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,...

Less expensive than a coffee

Enjoy any plan of your choice for US$1 for the first month