Ibovesba Edges Up Ahead of Government Budget Vote

2025-12-19 13:47 By Isabela Couto 1 min. read

The Ibovespa edged up to trade above 158,000 on Friday, with attention on the congressional vote on the 2026 Budget.

Lawmakers are scheduled to analyze the proposal after the session was postponed on Thursday.

Petrobras rose 0.4% on higher oil prices, while Vale also gained 0.4% as iron ore advanced, supported by expectations that Chinese steelmakers will step up restocking ahead of the Lunar New Year holiday in February.

Utilities traded mixed, with Axia down 0.4% and Sabesp up 0.3% after approving the payment of R$1.798 billion in interest on equity.

Major banks were mostly higher, led by Itaú, up 0.3%, and Bradesco, up 0.2%.

WEG and Embraer both advanced more than 1%.

On the downside, Rede D’Or fell over 8% and Ambev dropped more than 5% after both shares went ex-dividend on Thursday.



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