The Ibovespa fell for the first time in five sessions as raw-material exporters including iron-ore producer Vale SA dropped amid concern that construction growth is slowing in China, Brazil’s top trading partner.
The Ibovespa rose for the first time in three sessions as Cia. Energetica de Sao Paulo led power utilities higher amid speculation that recent losses pushing valuations to the lowest since June were excessive.
The Ibovespa snapped a two-day drop as real estate companies including PDG Realty SA Empreendimentos & Participacoes rose after an increase in industrial production eased concern that Brazil’s recovery is faltering.
Most Brazilian stocks dropped after a report showing U.S. companies added more workers than forecast rekindled speculation that the Federal Reserve will soon reduce stimulus that has boosted emerging-market assets.
The Ibovespa rose for the first time in five sessions, with developer BR Properties SA leading gains, amid speculation the Brazilian benchmark’s longest losing streak in six weeks may have been excessive.
The Ibovespa approached a bull market as better-than-forecast economic data in China boosted Brazilian commodity exporters including iron-ore producer Vale SA, outweighing a plunge by OGX Petroleo e Gas Participacoes SA.