Bolsa recorded the worst monthly performance since August 1998. The bovespa index fell 2.17%, to 73,019 points. The drop in 2020 is 36,86%.
B3 had the worst monthly performance in over 20 years. It closed lower this Tuesday (31), concluding the last session of March. Which, in turn, was full of doubts, due to the impacts of the new coronavirus pandemic on the economy.
The Ibovespa retreated 2.17%, to 73,019 points. At the low of the day, the stock market scored 72,385 points. At the maximum, it was 75,511 points.
Listed companies lost R$ 1.1 trillion in market value in March.
With the performance of this day, the 31st, the stock market accumulated a drop of 29.9% in March. Registering the worst performance since August 1998 (39.55% pullback). When Brazil was dealing with the impacts of the Russian crisis. This year, the is already 36,86%.
Meanwhile, the dollar rose 0.31%, R$ 5.1960, and accumulated a high of 16% in the same month.
"Free fall"
“Prices have lost any reference”, summarized manager Werner Roger, founding partner of Trígono C(apital.
In the month of March, the circuit breaker It was triggered six times. This is the mechanism that suspends trading when the Bovespa index registers significant drops from 10%. Thus, reflecting concerns about the undeniable impacts of the Covid-19 pandemic on the national and world economies.
Despite the efforts – at different levels – of the most diverse countries around the globe, uncertainties still remain. After all, even after a battery of global economic stimulus measures. Regardless of the (relatively) better news about vaccine development and testing. The month of March and the first quarter ended with a series of gaps. Especially about the blows suffered by the economy.
While the pace of contagion shows no signs of easing and confinement measures have been extended by necessity, the final effect on world activity remains uncertain. As well as the moment of the economic recovery of the countries.
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