Bovespa heads into Monday after Lula win and 205,083-point close

Bovespa closed at 205,083 points on October 23, up 962 points or 0.5 percent from the previous close. The benchmark enters Monday after Luiz Inacio Lula da Silva won 51.8 percent of valid votes, an outcome that reversed market expectations of a government change, Reuters reported.

Overseas signals pointed to a sharp repricing before the B3 open. A Tokyo-listed fund tracking Brazilian equities fell 15 percent, while November futures for the real dropped 10 percent, according to Reuters.

Bovespa movers before the election result

Friday's session was supported by financial, energy and materials shares. The index rose from a 203,428-point low to a 205,757-point high, with 64 of 85 tracked stocks advancing, Radar Ibov reported.

Friday's biggest gainers and losers, according to TradeMap:

• CSN up 12.4 percent: the cement business sale was in focus.
• Usiminas up 4.7 percent.
• Vibra down 3.2 percent.
• WEG down 2.9 percent: third-quarter results pressured the shares.

What comes next for Bovespa

• October 26, 2026, 8:00 a.m. BRT: FGV consumer confidence data, ADVFN.
• October 26, 2026, 8:25 a.m. BRT: Central Bank Focus survey with projections for inflation, interest rates, growth and the exchange rate, Money Times.
• October 26, 2026, 8:30 a.m. BRT: September foreign direct investment and current-account data, ADVFN.

Bovespa price data for October 23, 2026

Bovespa closed at 205,083 points on October 23, 2026, up 962 points or 0.5 percent versus the October 22 close, according to InfoMoney. The session high was 205,757 points and the low was 203,428 points.

More market reports and analysis on the Bovespa