end rally – Nasdaq, however, it closed stable, rising only 0.01%.
The performance of the Brazilian stock market is largely explained by news from the scenario internal. A highlight is the movement of federal public servants for salary readjustment, which is seen as a threat to the inspector. The National Forum of State Careers (Fonacate), which brings together the elite of the civil service, confirmed today that it will hold a strike in January, with the possibility of a strike in February.
The fact that the December IGP-M index also showed an increase of 0.87% , higher than the consensus and accelerating again. “The higher-than-expected result of yet another inflation indicator was directly reflected in the rise in the yield curve and explains the second consecutive drop in the Brazilian market in its penultimate trading session of the year”, commented Rafael Ribeiro, an analyst at Clear.
The yield curve rose en bloc. The DI futures contract for February 2023 rose 0.16 percentage point to 11.83%; o for February 2025, from 0.14 pp, to 10.69%; and that of February 2029, from 0.08 pp, to 10.68%.
Finally, experts also point out that the low volume trading volume, which stood at R$15.361 billion, also put pressure on the index’s performance.
“Low liquidity accentuates any type of movement. With fewer players in the market, if there is buying or selling pressure, it tends to have a greater impact than on days of greater liquidity, when there is a dilution of negotiations. This causes some abnormal fluctuations”, explained Henrique Esteter, market specialist at InfoMoney.
The commercial dollar closed up 0.94%, trading at BRL 5.93 in the purchase and sale, with a high of BRL 5.699 and a low of BRL 5.626. The future, in turn, rose 1.30% to R$5,701. The day was marked by disputes between bought and sold in the currency involving the definition of the last Ptax of the year, which takes place this Thursday. The Brazilian currency was detached from its international peers – the DXY, which measures the strength of the US currency against a basket of these assets, dropped 0.29%.
Also weighing on the performance of the Brazilian currency was the disclosure of the negative foreign exchange flow in the Christmas week, which was US$ 861 million, totaling US$ 7.12 billion in December. The Central Government’s primary surplus, of R$ 3.9 billion in November, was not enough to contain the selling pressure.
Dollar weighs on airlines and tourism sectors, worst Ibovespa falls ended up impacting airlines and tourism, which were the main falls in the Ibovespa . CVC Brasil (CVCB3) decreased 7.33%, sold R$ 13.14 .. Blue (AZUL4), had a decrease of 7.34% at R $23.86. Goal (GOLL4) fell 6.72% to R$16, 66.. “The rise in the dollar is always bad for these companies. Most of their costs are in dollars”, explains Esteter.
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According to him, the news that Ômicron is increasingly spreading across the world. “I would like to highlight today, however, the data from the last few days regarding Ômicron in countries like the United Kingdom and France. The growth in numbers is very strong. It stirs up the good mood for the airline industry globally”, he added.
The World Health Organization (WHO) warned today that the growth of cases in the world – yesterday, for the first time, more than a million infected people were registered in a single day – is dangerous, as it increases the chance of the emergence of new variants of Covid-19 that are totally resistant to vaccines.
On the high side, Via (VIIA3) and BrMalls (BRML3) were the highlights, with increases of, respectively, 1.41%, to R$ 5.02, and 0.49%, to R$ 8.16.%. The first company extends a rally started about a week ago, in which it has already gained more than 8%. The second surfs the news that he plans to combine his business with Aliansce Sonae (ALSO3) – which confirmed the existence of conversations in the morning.
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