THE Ibovespathe main index of the Brazilian stock exchange, the B3had the eighth best performance in January compared to December 2021 compared to 78 countries, according to an exclusive Austin Rating survey carried out at the request of the CNN Brasil Business.
Considering the variation in the local currency, the Ibovespa rose 7% in the first month of the year, behind the main stock indices of Zimbabwe (up 11.6%), Nigeria (9.1%), Argentina (8.9% ), Saudi Arabia (8.8%), Peru (8.7%), Colombia (8%) and Turkey (7.8%).
After Brazil, the top ten performances were completed by the stock market indexes of Qatar (6.8%) and Sri Lanka (6.4%).
Still considering the performance in local currency, the five biggest drops were in the stock market indices of South Korea (-10.6%), the United States ( Nasdaqdown 9%), Denmark (-8.9%), New Zealand (-7.9%) and China (-7.6%).
THE Russiawhose market has been affected by the geopolitical tension surrounding Ukraine, ranked sixth, down 6.8%.
The performance of the Ibovespa, considering variations in the local currency, was above the average of both emerging countries (up 1.46%) and those that make up the brics – group formed by Brazil, China, Russia, India and South Africa -, with a drop of 1.27%.
The general average of the performance of the stock exchanges of the 78 countries was a drop of 0.24% considering the variation in the respective local currencies.
Considering the variation of the indices by the dollar, the Ibovespa was in 22nd place, up 1.9%. The biggest increase was also in Zimbabwe, with 11.6%, while the biggest decrease was in South Korea, with 9.3%.
Brazil’s good performance reflected a movement of foreign investors to countries seen as discounted and linked to rising assets, especially commoditiesaccording to the prospect of interest rate hikes in United States drove away investments in the country’s stocks.
In this scenario, the balance of foreign investments in January was positive by more than R$ 28 billion.
Nasdaq, whose exchange is linked to the technology sector, was the most affected, as this type of company is considered less safe by investors due to high levels of indebtedness.
the index dow joneson the New York Stock Exchange and encompassing other sectors, had a smaller drop, of 3.3%.
Source: CNN Brasil
I am Sophia william, author of World Stock Market. I have a degree in journalism from the University of Missouri and I have worked as a reporter for several news websites. I have a passion for writing and informing people about the latest news and events happening in the world. I strive to be accurate and unbiased in my reporting, and I hope to provide readers with valuable information that they can use to make informed decisions.
