After accumulating losses of 8% last week, the bovespa index rose 2.36%, to 106,625 points this Monday.
This Monday (2), the B3, the main index of the Brazilian stock exchange, closed higher after accumulating a loss of more than 8% last week. All this amid expectations of actions by central banks to reduce the impact of the spread of the coronavirus on the pace of global economic activity.
The Ibovespa reached 106,625 points, rising 2.36%. The high of the day reached 107,868 points. And the lowest, 103,779 points.
Meanwhile, the unshaken Dollar rose for the 9th straight session on Monday. Closing at R$ 4.4860.
The bovespa index closed at a high of 1.15%, this Friday, marking 104,171 points. Cumulatively for the week, it lost 8,37%, the worst weekly result since August 5, 2011, according to Economatica.
Even with this Monday's advance, the stock market remains with an accumulated drop of 7.80% in the year.
Hypera was valued at 16.62%, leading the day's gains after buying Takeda's drug portfolio for US$ 825 million. Which includes Neosaldina and Dramamine. According to the company, the acquisition will make Hypera the largest pharmaceutical company in Brazil and the leader in over-the-counter medicines.
CVC Brasil dropped a drastic 10.61%, after disclosing that it found signs of errors in its accounting. Which, once confirmed, could mean significant adjustments in the results reported by the company, highlighted Reuters.
Impact on the local economy
Adolfo Sachsida, secretary of Economic Policy at the Ministry of Economy, said that the coronavirus should lead to a revision in the estimate of the Brazilian Domestic Product (GDP).
The secretariat commanded by him is responsible for setting the government's official projections for the economy. And it even announced in January 2020 an increase in the growth forecast, changing the expectation from 2.32% to 2.40%. However, according to the secretary, the new revision of the number should be announced by the end of next week.
The domestic market has reduced the GDP forecast for this year to 2.17%, according to the Central Bank's Focus survey. But several banks and consultancies already estimate a growth of less than 2%.
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