Ibovespa closes the week in the blue; see the 5 biggest highs and lows

Stocks close week in blue, but retreat this Friday on Budget (Image: Money Times/Diana Cheng)

THE Ibovespa (IBOV) closed down 0.16%, at 108 thousand points this Friday (21). The day ended in the red amid concerns about the sanction of the 2022 Budget, which should happen later today.

According to the Reuters agency, Bolsonaro must sanction the 2022 Budget with a forecast of R$ 4.9 billion to feed the electoral fund, but it will be necessary to promote an immediate cut of 3 billion reais in other areas of government.

For the week, Ibovespa ended up 1.87%. The biggest increase of the last 5 days was with the shares of American stores (LAME4) with a surge of 15.85%. The second best weekly performance went to American (AMER3) with an advance of 15.57%.

On the other hand, the roles of Braskem (BRKM5) fell by 7.48%. On Monday, the company said it had filed, with regulatory bodies in the US and Brazil, an application for registration of the secondary offering of shares.

The operation must allow Petrobras (PETR4) and Novonor (formerly Odebrecht) to sell their stakes in the company. Analistas interviewed by Money Times saw the news with good eyes.

Earlier, Braskem also reported an increase in its propylene import capacity in the United States through an agreement with port operator Repauno.

See the 5 biggest highs and lows of the week:

Business Ticker Variation
American stores LAME4 15,85%
American AMER3 15,57%
JHSF JHSF3 13,61%
hapvida HAPV3 13,58%
Sum group SOMA3 12,08%
IRB IRBR3 -5,37%
espadrilles ALPA4 -5,83%
BRF BRFS3 -6,21%
Embraer EMBR3 -6,41%
Braskem BRKM5 -7,48%

Warning

The data disclosed in this news are preliminary and are subject to changes by the company’s After-Market. B3 (B3SA3) which closes at 18:30. To read the final data, wait for the final Ibovespa news.

Source From: Moneytimes

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