May 31, 2023

Why is RRRP3 up 8.4% this Thursday (27th)? PETR4 fell 2.2%; See key features – Money Times

Ibovespa is running higher on Thursday (27), notable among Petrobras (PETR4) and 3R Petroleum (RRRP3) (Photo: Patricia Monteiro/Bloomberg)

a ibovespa It was a positive performance in this Thursday’s trading session (27), in line with the markets in New York, with investors interested in the agenda and events in Brasilia.

At about 13:00, the actions of 3R Petroleum (RRRP3) led the gains in the trading session, recording 8.4%.

The movement takes place after the registration of the company a Net profit 16.1 million Brazilian reals in the first quarter of 2023 (1Q23), reversing a loss of R$ 335 million for the same period in the previous year.

a Yes (VOUCH3) was also a standout stock in the trading session, up 0.7%, after announcing its Q1 ’23 numbers.

The mining company recorded a decrease of 58% in net profit for the period compared to the amount recorded in the same period last year.

On the negative side of trading, the Petrobras (PETR4) lost 2.2% on election day for the new council.

Still on the radar of the oil sector, Russia’s Deputy Prime Minister, Alexander Novak, said that the OPEC+ group does not see the need for further cuts in oil production.

BRF is in decline

a BRF (BRFS3) It also fell 3.7% on Ibovespa which was a negative sign.

eve Santander Fostered a more cautious view of the Brazilian poultry industry, he reiterated his recommendation Company neutral.

Outside Ibovespa, the Steel wool (Bob 4) advanced 5.8% after the company stated that it was ignoring the possibility of filing a request for judicial recovery.

*With information from Reuters