INSUBCONTINENT EXCLUSIVE:
The Ibovespa closed marginally higher at 131,043 points on Tuesday
WEG, JBS, Companhia Sanea, and BRF saw gains between 1.3% and 2.3%, offsetting losses by megacaps.Petrobras fell 1.4% due to plunging oil
prices, while Vale lost 1.4%
Foreign investors withdrew R$5.5 billion ($982 million) from the market in September and R$4.6 billion ($821 million) in October.The fund
industry experienced R$53.9 billion ($9.63 billion) in net outflows, marking its worst month of 2024
options expiration was expected to increase trading volume and fluctuations
Sector Performance and Capital Outflows
Locaweb saw a 3.38% increase following CEO change news
Eneva rose by 2.28% due to increased energy demand.Currency and Stock Market DynamicsThe US dollar strengthened against the Brazilian real,
closing at R$5.657 for sale
indices experienced broad declines as investors reacted to bank earnings reports and took profits
Bank Wealth Management cautioned about a potential minor setback.Bank of America, Citigroup, and Goldman Sachs reported profits exceeding
Top gainers included LWSA SA (4.22% rise), WEG SA (2.71% gain), and JBS SA (2.54% increase).The top losers were Azul SA Pref (2.97% fall),
navigate these dynamics, investors remain watchful of domestic and international factors shaping the economic landscape.
