Ibovespa rises as Petrobras and Axia gain
Ibovespa rises over 0.5% to trade close to 168,000 as Petrobras gains nearly 1% and Axia adds 0.5% after its second Class C preferred share buyback results.
The Ibovespa rose over 0.5% to trade close to 168,000 on Tuesday, supported by heavyweight stocks.
Petrobras rose nearly 1% as oil prices climbed after US President Donald Trump said he was not interested in extending the interim peace deal with Iran.
Axia (+0.5%) announced the results of its second Class C preferred share buyback operation, totaling approximately R$2 billion.
Itaú BBA reiterated its buy recommendation for the stock.
Rede D’Or added about 1%, while WEG gained 0.5%.
Major banks traded below the flatline, pressured by rising global bond yields as energy-driven inflation concerns persisted.
Meanwhile, Casas Bahia (-7%) is seeking a R$1 billion loan and betting on its marketplace after filing for judicial recovery.
The company’s shares were halted several times during Monday’s session amid sharp volatility and closed down 33%.