06.11.202514:29:31UTC+00Ibovespa Hits Record on Earnings Wave

The Ibovespa index experienced an uptick of approximately 0.5%, nearing a new peak of 154,000 on Thursday, driven by positive earnings reports, while investors evaluated the Central Bank of Brazil's (BCB) interest rate resolution. Engie Brasil saw a 1.6% increase in its stock as it announced a 9.8% rise in its adjusted profit for the third quarter, reaching R$731 million. Vivara shares climbed by 2.4% following the disclosure of a significant 64.1% surge in net profit to R$176 million, alongside a 37% rise in adjusted EBITDA. Petrobras shares gained 1.4%, while Cogna dipped by 1.3%. Fleury and Assaí both edged up by 0.3%, and Caixa Seguridade climbed 1.3%. Contrary to this, Renner and Magazine Luiza faced declines of 3.1% and 3.3% respectively. Suzano saw a minor dip of 0.2%, Petrorecôncavo rose by 0.6%, and SLC Agrícola decreased by 0.3%. Brava Energia reported a substantial drop in net profit by 75.8% to R$120.7 million, leading to a 3.1% decrease in its share value. Despite Minerva posting higher profits, its shares plunged by over 10% as its EBITDA met expectations, but net profits fell short. On a monetary note, the Central Bank maintained the Selic interest rate at 15%, reaffirming that it will hold steady at this level in forthcoming decisions.