Bovespa loses 32,143 points in afternoon trading after Lula win

Bovespa lost 32,143 points, or 15.7 percent, to 172,940 points at 1:30 p.m. BRT on October 26, 2026. The selloff followed Luiz Inacio Lula da Silva's reelection and a circuit breaker at B3.

Vamos led the declines, falling 56.8 percent at 1:20 p.m. BRT. Exporters moved against the broader market as the real weakened sharply.

Why is Bovespa down after Lula's reelection?

Reuters said the result reversed market positioning that had favored Flavio Bolsonaro. The real weakened about 12 percent against the US dollar in early trading, while interest-rate futures rose sharply. Reuters also reported that B3 halted trading for 30 minutes after Bovespa fell 10 percent.

B3 later said a second halt would require a 20 percent decline from the previous close. The index reached a low of 169,516 points after trading resumed, according to UOL.

Winners and losers in Bovespa

Winners and losers at 1:20 p.m. BRT, according to SBT News:

• Suzano up 9.0 percent: exporters benefited from the weaker real.
• Embraer up 7.5 percent: exporter shares moved higher.
• WEG up 5.5 percent: export exposure supported the stock.
• Vamos down 56.8 percent: rate-sensitive domestic assets led the selloff.
• Magazine Luiza down 55.9 percent: consumer shares weakened.
• C&A down 48.8 percent: higher-rate concerns pressured retail stocks.

At 1:20 p.m. BRT, consumer and other interest-rate-sensitive companies had the largest losses. The dollar was up 8.97 percent at BRL 5.44, while longer-term futures rates had exceeded 16 percent.

Bovespa faces more volatility after the circuit breaker

The session opened near 205,070 points and reached a high of 205,089 points before the decline accelerated. Bovespa later touched 169,516 points, according to JC.

What comes next for Bovespa on Monday

• October 26, 2026, 2:30 p.m. BRT: Brazil's foreign-exchange flow is scheduled for release, with a prior value of USD 1.933 billion, according to Boletim Nacional.

Bovespa price data for October 26, 2026

At 1:30 p.m. BRT on October 26, 2026, Bovespa stood at 172,940 points, down 32,143 points or 15.7 percent from the previous close of 205,083 points, according to SBT News. The index opened at 205,070 points, reached a high of 205,089 points and fell to a low of 169,516 points.

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