Listed companies lost $ 220 bn in market value

The companies listed on the main index of the Brazilian stock exchange, B3, lost R$ 1.187 trillion ($ 220 bn) in market value in March, the month in which Bovespa recorded its biggest drop since August 1998. In the accumulated value of 2020, the 281 companies publicly traded companies lost R$ 1.561 trillion ($ 312 bn), according to Economatica data.

Source: G1

Petrobras starts selling 10% of gas pipeline

Petrobras initiated the process for the sale of its remaining 10% stake in the Nova Transportadora do Sudeste (NTS) gas pipeline company, the oil company said. In addition to Petrobras’ 10% stake, NTS has Brookfield Brasil, with 82.35%, and Itaúsa, with 7.65%, as other partners. In 2016, the state-owned company sold a 90% stake in NTS, for more than $ 5 billion

Source: G1

Soy exports from Brazil may reach historical record

The export of soy from Brazil in March may reach a historical record for all months, if the volumes of shipments for the period between the 29th and 31st are confirmed. In the accumulated for March, soybean exports from Brazil totalled 11.5 million tons. March shipments from Brazil are expected to help alleviate a shortage of raw materials in China, the largest global importer of soybeans, after Brazilian exports in February were relatively weak.

Source: Reuters

Ibovespa closes March with a 30% drop

The Ibovespa finished the month, consolidating a 29.91% drop in March, the worst month since August 1998, when it fell 39.55%. In the quarter, the performance of B3’s main trigger index was the worst in the entire history of the Stock Exchange. This period was marked by six circuit breakers tripped since they were caused by voltages due to the coronavirus pandemic.

Source: Infomoney