Brazilian stocks surged after Flávio Bolsonaro led President Lula da Silva in the first round, triggering a broad rally across Brazil-linked names. The runoff is set for October 25.
The biggest movers:
🚀 $XP Inc.(XP)$ +33.42%
🔥 $Picpay Holdings Netherlands B.V.(PICS)$ +26.51%
🔥 $StoneCo(STNE)$ +24.35%
🔥 $Inter & Co Inc(INTR)$ +23.40%
🔥 $Pagseguro Digital Ltd.(PAGS)$ +22.62%
📈 $Bank Bradesco SA(BBD)$ +19.71%
📈 $AGI(AGBK)$ +19.23%
📈 $Sabesp(SBS)$ +16.74%
📈 $Itau Unibanco Holding SA(ITUB)$ +15.60%
📈 $Nu Holdings Ltd.(NU)$ +13.63%
📈 $Petroleo Brasileiro SA Petrobras(PBR)$ +12.42%
Other Brazil-linked names also rallied:
$ $Energy Company of Minas Gerais(CIG)$ +10.93% · $Arcos Dorados(ARCO)$ +10.55% · $Telefonica Brasil SA(VIV)$ +10.57% · $Vinci Partners Investments Ltd.(VINP)$ +10.37% · $CIA PARANAENSE DE ENERGIA COPEL SPON ADS EACH REP 4 COM SHS(ELPC)$ +9.72% · $Ambev SA(ABEV)$ +9.70% · $TIM(TIMB)$ +8.86% · $Afya Limited(AFYA)$ +7.90% · $MercadoLibre(MELI)$ +7.51% · $Companhia Siderurgica Nacional(SID)$ +6.49% · $Banco Santander (Brasil) SA(BSBR)$ +5.65% · $Ultrapar Participacoes SA(UGP)$ +4.03% · $Gerdau SA(GGB)$ +2.79% · $Vale SA(VALE)$ +1.74% · $Embraer S.A.(EMBJ)$ +0.20%
$XP led the U.S.-listed Brazil rally, while financials and domestic-facing names saw some of the strongest moves.
The broader Ibovespa jumped 7.7% to a record 206,911.89, as investors priced in the possibility of a more market-friendly and fiscally conservative government.
Markets are always moving - and sometimes, the best move is knowing what works for you.
With Treasury yields, oil prices and rate expectations keeping markets on edge this week, investors are once again thinking carefully about where to position next. There’s no one-size-fits-all choice in investing — and the same goes for Tiger Merch. This month’s hot picks are in, featuring the Tiger Toiletry Bag, Universal Travel Adapter, Tiger Umbrella and more favourites chosen by fellow Tigers.
Explore the Monthly Hot Picks in Tiger Coin Mall, now 12% OFF for a limited time.
Comments