The stock market is reflecting distrust in the economy.
Investors are preferring to buy shares primarily of commodity exporters over those of consumer companies or those focused on the domestic market.
247 - Investors are preferring to buy shares primarily of commodity exporters over shares of consumer companies or those focused on the domestic market.
The trend is highlighted in a report by Tássia Kastner in the Folha de S.Paulo newspaper. "The rise in the Ibovespa, the country's main stock index, which has reached new historical highs since the beginning of the year, has not been evenly distributed. Among the main companies that are appreciating and supporting the index are precisely those linked to exports and the energy sector."
"Among those suffering losses, those linked to the consumer sector predominate, and are therefore dependent on the recovery of the economy."
Companies like Lojas Americanas, B2W, CVC, Hypera, and shopping mall administrators such as Iguatemi, BR Malls, and Multiplan suffered the biggest drops and occupy the last places. Magazine Luiza was also hit by the pessimism.