Bolsa closes by Itaú but maintains 98,000 points – 05/02/2019 – Market



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With the weight of Itaú shares and statements on pension reform, the Brazilian stock market retreated Tuesday, in the opposite direction to the one from abroad.

On Tuesday, members of the government spent the day making statements on the draft pension reform proposal, denying that it presented the final version of the changes made to Brazilian pensions.

The most refuted point. was the possibility for men and women to have a minimum retirement age equal to 65 years. Although this is a will of the economic team, led by Paulo Guedes, has been repeatedly rejected by President Jair Bolsonaro (PSL)

Ibovespa, the country's leading stock index, has yielded 0.28%, at 98,311 O The financial business figure amounted to R $ 16.3 billion, after the daily average of January

. The index was put under pressure by the disclosure of Itaú 's results, whose profits were below market expectations. In 2019, the expansion of the loan portfolio, which is expected to be between 8% and 11%, is expected to be smaller than that of the major competitors.

Itaú holds a weighting of 10.8% in Ibovespa and shares fell further. from 4% this Tuesday to R $ 38.

"The figures presented by Itaú are mixed.While the quality of the loan portfolio is following a trend of improvement, the expansion has not been able to beat its competitors," he said. Guide. For the brokerage firm, the bank's forecast for 2019 indicates earnings growth of 13%, 29 billion rand in one year.

XP maintained a paper purchase recommendation with a target price of 45 rand. [19659002] In addition, Vale, which still oscillates according to information about the Brumadinho tragedy (MG), ended the relatively stable trading session.

Abroad, the US markets ended the day in moderation, in the same direction as the main European indices.

The dollar fell modestly against Real and closed at R $ 3.66670.

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