On Tuesday, the Ibovespa experienced a slight decline, closing at 144,500, influenced by a blend of corporate developments. Ambipar experienced a significant drop, tumbling nearly 14% following the announcement of its filing for judicial recovery late on Monday. This move came after the discovery of irregularities in its swap operations and the sudden resignation of its former Chief Financial Officer, which shook market confidence. This uncertainty led creditors to demand accelerated debt payments, heightening the risk of cross-default.
Rede D'Or's share price edged down as the company reported that no official decision had been reached regarding the suspension of negotiations with Fleury, whose shares also slipped by 1%. Nevertheless, Rede D'Or confirmed that talks had not yielded fruitful results.
Meanwhile, Vale saw a modest decrease of 0.3%, with iron ore futures fluctuating as investors anticipated insights from China’s forthcoming high-level economic policy meeting.
Conversely, Petrobras enjoyed a 0.7% rise, bolstered by higher oil prices. In addition, Embraer saw substantial gains after signing a Memorandum of Understanding with South Korea's Defense Acquisition Program Administration (DAPA) to enhance defense collaboration. The company also announced a remarkable 40% year-over-year increase in its Q3 order backlog, reaching an unprecedented $31.3 billion.
