Hello and welcome back to our market roundup, when we sum up the most important goings-on in Brazilian markets.
🔔 The dashboard: The Ibovespa benchmark stock index was up by 2.8 percent this week. The Brazilian Real, meanwhile, gained 2.73 percent against the U.S. Dollar.
- Biggest gains: Cosan (biofuels), +16.1 percent.
- Biggest drops: CVC (tourism), -8.9 percent.
The risk of investing in state-controlled firms in electoral years
It has been a quintessential rollercoaster year for the Brazilian stock market. The Ibovespa benchmark stock index started 2022 as one of the biggest winners, up nearly 17 percent in April. Soon after, the…