The Ibovespa maintained its place above the psychological 138,000-point threshold on Monday, closing at 138,136.14 factors with a modest 0.23% achieve.
Buying and selling knowledge from B3 and change fee data from official sources affirm the Brazilian benchmark’s resilience throughout a session marked by decreased international liquidity.
Particular person inventory efficiency confirmed clear sector rotation patterns, with retail and logistics firms main good points. Sendas Distribuidora led the session with a 5.97% surge to 10.65 reais on quantity of 15.20 million shares.
Azul adopted with a 4.81% advance to 1.09 reais amid heavy buying and selling of 59.90 million shares, whereas petrochemical large Braskem climbed 4.15% to 11.55 reais.
The session’s greatest loser got here from the power sector, with Raizen Most well-liked tumbling 7.94% to 1.97 reais. Meals processor JBS declined 3.63% to 39.26 reais, whereas pet retailer Pet Middle dropped 3.13% to 4.34 reais.
Market breadth remained constructive with 480 advancing shares versus 383 declining points, whereas 69 ended unchanged. The greenback strengthened in opposition to the actual, reaching 5.6674 reais in response to change fee knowledge, representing a 0.51% advance for the American forex.
Ibovespa Holds Regular Inside Upward Channel
This motion aligns with broader rising market forex weak point as buyers positioned forward of key inflation knowledge releases. U.S. markets remained shuttered for Memorial Day, creating an surroundings of subdued buying and selling volumes throughout international exchanges.
European indices posted good points, with Frankfurt’s DAX advancing 1.56% to 23,997.44 factors after President Trump delayed tariff implementation on European Union items from June 1 to July 9.
Technical evaluation of the Ibovespa reveals the index continues buying and selling inside its established upward channel. The every day chart reveals value motion sustaining help above key transferring averages, with the 20-period transferring common offering instant help round 137,000 factors.
Quantity patterns point out institutional participation stays regular regardless of the holiday-reduced session. The Relative Energy Index sits in impartial territory, suggesting neither overbought nor oversold circumstances prevail.
Transferring Common Convergence Divergence indicators present continued bullish momentum, although momentum seems to be consolidating fairly than accelerating. Assist ranges cluster round 137,000 factors, whereas resistance emerges close to 140,000 factors primarily based on current value motion.
Volatility measures elevated in the course of the session, with the CBOE Brazil ETF Volatility index climbing 5.69% to 31.21. This uptick suggests underlying market nervousness regardless of the constructive shut, reflecting uncertainty round upcoming financial knowledge releases.
Brazil’s forex has weakened from its Could lows, with the dollar-real pair displaying elevated volatility across the 5.67 degree. Trade fee knowledge reveals the pair has traded in a decent vary between 5.61 and 5.74 all through Could, indicating relative stability regardless of international uncertainties.
Financial fundamentals proceed supporting Brazilian asset efficiency, with the Ibovespa posting a 16.48% achieve since January. The index stays properly above its 200-day transferring common, confirming the first pattern stays intact.
Tuesday’s session faces potential volatility as inflation knowledge might affect near-term financial coverage expectations.
