Hello and welcome back to our market roundup, when we sum up the most important goings-on in the Brazilian investment world.
🔔 The dashboard: The Ibovespa benchmark stock index was down by 0.75 percent this week. The Brazilian Real, meanwhile, gained 1.05 percent against the U.S. Dollar.
- Biggest gains: Positivo (technology), +11.3 percent.
- Biggest drops: Americanas (retail), -14.1 percent.
Time to reshuffle the portfolio?
Unlike major international indexes, Brazil’s Ibovespa enjoyed a robust performance in May, closing the month up by 3.22 percent, thanks to the current commodities cycle.
Despite the good showing, several investment banks and brokerages note that the...