Ibovespa Closes Flat in Holiday-Thinned Session as Vale Falls and Petrobras Rises

Overview

• The benchmark ended up 0.03% at 164,849 points after swinging between 164,265 and 165,155.
• Turnover reached about R$8.4 billion, far below the roughly R$18.2 billion daily average this year with US markets closed for Martin Luther King Jr. Day.
• Vale lagged as iron ore futures in Dalian fell, while Petrobras advanced alongside firmer oil prices.
• Analysts noted the index failed to hold above the 165,000 region, signaling a selective market with potential for near-term volatility.
• Foreign inflows were strong last week at R$3.3 billion, described by desks as tactical 'fast money' rather than Brazil-specific fundamental buying.