'Flávio Day': Stock market hits record high, closing up 7.7%; dollar falls

Graduated in journalism from São Paulo State University Júlio de Mesquita Filho. Reporter for Revista Oeste since September 2024.

'Flávio Day': Stock market hits record high, closing up 7.7%; dollar falls

TL;DR

  • Ibovespa reached an all-time closing high of 206,911.89 points, up 7.7%.
  • The dollar fell 4.12% to R$ 5, the largest daily drop since 2018.
  • Market surge occurred after Flávio Bolsonaro led in the first round of presidential elections.
  • Notable stock gains included Magazine Luiza (24.18%), Cosan (23.79%), B3 (22.63%), and BTG Pactual (22.52%).
  • Petrobras stocks also rose, with common shares up 6.68% and preferred shares up 8.19%.
  • Exporters like Suzano (-5.39%) and Vale (-0.97%) saw declines due to the strengthening real.

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