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Encouraged mainly by the good mood abroad, Ibovespa closed the last session of the year, with gains of 2.84%, to 87,887.26 points on Friday. 28, with a cumulative valuation of 15.03%, against major world indices and other emerging economies, which ended the year down.
The improvement was supported by the improvement of the external environment and a slight correction of the losses recorded during the week, Petrobrás shares having been among the highest rises in Ibovespa, in addition to 'Eletrobrás, who sold Distribuidora Ceal.
On the other hand, the US dollar closed today down 0.36%, to R $ 3.77575, which corresponds to the weakness abroad and to the the victory of those sold in the dispute over the formation of the Ptax last December and which will be used to settle the future contract of January and the adjustments of foreign exchange positions and balance sheets of this year.
By 2018, the currency had risen 16.89% against the real, which posted the third worst performance against the dollar among the main emerging countries, behind Argentina and Turkey. The lightening of the currency, combined with the optimism sparked by the new government, fueled the decline in future interest rates, which brought the regular session to an end at levels never before achieved. In New York, the stock markets have spent the day under the sign of volatility. Economic data released in the United States is more worrying than expected, which has heightened concerns about the performance of the economy, which has also hurt the dollar. However, in the last hour of work, Wall Street indices were up.
The market took advantage of the day to take stock of the 2018 investments and plan the activity for the coming year.
The Wall Street stock record and the benign signs of the elected president's team Jair Bolsonaro ( PSL ) regarding tax measures corroborated the gains of the Brazilian trading session.
Exterior
Without the same vigor as the São Paulo Stock Exchange, markets such as Frankfurt and Milan ended the year with respective declines of 18.26% and 16.15%. Several markets will remain active on Monday 31, such as New York and others in Europe, but all accumulate losses during the year. Tokyo and Shanghai, which ended the year, closed with respective decreases of 12.08% and 24.59%.
If Ibovespa was heading in the opposite direction of the main world markets in 2018, at the meeting on Friday, 28th, he had counted on his help to close the last trading session before 2019. In the United States, United, Consumer results were positive at the end of the year, putting upward pressure on retailer stocks.
In addition, badysts said the gains in São Paulo also reflect an Ibovespa correction move against the losses recorded during the week. The main index of the stock market fell 0.65% on Wednesday 26, after adjusting for the sharp decline in US indices on Monday 24th, and rose 0.38% Thursday, July 27.
In political news, the interview of the elected vice president, General Hamilton Mourão, helped to strengthen the new government's commitment to pension reform . He said the project is the number one priority and that it will not be sent to Congress in the form of installments.
However, signage has had little or no impact on businesses. It is understood that the Mourão declaration only reinforces what is already prized in the markets, that the reform will be published in 2019. "It was pretty much the same," said Vinicius Andrade, badyst in investments at Toro Investimentos.
In the news of the companies, the highlights were the banks and the companies related to the commodities. Itaú shares, for example, increased by 3.5%. Among the internal highlights are Petrobras' shares, with a 3.11% increase in common shares and 2.45% in preferred shares after approval by the board of directors of the oil company controlled by the company. State of a protective mechanism complementary to the diesel pricing policy, similar to that used in gasoline, which will allow the company to maintain the price of the stable product in refineries for up to seven days in times of high volatility.
Highlights
The shares of Eletrobrás continue to grow, pending the sale of Distribuidora Ceal in Alagoas. Equatorial Energia bought the energy distributor. In the middle of the afternoon of Friday, common shares rose 1.92% to R $ 24.39 while GNP rose 1.66% to R $ 28.18. The last of the six Eletrobrá distributors to be auctioned, Ceal is considered the most attractive. Energisa and Neoenergia, which hold other nearby power distribution concessions, Equatorial and Enel
after months of high volatility in the midst of 2018 and commercial disputes abroad , among other factors, the Ibovespa is expected to end 2018 in blue for the third consecutive year, after an increase of 27% in 2017 and 39% in 2016.
The rise occurs even after a strong net outflow of Foreigners in the Bovespa segment, 11 billion rand on 21 December of the year, given the global environment most hostile to emerging markets and hesitations caused by the change of command of the country.
According to Glauco Legat, an badyst at Necton Corretora, the year was good, but wear deteriorated slightly towards the end of the period.
"The external scenario is the big challenge now: Brazil is not an island and the flow of foreign investment is very important.We hope that the foreign market will not deteriorate and will not abort investments planned for the country.We have an attractive policy for economic agents, with pension reform, tax reform, spending cuts and privatizations, the next government tends to adopt liberal policies, we estimate that the market is only going to go to market. Worse, it will not be approved. "The reforms are not structural, just for the English, you see, said Legat.
According to Henrique Bredda of Alaska Asset Management, Ibovespa's annual rally proves that, despite distractions in the middle of the road, the stock market reflects the profits of companies that, globally, until 2017.
"We think that this should be repeated in 2019 compared to 2018, "said Bredda, who is working on a scenario of economic improvement over the next calendar year. Alaska currently manages about $ 8 billion.
"We have a very large unused capacity and, with the recovery of GDP, revenues come back with no increase in fixed costs or additional investment, which ultimately increases profits," he said.
Bredda also pointed out that companies were looking to improve their efficiency after years of crisis, which should favor a faster expansion of profits, as well as the effect of the decline of the Selic rate on the cost of debt businesses, thereby increasing revenue generation. (f, f, b, e, v, n, t, s) {if (f.fbq) returns; n = f.fbq = function () {n.callMethod? n.callMethod.apply (n, arguments): n.queue.push (arguments)}; if (! f._fbq) f._fbq = n; n.queue = n.loaded = 0; n.version = 2.0 & # 39 ;; n.queue = []; t = b.createElement (e); t.async =! 0; t.src = v; s = b.getElementsByTagName (e) [0]; s.parentNode.insertBefore (t, s)} (window, document, script, // connect.facebook.net/en_US/fbevents. fbq (& # 39; init & # 39; ,, & # 39; 1659995760901982 & # 39;); fbq (& # 39; & # 39;; & # 39;; & # 39;); & nbsp; & nbsp; & nbsp; & nbsp; & nbsp; & nbsp; & nbsp; 19659024
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