Brazil’s Ibovespa rebounded sharply after a less than expected employment report in the US and reopening hopes boosted sentiment. On Friday, President Bolsonaro authorized the inclusion of two more activities to the nationwide essential business list: construction and industrial activities, while Sao Paulo announced the extension of its quarantine until 31 May. On the domestic side, Brazil recorded its worst month ever of auto production, booking a 99.4 percent decline in output. During the first quarter, production declined 39.4 percent. The Ibovepsa gained 2145 points or 2.8% to 80,263.
. Historically, the Brazil Stock Market (BOVESPA) reached an all time high of 119593.10 in January of 2020. The IBOVESPA is a major stock market index which tracks the performance of around 50 most liquid stocks traded on the Sao Paulo Stock Exchange in Brazil. It is a gross total return weighted index. The index has a base value of BRL 100 as of January 2, 1968. Since 1968, The Bovespa Index has been adjusted 11 times by a factor of 100 in 1983 and by factor of 10 in 1985, 1988, 1989, 1990, 1991, 1992, 1993, 1994, and 1997.