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Ibovespa Near 161,000 As 2026 Politics And Rate-Cut Bets Drive A Thin Tape
(MENAFN- The Rio Times) Key Points
B3 is closed Saturday; Friday's Ibovespa close was 160,896.64 (+0.27%), within 159,358.93–160,913.32, on 2.63 million trades and R$14,986,899,418 ($2.8b) in financial volume.
After Jair Bolsonaro's camp signaled Flávio Bolsonaro as a 2026 pre-candidate, strategist Gustavo Cruz (RB Investimentos) said investors see Flávio competitive for a runoff, but less competitive than centrist governors in a second round.
Felipe Cima (Manchester Investimentos) said desks are watching whether candidates can lower rejection while keeping an economically credible message and avoiding interventionist surprises.
With Selic at 15%, desks cited IPCA-15 as reinforcing expectations that cuts could start as early as March. The dollar ended at R$5.5451 per $ (+0.25%).
The central bank sold $2b in line auctions; reported FX flow was -$3.363b through Dec 19 and -$6.472b in the Dec 15–19 week.
Ibovespa Near 161,000 As 2026 Politics And Rate-Cut Bets Drive A Thin Tape
Top gainers: Braskem +4.25% to R$7.85 ($1) on deal-linked developments; CPFL +3.38% to R$53.23 ($10); Hapvida +2.83% to R$14.55 ($3); Azzas 2154 +2.69% to R$24.46 ($5); Vamos +2.51% to R$3.27 ($1).
Biggest decliners: GPA -4.26% to R$3.60 ($1); Cury -0.96% to R$31.88 ($6); Vivara -0.93% to R$33.02 ($6); Totvs -0.91% to R$42.38 ($8); Eneva -0.84% to R$20.09 ($4). Outside the index, Azul's special unit (AZUL54) fell about 26% amid restructuring mechanics and a new trading format.
Abroad, U.S. equities ended lower (S&P 500 -0.03%, Nasdaq -0.09%, Dow -0.04%). Gold set new records and silver briefly topped $75; oil fell more than 2% on oversupply concerns; iron ore rose on the day but finished the week softer, with port inventories cited around 148.8 million tonnes.
EWZ closed at $31.73 on 15.8m shares; AUM $6.5b; shares outstanding 206.4m; flows +6.35% (1M), +11.95% (3M), +45.35% (YTD).
On B3, BOVA11 ranged R$156.22 ($29)–R$157.97 ($29), opened R$156.54 ($29) vs prior close R$157.43 ($29), with 20,265 trades.
Charts: the daily trend is still up; the 4-hour view is range-bound near the highs.
Post-Christmas liquidity was light, so politics headlines moved prices quickly.
Rate-cut expectations steadied equities even as momentum cooled.
Global cues split: precious metals hit records, oil fell, and iron ore ended the week softer.
B3 is closed Saturday; Friday's Ibovespa close was 160,896.64 (+0.27%), within 159,358.93–160,913.32, on 2.63 million trades and R$14,986,899,418 ($2.8b) in financial volume.
After Jair Bolsonaro's camp signaled Flávio Bolsonaro as a 2026 pre-candidate, strategist Gustavo Cruz (RB Investimentos) said investors see Flávio competitive for a runoff, but less competitive than centrist governors in a second round.
Felipe Cima (Manchester Investimentos) said desks are watching whether candidates can lower rejection while keeping an economically credible message and avoiding interventionist surprises.
With Selic at 15%, desks cited IPCA-15 as reinforcing expectations that cuts could start as early as March. The dollar ended at R$5.5451 per $ (+0.25%).
The central bank sold $2b in line auctions; reported FX flow was -$3.363b through Dec 19 and -$6.472b in the Dec 15–19 week.
Ibovespa Near 161,000 As 2026 Politics And Rate-Cut Bets Drive A Thin Tape
Top gainers: Braskem +4.25% to R$7.85 ($1) on deal-linked developments; CPFL +3.38% to R$53.23 ($10); Hapvida +2.83% to R$14.55 ($3); Azzas 2154 +2.69% to R$24.46 ($5); Vamos +2.51% to R$3.27 ($1).
Biggest decliners: GPA -4.26% to R$3.60 ($1); Cury -0.96% to R$31.88 ($6); Vivara -0.93% to R$33.02 ($6); Totvs -0.91% to R$42.38 ($8); Eneva -0.84% to R$20.09 ($4). Outside the index, Azul's special unit (AZUL54) fell about 26% amid restructuring mechanics and a new trading format.
Abroad, U.S. equities ended lower (S&P 500 -0.03%, Nasdaq -0.09%, Dow -0.04%). Gold set new records and silver briefly topped $75; oil fell more than 2% on oversupply concerns; iron ore rose on the day but finished the week softer, with port inventories cited around 148.8 million tonnes.
EWZ closed at $31.73 on 15.8m shares; AUM $6.5b; shares outstanding 206.4m; flows +6.35% (1M), +11.95% (3M), +45.35% (YTD).
On B3, BOVA11 ranged R$156.22 ($29)–R$157.97 ($29), opened R$156.54 ($29) vs prior close R$157.43 ($29), with 20,265 trades.
Charts: the daily trend is still up; the 4-hour view is range-bound near the highs.
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