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The announcement of the cancellation of the Laranjeiras Dam (MG) permit by Vale significantly increased the bearish sign of the Bovespa Index, which recorded its largest percentage decline since the 28 May last year, the hour of the truckers strike. The Brazilian stock market was in negative territory since the opening of the company and the sharp acceleration of the decline in Vale shares in the afternoon caused stop loss movements, infecting other papers. As a result, Ibovespa ended the day with 94,635.57 points, down 3.74% at the bottom of the day.
The Secretary of State for the Environment and Sustainable Development (Semad) confirmed to Broadcast, Grupo Estado's real-time information system, that Vale's permission concerning the operation of the Laranjeiras Dam had been suspended by the environmental body. The reasons for the suspension are secret. Vale reported Monday that the court had ruled that the miner would stop dumping or carry out risk-increasing activity at eight dams in Minas Gerais, including Laranjeiras, which is part of the Brucutu mine. , the largest of Vale in Minas Gerais
According to operators heard by the TV channel, the immediate reaction of the market with the announcement of the suspension of Laranjeiras triggered the "stop loss" at several trading tables . At the end of the day, Vale ON, whose business had been suspended during the trading session, closed down 4.88% at the low of the day. The action of the miner contaminated the shares of the steel sector, which suffered significant losses. CSN ON lost 5.77% and Gerdau Metalúrgica lost 4.94%.
From the beginning, the sign Ibovespa was negative. As the day before, doubts about the content and timing of the reform of the social security system were divided, among the many divergent statements and the apparent lack of alignment of the discourse between the members of the government. After a tumultuous meeting of House leaders, Arthur Lira (AL), PP President, said that without the House's alignment, there would be no climate to vote on a constitutional amendment Proposed, including: "
" We quickly found that even though the stock market had risen sharply in recent days, the decline was more than a mere realization of profits. The perception is that it becomes more complicated to process from scratch, the material going through a new process. There are those who believe in the approval of the reform in the first half of the year, but I think this is a very optimistic badessment, given the back and forth that must occur, "said Eduardo Guimarães, equity specialist at Levante Ideas of Investimento
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