FX.co ★ Ibovespa Extends Record High as Commodity Stocks Rally

The Ibovespa experienced an increase of over 0.5% on Friday, surpassing 176,500 and building on the previous day's record high. This upward trend was largely driven by major players such as Petrobras, which rose over 1% due to a nearly 2% surge in oil prices. Similarly, Vale saw a gain of more than 1%, supported by stronger iron ore prices. The banking sector also performed well, highlighted by Itaú's 0.7% increase and Bradesco's 1% rise. Conversely, the utilities sector lagged, with Axia dropping 0.8% following its report of over R$1 billion in water royalties paid in 2025.