Bovespa gains 389 points at midday on election caution
Published on 10/23/2026 at 18:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSElection caution and inflation
- Bovespa stood at 204,509 points at 12:35 p.m. BRT on October 23, 2026, up 389 points or 0.2 percent.
- October's IPCA-15 inflation reading was 0.32 percent, below forecasts.
- Bradesco shares fell 2.0 percent after its earnings update.
- Baker Hughes releases its US oil-rig count at 2:00 p.m. BRT on October 23, 2026.
Bovespa gained 389 points, or 0.2 percent, to 204,509 points at 12:35 p.m. BRT on October 23, 2026. The index recovered after October's softer inflation reading, while election uncertainty limited gains.
Bradesco fell 2.0 percent after its third-quarter earnings update, while Petrobras and Vale supported the benchmark. InfoMoney reported the stock moves and the index level at 12:35 p.m. BRT.
Why is Bovespa holding above 204,000 points?
The October IPCA-15 rose 0.32 percent, below market forecasts. The softer reading supported Brazilian assets, but the presidential runoff on Sunday kept investors cautious. BP Money linked the inflation data with the index recovery.
Bradesco remained the clearest drag after its results. Its preferred shares fell 1.98 percent in morning trading, while Petrobras preferred shares rose 1.88 percent and C&A Modas gained 1.83 percent. TradeMap listed those moves at 10:36 a.m. BRT.
Bovespa range shows cautious trading
The index opened at 204,120 points and moved between 203,428 and 204,899 points. It was above Thursday's close of 204,120 points after two consecutive declines. InfoMoney reported the opening, range and midday level.
Petrobras and Vale limited the pressure from banks. Earlier coverage showed Petrobras preferred shares up 2.46 percent and Vale shares up 0.55 percent, while Bradesco preferred shares lost 1.93 percent. Estadao Conteudo attributed the support to higher oil and iron-ore prices.
What comes next for Bovespa on Friday?
At 2:00 p.m. BRT on October 23, 2026, Baker Hughes is scheduled to release its weekly US oil-rig count. The presidential runoff follows on Sunday, October 25, after the final trading session before the vote. Valor Economico listed the Baker Hughes release.
Bovespa price data for October 23, 2026
Bovespa stood at 204,509 points at 12:35 p.m. BRT on October 23, 2026, up 389 points or 0.2 percent from 204,120 points. It opened at 204,120 points and traded between 203,428 and 204,899 points. InfoMoney provided the intraday figures.
Bovespa by the numbers on October 23, 2026
- Index: Bovespa
- Home exchange: B3, Brazil
- Level at 12:35 p.m. BRT on October 23, 2026: 204,509 points
- Change versus previous close of October 22, 2026: up 389 points (up 0.2 percent)
- Previous close: 204,120 points
- Open: 204,120 points
- Day high / day low: 204,899 points / 203,428 points
- Top gainer: Petrobras up 2.5 percent
- Top loser: Bradesco down 2.0 percent
- Next scheduled event: October 23, 2026, 2:00 p.m. BRT: Baker Hughes US oil-rig count
