In the latest trading session in São Paulo, Brazil's main stock index, the Bovespa, ended the day with a 2.02% increase, setting a new record closing level. This advance was prominently supported by substantial gains in the financials, real estate, and basic materials sectors, which collectively bolstered investor sentiment and overall market performance.
Leading the day's gains was Braskem SA (BVMF:BRKM5), which surged 9.15%, closing at 9.42 units after adding 0.79 points. Companhia Siderúrgica Nacional (BVMF:CSNA3) followed, ending 5.77% higher at 10.09 units with a 0.55-point increase. Petroleo Brasileiro SA PN (BVMF:PETR4) also posted a notable rise, climbing 5.24% or 1.76 points to finish at 35.34 units.
On the downside, Vivara Participacoes SA (BVMF:VIVA3) experienced the steepest decline among major laggards, dropping 4.05% or 1.21 points to close at 28.65. Companhia Brasileira De Distribuicao (BVMF:PCAR3) retreated by 2.06% or 0.08 points, finishing at 3.81 units, while Hapvida Participacoes e Investimentos (BVMF:HAPV3) saw a 1.23% loss, ending the session at 13.62 units.
Market breadth favored advancing stocks, with 605 issues rising compared to 340 that declined and 54 remaining unchanged on the B3 Stock Exchange. This positive dynamic reflected investor preference during the session.
Volatility in the options market, as measured by the CBOE Brazil ETF Volatility index, rose sharply by 12.29% to 30.33, marking a one-month high in implied market uncertainty.
Commodity markets also showed strength, with February Gold Futures climbing 1.33% to $4,978.69 per troy ounce and March Crude Oil futures ascending 3.00% to $61.14 per barrel. Additionally, March US coffee contracts increased 1.08% to $351.45. Currency trends included a near-flat U.S. dollar against the Brazilian real at 5.29 and a 0.56% appreciation of the euro to 6.25 real.
The U.S. Dollar Index futures weakened by 0.85%, closing at 97.35, indicating some softening in the dollar against a basket of currencies.