Brazilian stock market records seven-month low

16:16, May 19, 2010      

Email | Print | Subscribe | Comments | Forum 

Brazil's Sao Paulo Stock Exchange's Ibovespa indicator dropped 3.22 percent to 60,841 points, the lowest level since October 2009.

It was the Ibovespa's third consecutive fall. So far this month, the Brazilian stock market has accumulated a fall of 9.9 percent. In 2010, the Ibovespa fell 11.3 percent.

The decline was mainly attributed to the crisis in Europe, which caused the euro to drop sharply, as well as to the poor performance of some sectors in the domestic market.

The preferential stocks of Brazil's largest private company, mining giant Vale, were down 3.86 percent on Tuesday, closing at 40 reais (21.97 U.S. dollars). The company's ordinary stocks closed at 46.40 reais (25.49 U.S. dollars), down 3.61 percent from Monday.

The U.S. dollar rose 0.55 percent to 1.82 against the Brazilian reais on Tuesday.



  • Do you have anything to say?


Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • The wax figure of actress Audrey Hepburn is seen at the Madame Tussauds Hong Kong in Hong Kong, south China, Sept. 27, 2011. The wax figure of Audrey Hepburn was unveiled in Hong Kong on Tuesday. (Xinhua/Chen Xiaowei)
  • Photo taken on Sept. 26, 2011 shows lighting illuminating the night sky in Guangzhou, capital of south China's Guangdong Province. The first Guangzhou International Lighting Festival kicked off here on Monday. (Xinhua/Shen Dunwen)
  • The graphic shows the schematic image of Chinese space station. (Xinhua/Lu Zhe)
  • The injured are wheeled to a hospital following a subway train collision in Shanghai, east China, Sept. 27, 2011. A subway train rear-ended another Tuesday afternoon in Shanghai.  Over 260 people injured in the accident were seen receiving treatment in hospitals as of 7:30 p.m. Tuesday, according to local authorities.(Xinhua/Liu Ying)
  • On Sept. 26, a resident passes by a flower terrace decorated for the coming National Day. (Xinhua/Hang Xingwei)
  • The photo, taken on Sept. 26, shows the SWAT team ready for the joint exercise. (Xinhua/Wangkai)
Hot Forum Discussion