The stock market closed Friday with a slight increase of the Ibovespa, with banks and Petrobras as one of the biggest positive contributions, in a volatile session and in line with what happened in August. The movement was motivated by speculations linked to the presidential race, which divided the focus with international events.

The main equity index of B3 rose by 0.36 percent to 76,677.53 points after an increase of 76,025.96 points to a highest point of 77,202.24 points. The financial volume reached 11.2 billion reais.

In the week, the Ibovespa registered a slight increase of 0.46 percent, but in August the accumulated fall of 3.21 percent increased. In 2018 there is a positive variation of 0.36 percent. In US dollars, however, it drops by 18.25 percent.

Manager Marcello Paixão, partner in asset manager Constância, considered the profit in the session as a recovery after 2.5 percent fell the day before, because there were no major changes in the general scenario.

In the electoral framework, polls based on voter preference did not show any major changes in voting intentions, leaving the image previously undetermined.

According to the head of the variable income area of ​​the brokerage office of a relevant bank in São Paulo, some of the improvement of the trading session on Friday, including in relation to the rest of the world, reflected the expectations regarding a possible challenge for the candidacy of former President Luiz Inácio Lula da Silva.

Extraordinary session of the Superior Electoral Tribunal (TSE) assesses Friday the registration of Lula's candidacy, which must remove the PT leader from the intention of the pillar to vote – from the race to the Planalto Palace.

"Although given, the decision took the focus and the bet on the refusal to register helped to improve the market even more than the news abroad," said the real estate agent, who asked not to be mentioned.

Abroad, the continuing trade conflict between the United States and economic partners, particularly Canada and China, continued the markets, but more positive developments regarding Argentina brought some relief from risk aversion in emerging markets.

The IMF said it is working with Argentina to strengthen the economic program supported by the Fund, and the World Bank has expressed strong support and said it plans to release $ 1.75 billion for previously announced commitments in the next 12 months. months.

The last trading day of August is also characterized by the rebalancing of the Ibovespa, with the composition valid from September to December, with the exception of the papers of the electrical CPFL Energia and the units of the Paraná sanepar basic sanitation company.

HIGHLIGHTS

– ITAÚ UNIBANCO PN closed with an increase of 1.37 percent, accounting for one of the main supporters of the rise in Ibovespa, with the banking sector as one of the most sensitive to speculation about the presidential race. BRADESCO PN ended with 1.36 percent, SANTANDER BRASIL UNIT increased by 1.02 percent and BANCO DO BRASIL gained 0.57 percent.

– PETROBRAS PN increased by 2.45 percent, despite the drop in oil, with the radar being announced by the National Agency for Petroleum, Natural Gas and Biofuels (ANP) for the new reference prices for the commercialization of diesel in Brazil, in addition to sensitive to stay with the election scenario in the country.

– RUMO increased by 6.51 percent after the Malha Paulista concession contract was renewed in advance by the National Land Transport Agency (ANTT), an important step for the company to maintain the concession for the major transport transport corridor until 2058 and that analysts believe it can unlock value in the company's shares.

– GOL PN appreciated 3.03 percent, supported by the fall of 1.78 percent from the dollar against the real, to 4.0724 reais in sales.

– VALE decreased by 1.74 percent, the largest negative weight in the Ibovespa, given the significant weight in the composition of the index, which will increase in the new portfolio that will take effect from Monday, as previously known the day before.

– AMBEV lost 0.79 percent and had the crisis in Argentina on the radar, which has lowered the peso price. According to calculations by the BTG Pactual team, every 10 percent of devaluation, Ebitda drops by 1.2 percent.

– FIBRIA declined 2.45 percent after last last intraday historical quote last week to have renewed, also affected by the fall of the dollar against the real. The edition of this week's Valor Económico newspaper shows that B3 investigates atypical equity movements with the company. In the month the newspapers gathered until the eve of 9.7 percent. SUZANO yielded 2.55 percent.