Brazil stocks ease off record highs

16 Jan, 2019

Brazil's benchmark stock index eased off record-high levels in see-saw trade on Tuesday as banking shares slipped but the retail sector notched robust gains, while most Latin American currencies dipped against a strong dollar.
Sao Paulo's benchmark index Bovespa, which has hit more than six record highs since the beginning of this year, fell 0.1 percent as banking stocks weighed with Itau Unibanco Holding and Banco Bradesco leading declines.
The index see-sawed with robust gains from retail stocks.

Read Comments