The Ibovespa index experienced a 0.6% increase, climbing above the 142,500 mark on Wednesday, buoyed by gains in the utilities and industrial sectors. Eletrobras saw a 1.9% uptick after reaching an agreement to divest its minority interest in Eletronuclear to J&F for R$535 million, thereby diminishing its exposure to the nuclear industry. WEG saw a modest rise of 0.5% following the announcement of a new contract to deliver electrical solutions for the water industry in the Middle East, further underscoring its global expansion efforts. Vale also experienced a 0.5% increase, with the mining company announcing a forthcoming interest payment on its debentures. Additionally, Copasa's stock climbed by 1.6% after Itaú BBA raised its rating to “outperform” and adjusted its 2026 price target to R$43.20, highlighting the potential privatization opportunities in Minas Gerais. Telefônica Brasil recorded a slight gain of 0.2% subsequent to the approval of R$380 million in interest-on-equity payouts. Conversely, prominent banks saw minor declines, with Itaú down by 0.1% and Caixa Econômica falling by 1.2%, while Petrobras saw a decrease in its share price influenced by a downturn in oil prices.
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