INSUBCONTINENT EXCLUSIVE:
On November 11, 2024, the B3 Brazilian stock market experienced a modest increase
The IBOVESPA index finished the day at 127,904.68 points, reflecting a rise of 0.0586%, or 74.88 points, from the previous close.Throughout
the trading session, the index showed fluctuations
It reached a low of 127,306.45 points and peaked at 128,095.17 points.This range indicates a market that remained active but cautious amid
Trading volume was significant, with around 8,905,096 shares exchanged during the day.This level of activity suggests that investors were
engaged, despite the slight upward movement of the index
Slightly Up on November 11
(Photo Internet reproduction)These announcements often shape market sentiment and influence stock prices
fell by 2.89%, driven down by declining iron ore prices
This decline reflects broader market sentiments influenced by recent economic forecasts.The Focus Report released today further dampened
It revised inflation expectations for next year from 4.03% to 4.56%.Additionally, projections for the dollar rose slightly from R$ 5.43 to
Meanwhile, the Selic rate is expected to remain stable at 11.75% for this year and drop marginally to 11.50% in 2025.The downturn in iron
companies also faced challenges due to rising future interest rates
Shares of Natura (NTCO3), Lojas Renner (LREN3), and Magazine Luiza (MGLU3) dropped by 1.45%, 1.18%, and 1.56%.Despite these setbacks, some
stocks performed well during the session
Embraer (EMBR3) saw a notable increase of 3.57% after Sweden selected its C-390 Millennium as its next military transport
aircraft.Additionally, education companies Cogna (COGN3) and Yduqs (YDUQ3) surged by 8.82% and 5.18%, respectively, following positive
