Ibovespa rose 1.10% this Wednesday, the 25th, to 114,270.07 points, its highest close since Nov. 8 (116,160.35 points). Market agents attribute the results to the influx of foreign capital into the Brazilian Stock Exchange due to the favorable external environment and low prices in the country compared to emerging peers. Bank recovery and lower future interest rates also helped keep the index moving ahead of the start of the reporting season in the fourth quarter of 2022.

Camila Abdelmalak, Chief Economist at Veedha Investimentos, names a favorable international scenario as the main vector for the inflow of external resources. “Despite domestic policy uncertainty, foreigners are weighing up the rise in commodity prices with the opening of China, and more traditional companies are the target of foreigners,” says the analyst, for whom anticipation of an end to monetary tightening in the United States Unidos also helped support Ibovespa today. .

Among the highlights of the session, shares of Petrobras rose 1.28% (PN) and 0.43% (ON). Oil ended the session flat, between a 0.02% high for WTI and a 0.07% drop for Brent in the regular session, but extended gains to 0.47% and 0.33% respectively at 18:13 on the electronic session . and overcame inner uncertainty. Investors are looking forward to the meeting of the oil company’s board of directors tomorrow, which is to confirm PT Senator Jean Paul Prates as the company’s president.

Banking stocks, which accumulated losses during the week due to concerns about financial institutions’ exposure to US billions in debt, also rebounded today, with a focus on Banco do Brasil (+2.73%) and BTG Pactual (+1.94). %). The decline in future interest rates across the curve also had a positive impact on the retail and civil engineering segments, whose core indices rose by 1.17% and 1.82%, respectively.

Leandro de Cecchi, an investment analyst at Clear Corretora, said Ibovespa’s positive performance today is due to a combination of stronger commodities and lower prices on the Brazilian stock exchange. “In this international scenario, venture capital has to go somewhere. In Brazil, the possibility of an interest rate ceiling with signs of slowing inflation and the fact that assets are cheap attracts this capital,” he says.

The biggest gains on the day were registered in São Martinho (+4.37%), BB Seguridade (+4.15%), Weg (+4.06%), Fleury (+3.96%) and Alpargatas (+3 .53%). On the other hand, Via (-1.99%), Qualicorp (-1.70%), Suzano (-1.56%), Natura (-1.42%) and Telefônica Brasil (-1 .40%).