Ibovespa Slides as Oil Surge Weighs

2026-03-27 14:08 By Isabela Couto 1 min. read

The Ibovespa edged down to trade below 182,500 on Friday as investors remained pessimistic amid ongoing Middle East tensions.

US President Trump's extension of the Iran ultimatum failed to ease oil prices, which rose further, prompting continued inflation concerns and lifting bond yields.

This weighed on banking stocks, with Itaú and Bradesco falling over 1% and Banco do Brasil slumping more than 2%.

The utilities sector also extended losses, with Axia down 1.5%.

Other laggards included WEG and Rede D'Or, both down about 1%.

In contrast, Petrobras (+1%) extended gains on higher oil price.

In other news, Braskem plunged 10.4% after reporting a R$10.28 billion loss for Q4 2025.

Goldman turned cautious on Hapvida (-3.8%), downgrading from Buy to Neutral and lowering its price target.

Azul lost over 5% after posting a R$1.6 billion net loss in Q4 2025.

Meanwhile, Ambev gained 1% following Thursday's announcement of a $1 billion investment in responsible alcohol consumption initiatives.



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