Ibovespa closes on red after more than 90,000 pts for the first time in its history By Reuters

SAO PAULO (Reuters) – It fell slightly on Friday after breaking the 90,000 mark for the first time in its history, but rose more than 2% in November. Investors took advantage of the last trading day of the month to adjust their portfolios, day of caution before the G20 summit

Reference in the Brazilian stock market, Ibovespa reported 0.23% to 89,504.03 points. The index rose 0.6% at the peak of the session, after reaching a new intra-day high of 90,245.54 points.

During the week, the increase was 3.8%. In November, the index rose 2.38%, bringing the year gain to 17.15%.

The financial participation rate for the session was R $ 19.6 billion, exceeding an average of $ 12 billion per day. of real in the year. "The end of the month has been reflected in transaction volumes," said Jason Vieira, Chief Economist at Infinity Asset Management, adding that many agents had benefited from the tightening of the MSCI Emerging Markets Equity Index. .

According to him, the IBGE data showing an expansion of the Brazilian gross domestic product (GDP) of 0.8% in the third quarter, against 0.2% in the second quarter, encourage investors, as well as [19659003ForAriSantosHCommcor'svariableincomemanagerthemarketiswatchingcloselyforchangesinthemarketannouncesthetransitionteamofPresident-electJairBolsonaro

Vieira badesses the lack of visibility on Bolsonaro's ability to formulate reforms. "We do not understand how the Bolsonaro government will progress in this context of political negotiations," he said.

For Vieira, the trade dispute between China and the United States will also be addressed in the coming weeks.

Eyes turned to the G20 summit in Argentina, where the expected meeting between US presidents Donald Trump and Chinese Xi Jinping could dictate the direction of relations between the two largest economies in the world.

HIGHLIGHTS

– CIELO closed up 6.85%, Ibovespa's best performance, as investors in the third quarter saw signs of recovery in the economy, which should promote consumption. During the month, however, paper fell by more than 28%, bringing the year – to – year losses to 57%, under pressure from the arrival of new competitors in the market.

– SUZANO PAPEL AND CELLULOSE increased by 5.03 percent after the company announced the timetable for the conclusion of the merger with Fibria (SA :). Guia Investimentos reviewed the positive developments and reiterated Suzano's (SA 🙂 purchasing recommendation considering the "still positive price cycle of pulp prices in 2019", as well as synergies resulting from the Fibria merger.

– VALE (SA) rose 1.54%, following the rise in iron ore prices in China, during a favorable trading session for steelmakers. USIMINAS PNA (SA 🙂 gained 4.12%, while GERDAU PN (SA 🙂 increased by 2.52% and CSN (SA 🙂 increased by 1.03%. PETROBRAS ON (SA 🙂 rose by 1.01%, against the decline in world oil prices

– PETROBRAS PN (SA 🙂 gained 1.15% and [19659016] ITAÚ UNIBANCO fell by 0.91% and BRADESCO PN (SA 🙂 yielded 1.18%, losing its breath after the renewal of its shares in the company.

first intraday historical peaks. During the month, however, both banks accumulated gains of about 10%. Also in the area, BANCO DO BRASIL ON (SA 🙂 lost 1.35% and SANTANDER UNIT (SA 🙂 lost 1.79%.

– ELETROBRAS ON (SA 🙂 fell by 5.2% and ELETROBRAS PNB (SA 🙂 fell by 3.18%, the attention being focused on the sales process of electricity distributors. On Tuesday, Federal Supreme Court Minister Ricardo Lewandowski granted an injunction overturning a decision preventing the sale of Ceal to Alagoas, according to a document obtained by Reuters.

– The magazine LUIZA (SA 🙂 yielded 3.86%, while investors took the opportunity to pocket some of the profits this year, already exceeding 100%. Another retailer who closed the red was B2W (SA :), down 1.19%.