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Saturday, November 29, 2025

Ibovespa Reaches Record High After November Rally

Photo for the article Ibovespa Reaches Record High After November Rally

On Friday, the Ibovespa index experienced a 0.5% increase, closing at an all-time high of 159,072, and marking a monthly increase of 6.5%. This was largely due to significant contributions from Vale and Itaú, which boosted the index with substantial dividend payouts and maintained strong investor confidence in anticipation of a potential easing of US monetary policy. Itaú reported a 2.7% uptick following the approval of R$23.4 billion in dividends and interest on equity. Vale saw a 1.6% rise after announcing payments of R$3.58 per share. Other notable performers included Ambev, Banco Do Brasil, Rede D'Or, Bradesco, and B3, with gains of 1.3%, 1.4%, 1.9%, 1.1%, and 2% respectively. Conversely, Petrobras fell by 2.1% after unveiling its investment plan for 2026 to 2030, which is 1.8% leaner compared to the previous year’s proposal, amid expectations of declining oil prices. The market's optimism was further buoyed by Brazil's unemployment rate dropping to a historic low of 5.4%, slightly surpassing the anticipated 5.5%.


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