The investor has profits and the stock market drops by more than 1%; dollar works at $ 3.75



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SÃO PAULO – Ibovespa is at its lowest point since it opened and has returned to 79,000 points, due to the poor performance of bank shares – notably Itaú Unibanco – and Petrobras in the mid day, the Ibovespa loses 1.46%, to 79.104 points, after 79,016 points. The highlight of the session is Itaú Unibanco PN, which decreased by 3.41% and has the highest trading volume of Ibovespa, with R $ 428 million in revenue. The institution recorded a recurring net profit of 6.382 billion reais in the second quarter of 2018, up 3.4% from one year to the next. The result, however, was lower than the average projection of R $ 6.595 billion of badysts consulted by Valor .

The poor performance of Ituú shares Unibanco contaminates the entire banking sector: Bradesco PN cedia 1.19%, Bradesco ON decreased by 1.44%, Banco do Brasil ON decreased by 1.55 % and Santander Brasil lost 0.81%. Despite declines, bank stocks still posted gains of more than 13% in July.

Outside banks, attention was focused on Petrobras NP (-1.86%) and Petrobras ON (-2.09%) on the devaluation of oil prices. On the downside, Cielo ON (-4.61%) was the worst performer of Ibovespa – the company's profit fell by 17, 8% on an annual basis, to 817.5 million of reais. Embraer ON (-0.16%) and Raia Drogasil ON (-1.46%) also fell after posting quarterly results lower than those expected by badysts.

On the plus side, Eletrobras ON (+ 1.80%) and Eletrobras GNP (+ 1.06%) progressed after shareholders approved the extension of the distributors' operation until the end of the year. at the end of the year, giving the state the longest term to privatize the badets.

On the foreign exchange market, of 0.80%, traded at R $ 3,77589, a day after the closing of R $ 3,7289.

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