Ibovespa closed with a modest decline on Thursday, marked by a nearly 80% decline in Americanas shares, which lost more than 8 billion reais in market value after revealing accounting “misstatements” of about 20 billion reais.
News about the retailer ended up overshadowing the relevant agenda in the penultimate trading session of the week, which also saw the announcement of fiscal measures by Finance Minister Fernando Haddad and data on US consumer prices.
Reference index of the Brazilian stock market, the Ibovespa fell by 0.48%, to 111,978.25 points, according to preliminary data, after reaching 113,128.8 points at its maximum and 110,981.59 points at its minimum. The financial volume amounted to 24.7 billion reais.
The decline comes after a sequence of six trading sessions of highs, in which the Ibovespa has accumulated an 8% appreciation.
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Source: Terra
Camila Luna is a writer at Gossipify, where she covers the latest movies and television series. With a passion for all things entertainment, Camila brings her unique perspective to her writing and offers readers an inside look at the industry. Camila is a graduate from the University of California, Los Angeles (UCLA) with a degree in English and is also a avid movie watcher.
