The Ibovespa stock index added 195 points, or 0.2% to 113,708 on Wednesday, the highest close since April 20th as gains in energy and utilities stocks more than offset losses in healthcare and academic & educational services companies. Traders digested mixed economic data from major economies and more corporate updates, while the focus shifted to the release of FOMC minutes. Americanas and Via SA led losses with a 6.1% drop; while miner Vale declined 2.5% and CCR went down 0.4% after its CEO resignation.
Historically, the Brazil Stock Market (BOVESPA) reached an all time high of 131190.30 in June of 2021. Brazil Stock Market (BOVESPA) - data, forecasts, historical chart - was last updated on August of 2022.
The Brazil Stock Market (BOVESPA) is expected to trade at 108919.00 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 98150.01 in 12 months time.