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MarketScreener Homepage  >  Indexes  >  Bolsa de Valores de Sao Paulo  >  Ibovespa    IBOVESPA   BRIBOVINDM18

IBOVESPA

(IBOVESPA)
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Reforms boost the stock market

11/06/2019 | 08:35am EST
Mid-term Analysis published on 11/06/2019 | 08:35am

The Brazilian stock market maintains excellent momentum, thanks to the retirement reform that drives buying initiatives. >
Investment bank Banco BTG Pactual achieved the best performance over the reference period, with an increase of 29%, followed by Klabin (paper industry) at +15%. This increase in equities is due to a good performance of the real which goes from 4.18 to 4 for one dollar.

Graphically, in daily data, the Brazilian index set a record after record and is close to the symbolic line of 110,000 points. The moving averages are well oriented and validate a strong upward trend.
At this stage of the configuration, the turning point remains far away. A consolidation phase towards 104 000 would not be alarming, however, passing under this line would further neutralize the current scenario.


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Chart IBOVESPA
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Ibovespa Technical Analysis Chart | IBOVESPA | BRIBOVINDM18 | MarketScreener
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