Rio de Janeiro, Feb 1 (IANS) Brazil’s Sao Paulo stock exchange (Bovespa) had the best January in six years, with the benchmark Ibovespa index rising 11.1 percent in the month, a media report said.
The figures are impressive, given that the Ibovespa accumulated a fall of 18 percent last year.
On Tuesday, the Ibovespa rose 0.48 percent to 63,072 points, the highest closing level since July 4, reported Xinhua.
The common stocks of oil giant Petrobras, Brazil’s largest company listed in Bovespa, accumulated a rise of 17 percent in January, and closed at 26.91 reais ($15.46) Tuesday. In 2011, Petrobras’ common stocks fell 24.7 percent.
After falling 21.2 percent in 2011, Petrobras’ preferred stocks rose 14.3 percent in January, reaching 24.57 reais ($14.12) Tuesday.
Mining giant Vale’s common stocks rose 13.3 percent to 44.70 reais ($25.68), a sharp contrast from 2011, when they accumulated a 28.7 percent fall. Vale’s preferred stocks rose 12.8 percent to 42.69 reais ($24.53), after falling 22 percent last year.
Rio de Janeiro, Feb 1 (IANS) Brazil’s Sao Paulo stock exchange (Bovespa) had the best January in six years, with the benchmark Ibovespa index rising 11.1 percent in the month, a media report said.
The figures are impressive, given that the Ibovespa accumulated a fall of 18 percent last year.
On Tuesday, the Ibovespa rose 0.48 percent to 63,072 points, the highest closing level since July 4, reported Xinhua.
The common stocks of oil giant Petrobras, Brazil’s largest company listed in Bovespa, accumulated a rise of 17 percent in January, and closed at 26.91 reais ($15.46) Tuesday. In 2011, Petrobras’ common stocks fell 24.7 percent.
After falling 21.2 percent in 2011, Petrobras’ preferred stocks rose 14.3 percent in January, reaching 24.57 reais ($14.12) Tuesday.
Mining giant Vale’s common stocks rose 13.3 percent to 44.70 reais ($25.68), a sharp contrast from 2011, when they accumulated a 28.7 percent fall. Vale’s preferred stocks rose 12.8 percent to 42.69 reais ($24.53), after falling 22 percent last year.
