By Brazil Stock Guide – The Ibovespa (IBOV) retreated slightly on Monday, marking the first trading session of September with subdued activity. According to Reuters, the index dropped 0.23% to 141,102.99 points, as US markets remained shut for a holiday, limiting foreign investor participation.
During the day, the benchmark swung between a high of 141,949.94 and a low of 140,878.3. Financial turnover reached just 10.7 billion reais ($2.04 billion) before final adjustments, well below the year’s average of about 24 billion reais.
The performance contrasted with August, when the Ibovespa reached fresh all-time highs. Analysts noted that the absence of Wall Street, the world’s largest financial hub, left domestic trading directionless, with investors making only minor adjustments while awaiting fuller liquidity in the coming sessions.
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