Walking with a stone in your shoe is such a discomfort that it even became a popular expression to represent an uncomfortable and annoying problem to solve.
In the case of the Brazilian stock exchange, we can say that the setback is not a stone, but an ore — or rather, an entire mining company.
Let’s see: since the lows of the year, in March, the Ibovespa engages in an increase of more than 12%. It looks good, but year-to-date the main B3 stock index is still practically at zero to zero.
One of the main factors responsible for this quagmire on the Ibovespa is Vale. Against the grain of the market and the recent upsurge of the stock exchange, the mining company’s shares have accumulated a drop of more than 25% in 2023.
As everything related to Vale involves huge figures, we are talking about a loss of just over BRL 100 billion in market value.
This drop ends up hampering the performance of the Ibovespa as a whole because the mining company’s shares have the greatest weight in the index.
As if the loss of value were not enough, Vale’s shareholders still had to face a significant cut in the first quarter’s dividends.
In today’s special report from Seu Dinheiro, reporter Ana Carolina Neira tells what made Vale turn the stone in the bag’s shoe. In addition, it is clear what to expect for the company’s shares and dividends.
This article was first published in “Your Money in Your Morning”. To receive this content in your email, sign up for free at this link.
What you need to know today
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New overdraft? Nubank starts offering an additional credit card limit for customers to make Pix. Additional amount will be included in the roxinho card invoice and can be paid in up to 12 installments.
ECONOMIC IMPROVEMENT?
Selic has not yet dropped, but the new fiscal framework has already reduced market interest rates, says Campos Neto. Within the theme of expectations, the president of the Central Bank claims that the possibility of changing the inflation target still needs to be resolved.
FRIDAY WITH RUY
On the stock exchange, avoid stories with strong emotions, such as the CVC (CVCB3); boredom is an investment’s best friend. Successful restructurings are the exception; cases full of twists and turns can bring a lot of headache to the investor.
That hug and a great weekend!
Source: Moneytimes
I am an author and journalist with a focus on market news. I have worked for a global news website for the past two years, writing articles on a range of topics relating to the stock market. My work has been published in international publications and I have delivered talks at both academic institutions and business conferences around the world.
