Ibovespa Advances for 2nd Session

2025-10-23 20:23 By Felipe Alarcon 1 min. read

The Ibovespa rose 0.6% to close at 145,721 on Thursday, advancing for a second straight session supported by easing external risk and strong gains in the energy sector.

The White House announcement that President Trump will meet President Xi next week reduced bilateral trade fears, supporting risk assets.

Meanwhile, banks advanced after JPMorgan said it expects a solid, though not exceptional, third quarter for the sector.

The bank noted that agribusiness loans remain a challenge, particularly for Banco do Brasil, while non-performing loans and risk costs may rise slightly but stay at healthy levels.

Loan growth has exceeded expectations so far in 2025, though a slowdown is likely in the third quarter.

Higher oil prices lifted Petrobras by 0.5%.

Mega-cap WEG added 3.5% continuing to lead the index higher after a strong third quarter on Wednesday.



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