Ibovespa Rebounds After Eleven-Day Losing Streak
2026-08-19 20:43
By
Isabela Couto
1 min. read
The Ibovespa rose 0.9% to close at 167,830 on Wednesday, rebounding from eleven consecutive days of losses amid a stabilization in global bond yields.
Yields in major economies declined after the US Treasury said it would double long-term security buybacks.
Financials were mostly higher, with Itaú up 0.5%, Banco do Brasil adding 1.6% and B3 rising 0.8%.
Petrobras gained 1.2% as oil futures rose for a fourth consecutive session amid fading prospects for a deal to end the conflict in the Middle East.
Vale rose 0.8% amid iron ore supply concerns following failed wage negotiations between BHP and workers in Port Hedland, while CSN Mineração gained 2.2%.
Meanwhile, steelmakers posted losses, with Gerdau tumbling 5.2% and CSN down 2.4%.
Axia added 1.8% following its share buyback results and a buy recommendation from Itaú BBA.
Embraer erased earlier gains after Itaú BBA raised its price target, closing 0.2% lower.
Other notable performers included Rede D’Or (+2.6%) and Sabesp (+1%).