The Ibovespa advanced this Monday, with Vale shares in its main supports, while corporate news occupied the spotlight, while Embraer, the results of the ANP in Brava Energia and the changes in the payment policy offered to Ibovespa clients .
Around 10:40 a.m., the Brazilian benchmark index Ibovespa rose 0.27% to 130,847.45 points. The amount of financing amounts to 2,274 million rais.
“The Ibovespa managed to stabilize above 130 thousand points in the last week, but the general reading of graphs and indicators suggests that a downward trend still prevails in the very short term,” observed BB Investimentos analysts. The graphs give contradictory signals.
“On a daily basis, the index is in a secondary bearish channel in the short term, where we see the formation of a bearish triangle still beginning, indicating a continuation of the trend established since the end of August,” they said. Weekly graphic analysis sent to clients this Monday.
“On a weekly basis, a pennant can form, reflecting a change in trend (up) with more than 10% swing, with more auspicious highs nearby.”
On investors' radar, markets' risk appetite should be guided by US activity data due this week, in addition to developments related to banking market stimulus in China and tax discussions in Brazil , they added.
Highlights
– VALE ON rose 0.53%, the most traded futures contract on the Dalian Commodity Exchange ended the day with a gain of 1.45% thanks to a rising session for iron ore in China. Investors also shared details of an agreement worth about 170 billion reais that the mining company, BHP and Samarco must sign this week with Brazilian authorities for the collapse of the Mariana (MG) dam in 2015.
– EMBRAER ON rose 3.17% after announcing late Friday that it delivered 57 non-defense aircraft in the three months ending in September, a year-on-year growth of 33%. Its firm order book at the end of September stood at $22.7 billion, the highest level in nine years, the company said. During this period the company also delivered two C-390 Millennium aircraft to its defense and security division.
– BRAVA ON increased by 2.01%, favored by the increase in oil prices abroad, but the ANP company announced on the radar that it approved requests to intensify maintenance activities and restore the integrity of the floating units in the field. Father-Earth. The company maintained its forecast of resuming production in December. In the area, PETROBRAS PN registered a negative variation of 0.43%.
– As reported last Friday, Hypera plummeted 14.49% after the market closed after deciding to reduce the payment term policy offered to customers to improve working capital. The CEO said that in the fourth quarter of this year the pharmaceutical company will complete an important part of its working capital optimization strategy to maintain adjustments until the end of 2025, when it expects to remain at the 60-day accounts receivable level.
– SABESP rose 1.47%, in the context of the decision of the Precatório Conciliation Chamber of the Attorney General of the Municipality of São Paulo on the payment of 455 million reais to the Basic Health Agency.
– LOCALIZA rose 1.02% after the company approved a bond issue for up to one billion reais. The resources obtained by the company from the operation will be used to replenish its cash flow.
– ITAÚ UNIBANCO PN recorded a fall of 0.06% on a mostly negative day for Ibovespa banking shares. BANCO DO BRASIL ON was the exception, rising 0.49%.
– Wilson Sons On, which is not part of Ibovespa, fell 8.8% after reaching an agreement to buy control of the European shipping group MSC for the equivalent of 17.50 reais per share, a deal of 4.35 orders. Billion increase. Wilson Sons shares closed at 5.85pm on Friday, a day after the company confirmed it was in talks with its regulator to sell its entire stake.
– RANDONCORP PN, which is not part of Ibovespa, lost 1.86% after data showing a net profit of 976.6 million reais in September, 1% less than in the same period last year.
