Ibovespa closes higher, buoyed by positive feedback from banks and with Cosan shares in the spotlight.
The Brazilian stock market benchmark index, the Ibovespa, rose 0,89% to 141,108,34 points.
(Reuters)- The Ibovespa closed higher on Thursday, buoyed by gains in bank stocks and with Cosan once again among the top performers, amid expectations surrounding Raízen, while US labor market data corroborated bets on an imminent interest rate cut by the Federal Reserve.
The Ibovespa, the benchmark index of the Brazilian stock market, rose 0,89% to 141,108,34 points, according to preliminary data, after hitting a low of 139.832,12 points and a high of 141.481,83 points. Trading volume totaled R$15,97 billion before final adjustments.