The Ibovespa rose 1.4% to close at a record 209,067 on Friday as the first voting-intention polls released after the first round confirmed Flávio Bolsonaro’s lead over President Lula in the runoff. Markets view Bolsonaro as more fiscally restrictive, strengthening expectations that a potential administration could tighten control over public spending and improve Brazil’s fiscal position. The race remains tight, with some polls showing a statistical tie. Financial stocks were mostly higher, with Itaú up 2.3%, BB and Itaúsa gaining 1.6% each, and B3 advancing 2.5%. Petrobras rose 0.9% despite volatile oil prices. Vale turned positive late in the session, closing up 0.38% in a narrow range after iron ore prices hit multi-month lows. Retailers posted sharp gains as yields fell following the polls, despite rising inflation and a reading above the upper limit of the BCB’s target range. Magazine Luiza soared 19.2%. The Ibovespa gained 8.82% this week, its strongest weekly performance of 2026.
Brazil's main stock market index, the IBOVESPA, closed flat at 209067 points on October 9, 2026. Over the past month, the index has climbed 11.05% and is up 48.61% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks this benchmark index from Brazil. Historically, the Ibovespa reached an all time high of 209713.45 in October of 2026. Ibovespa - data, forecasts, historical chart - was last updated on October 13 of 2026.
Brazil's main stock market index, the IBOVESPA, closed flat at 209067 points on October 9, 2026. Over the past month, the index has climbed 11.05% and is up 48.61% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks this benchmark index from Brazil. The Ibovespa is expected to trade at 203428.70 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 185400.62 in 12 months time.