Market roundup: 2022 has been kind to Petrobras

Despite a highly volatile market scenario, Petrobras shares remain positive this year

petrobras stock prices
Photo: Bruno Cesar Spada/Shutterstock

🔔The dashboard: Brazil’s benchmark stock index Ibovespa gained 2.23 percent this week. Meanwhile, the Brazilian Real lost 0.19 percent against the U.S. Dollar. 

  • Biggest gains: Estacio (education), +27.27 percent
  • Biggest drops: Marfrig (food), -8.54 percent

Despite recent volatility, Petrobras shares perform well over the year

Over the last month, ordinary shares of Brazilian oil and gas giant Petrobras suffered substantial losses – including a 7-percent slide today. Stock prices are down as crude oil prices plummet amid fears of a global economic slowdown and concerns about high inflation and rising interest rates.

Still, Petrobras’s ordinary shares remain up by over...

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