2025.12.1913:47:55UTC+00Ibovesba Edges Up Ahead of Government Budget Vote

The Ibovespa index saw an uptick, climbing above 158,000 points on Friday. Focus remains on the congressional review of the 2026 Budget proposal, which is set for discussion after Thursday's delay. Among prominent movement in equities, Petrobras experienced a 0.4% increase, buoyed by rising oil prices. Similarly, Vale recorded a 0.4% gain as iron ore prices strengthened, driven by projections that Chinese steel manufacturers will increase their inventories ahead of the Lunar New Year in February. The utilities sector displayed mixed performance; specifically, Axia declined 0.4%, whereas Sabesp rose by 0.3% following the approval of R$1.798 billion for interest on equity payouts. The banking sector saw positive trends with major institutions like Itaú and Bradesco rising by 0.3% and 0.2%, respectively. WEG and Embraer also saw notable advancements, both exceeding 1% gains. Conversely, Rede D'Or experienced a significant decline of over 8%, and Ambev fell by more than 5% due to the shares moving ex-dividend the previous day.