Ibovespa closes 0.43% lower at 171,324 points
Published on 11/12/2026 at 22:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSLate-session market picture
- The Ibovespa ended November 12 down 0.43% at 171,324.31 points.
- Banco do Brasil shares fell sharply after a weak quarterly result, while Petrobras gained as oil prices rose.
- Brazil's October inflation slowed monthly but remained above the inflation-target ceiling on a 12-month basis.
Brazil's Ibovespa ended Thursday, November 12, at 171,324.31 points, down 0.43% from the previous session's close of 172,060.43. The benchmark traded between 169,942.37 and 172,060.46 points during the session, according to InfoMoney. The close was consistent with the 0.43% decline reported by Valor, which cited a subdued trading range and negative local and global sentiment.
Banco do Brasil weighs on benchmark
The session's main domestic pressure came from Banco do Brasil. Its shares dropped 8.35% to 15.48 reais after the bank reported a 66.5% year-over-year decline in third-quarter profit, according to G1. The result added to concerns about rising delinquencies, particularly in agricultural lending, and made the stock one of the session's largest drags on the index.
The decline was not broad across all major components. Petrobras preferred shares rose 2.64%, supported by firmer oil prices, helping the Ibovespa recover from its intraday low. The index's overall performance therefore reflected a balance between strength in the oil group and weakness in financial shares rather than a uniform retreat across the benchmark.
Inflation and fiscal policy remain central
Brazil's October IPCA inflation rose 0.14% month on month, while the 12-month rate reached 4.63%, above the 4.5% upper limit of the target range, according to G1. Although the monthly reading was softer than in September, the annual figure reinforced expectations that the central bank may remain cautious about further interest-rate easing.
Investors also assessed the government's proposed fiscal adjustment package and the prospect of a Senate vote. The market reaction was cautious because the measures were viewed as insufficient by some participants to restore confidence in the public finances. Global sentiment and expectations of higher US interest rates added to pressure on Brazilian assets, while the real weakened sharply against the US dollar.
The Ibovespa is B3's main equity-market performance indicator and tracks a theoretical portfolio of liquid Brazilian stocks and units, as described by B3. Further reports and background on the index are available on the Bovespa topic page.
