Stock market hits all-time-high

published: Jan 24, 2019 09:17 PM, last modified: Jan 25, 2019 02:31 PM

Optimism with government agenda and economic reforms drove positive outcome

With investor confidence on the rise, Ibovespa climbed 1.15% in relation to the previous day - Photo: Marcos Santos/USP Imagens

Buoyed by positive expectations from investors regarding the government's economic agenda, the São Paulo Stock Exchange (B3) hit a historical high on Thursday (January 24). The Ibovespa benchmark index reached 97,677 points, up 1.15% from the previous day. The previous record was set on January 23, when the score reached 96,558.

The positive performance was achieved despite a complicated external scenario, with doubts about the United States economy and the US government shutdown.

Expectations

Ibovespa is an important indicator, acting as a barometer of investor confidence. If the stock market goes up, it means that there are expectations that the productive sector will generate more wealth and that the country will grow.