IBOVESPA

IBOV
Delayed Quote. Delayed  - 10/30 04:22:00 pm
93952.4PTS -3.62%

Reforms boost the stock market

Mid-term Analysis published on 11/06/2019 | 09:35am
The Brazilian stock market maintains excellent momentum, thanks to the retirement reform that drives buying initiatives. >
Investment bank Banco BTG Pactual achieved the best performance over the reference period, with an increase of 29%, followed by Klabin (paper industry) at +15%. This increase in equities is due to a good performance of the real which goes from 4.18 to 4 for one dollar.

Graphically, in daily data, the Brazilian index set a record after record and is close to the symbolic line of 110,000 points. The moving averages are well oriented and validate a strong upward trend.
At this stage of the configuration, the turning point remains far away. A consolidation phase towards 104 000 would not be alarming, however, passing under this line would further neutralize the current scenario.

Patrick Rejaunier
© MarketScreener.com 2020
Copier lien
All news about IBOVESPA
1d ago
10/15
08/26
08/18
07/31