Brazilian bourse enjoy best January in six years
February 1st, 2012 - 2:33 pm ICT by IANSRio de Janeiro, Feb 1 (IANS) Brazil’s Sao Paulo stock exchange (Bovespa) had the best January in six years, with the benchmark Ibovespa index rising 11.1 percent in the month, a media report said.
The figures are impressive, given that the Ibovespa accumulated a fall of 18 percent last year.
On Tuesday, the Ibovespa rose 0.48 percent to 63,072 points, the highest closing level since July 4, reported Xinhua.
The common stocks of oil giant Petrobras, Brazil’s largest company listed in Bovespa, accumulated a rise of 17 percent in January, and closed at 26.91 reais ($15.46) Tuesday. In 2011, Petrobras’ common stocks fell 24.7 percent.
After falling 21.2 percent in 2011, Petrobras’ preferred stocks rose 14.3 percent in January, reaching 24.57 reais ($14.12) Tuesday.
Mining giant Vale’s common stocks rose 13.3 percent to 44.70 reais ($25.68), a sharp contrast from 2011, when they accumulated a 28.7 percent fall. Vale’s preferred stocks rose 12.8 percent to 42.69 reais ($24.53), after falling 22 percent last year.
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- Brazil oil giant's reserves' rise - Jan 13, 2012
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- Strike halts work on mega-dam in Brazil - Apr 24, 2012
- Brazilian firm makes offshore crude find - Mar 21, 2012
- Brazil suspends Chevron drilling rights after spill - Nov 24, 2011
- Brazilian firm approves $225 bn investment plan through 2015 - Jul 24, 2011
- `Chevron out of Brazil if it fails to comply with agreement' - Dec 05, 2011
- Woman to head Brazilian oil giant - Jan 24, 2012
- Brazilian government sees economy expanding through 2014 - Feb 14, 2012
- Brazilian oil giant to build world's largest ethanol plant - Aug 19, 2011
- Petrobras reports gas leak at drilling platform - Nov 28, 2011
Tags: bourse, bovespa, common stocks, ibovespa, july 4, oil giant, petrobras brazil, preferred stocks, rio de janeiro, rose 13, sao paulo stock, sao paulo stock exchange, six years, xinhua