Ibovespa Extends Losses for 2nd Session

2026-01-13 21:19 By Felipe Alarcon 1 min. read

Brazil’s Ibovespa index fell 0.7% to close at 161,973 on Tuesday, extending the modest pullback from the previous session as gains in resource heavyweights failed to offset broad based weakness across the market.

Banking shares led the declines, with Bradesco, Banco do Brasil, and Santander falling between 1.1% and 3.2% as expectations that the Central Bank will keep its policy rate at a restrictive peak continued to weigh on near term credit prospects.

Those losses overshadowed strength in commodities, with Petrobras climbing 3.5% alongside another advance in crude oil prices, while Vale added 1.1% after Capital World Investors disclosed an increase in its stake to more than 5%.

Overall, the index remained under pressure as tighter financial conditions and sector rotation outweighed support from higher resource prices.



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