The stock market 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 more than 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 fell 2.17%, to 73,019 points. At the day's low, the stock market scored 72,385 points. At its maximum, it was 75,511 points.
Companies listed on the exchange lost R$ 1.1 trillion in market value in March.
With the performance of this 31st, the stock exchange accumulated a drop of 29.9% in March. Recording the worst performance since August 1998 (decrease of 39.55%). When Brazil was dealing with the impacts of the Russian crisis. This year, it is already 36.86%.
Meanwhile, the dollar rose 0.31%, to R$ 5.1960, and accumulated an increase 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 was triggered six times. This is the mechanism that suspends negotiations when the Bovespa index registers significant drops from 10%. In this way, reflecting concerns about the undeniable impacts of the Covid-19 pandemic on the national and global economies.
Despite the efforts – at different levels – from 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 regarding the blows suffered by the economy.
While the rate of contagion shows no signs of easing and confinement measures have been necessarily extended, the final effect on global activity remains uncertain. As well as the moment of economic recovery of the countries.
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