Monday, October 27, 2008

Bovespa is a decrease of 6.5% on the day and comes to the worst level in three years

The Bolsa de Valores de Sao Paulo (Bovespa), which has operated in fall throughout the day, garnered strong devaluation at the end of the trading session, following the worsening of mood in New York. With this, the index closed below the 30 thousand points for the first time in exactly three years since October 2005. 

The Ibovespa index - reference to the Brazilian market - had low of 6.5%, close to 29,435 points. The turnover shows that the market is attracting a smaller number of investors. On the day, was U.S. $ 3.24 billion, well below the U.S. $ 6 billion that were recorded in the first half. 

With the intensification of the fall at the end of the trading session, and fall below the threshold of 30 thousand points, the Bovespa accumulated the fifth devaluation followed, accumulating, since last Tuesday, falling more than 25%. Since the beginning of the year, the index's losses already encostam at 54%. Regarding the "peak" of the Ibovespa, on May 20 (73,516 points), the drop is 59.96%. 

Source: G1

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