Business

Market roundup: Brazil’s state-owned firms, buy or pass?

Elections in Brazil are times of heightened risk, but experts suggest that the hardy investor could pick up some good bargains in state-controlled companies

state-owned companies market
Photo: Deni Williams/Shutterstock

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...

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