| Brazilian stocks have worst Nov. in 10 years |
| Date: 2010/12/6 Click: 1799 |
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Brazil's Sao Paulo Stock Exchange's Ibovespa indicator closed at 67,705 points on Tuesday, down 0.3 percent from Monday, with a negotiated trade volume of 10.1 billion reais (5.89 billion U.S. dollars).
In November, the Ibovespa accumulated a fall of 4.19 percent, the sharpest fall since May and the worst for a month of November in a decade. In the first 11 months of 2010, the indicator has accumulated a fall of 1.28 percent.
The common stocks of Brazil's largest company, state-controlled oil and gas giant Petrobras, were down 0.47 percent on Tuesday, to 27.37 reais (15.96 U.S. dollars). The company's preferred stocks were down 0.45 percent, closing at 24.59 reais (14.34 U.S. dollars).
Mining giant Vale's common stocks were down 1.2 percent, to 53.56 reais (31.24 U.S. dollars), while preferred stocks were down 1.03 percent, to 48 reais (28 U.S. dollars).
The Brazilian Real-U.S. dollar exchange rate closed at 1.714 reais a dollar on Tuesday, with the dollar devaluating 0.58 percent.
In November, the value of the U.S. dollar was up 0.65 percent. In 2010, however, the dollar value fell 1.66 percent. |
