After reaching 103,000 points at the opening of the session, the Ibovespa stock market fluctuated between 104,000 and 106,000 points for most of the afternoon.
Thus, depending on the external mood and variations in shares in New York and oil prices.
But it ended up closing at the lowest point of the day, down 2.59%, at 102,983.54 points, with the worsening on Wall Street.
However, at a certain point in the day, purchase orders reflected some willingness to buy discounted shares, which still have accumulated significant losses this year.
Ibovespa Indexes
Therefore, without having followed the rise in the reference index observed in December.
Thus, the movement of renewal of historical highs on the Ibovespa stock exchange was resumed.
This appetite, however, did not prove sustainable. In the end, the index's breathing room was not long enough to avoid losses, which deepened in the final hour.
After losing almost 8 thousand points on Ash Wednesday, the Ibovespa closed today at its lowest level since October 10th.
The deterioration was especially notable at the end, in a session in which New York indexes recorded losses of more than 4.4%, which widened towards the close, and those in Europe fell by more than 3%.
Around here, the spin financial, once again very high, totaled R$ 39.5 billion, surpassing that of the previous day (R$ 33.1 billion).
Ibovespa shares
Only four Ibovespa stocks managed to sustain gains at today's close, with highlights for IRB (+6.66%) and Hapvida (+1.39%) – yesterday, all components of the index had closed lower.
In the afternoon's best moments, the Ibovespa stock exchange attempted a moderate recovery, with a gain of 0.88% at the session's high, at 106,656.32 points.
“It was a 'black' or 'red' day, no one yet knows exactly what effect the coronavirus will have on companies' results and global GDP. We have to wait a little; it was cheap, ok, but that doesn't mean it will go up tomorrow”, says Luiz Roberto Monteiro, operator of the institutional desk at Renascença.
For the year, losses now reach 10.95% and, in February, 9.47%, with the Ibovespa having remained in negative adjustment in the last four sessions.
Because with a period a little before the conclusion of the Social Security reform, on the 23rd of that month.
“When it reached 103,000 points today, investors began to see a buying opportunity, giving some support to the index.
Although the scenario has become bleaker in recent weeks, which is reflected in increasingly lower economic growth projections.