Ibovespa hits 15th consecutive gain amid record highs.

Ibovespa registers longest winning streak since 1994

The Ibovespa index, the main benchmark of the Brazilian Stock Exchange, reached its 15th consecutive rise this Tuesday (11), consolidating the longest upward trend since 1994. The closing was at 157,748 points, with an increase of 1.60%, also marking the 12th consecutive closing record. In parallel, the dollar fell for the fifth consecutive session, reaching its lowest level since June of last year.

Market context and reactions

Despite the momentary optimism, analysts point out that the stock market rally is disconnected from Brazil's economic fundamentals, which still faces high interest rates and political uncertainty. Managers disagree: some see potential for further gains, while others, such as UBS bank, recommend focusing more on technology sectors in the US and Asia, at the expense of Brazilian commodities.

The movement is interpreted as a short-term rally, dependent on external flows, which could generate volatility if this scenario changes.

Other highlights of the Brazilian market

• Oi's bankruptcy: The courts have declared the bankruptcy of the telecommunications operator Oi, ending its judicial reorganization process, which impacts the telecommunications sector.
• Hospital sector: The Mater Dei hospital network recorded its highest EBITDA ever, with a significant improvement in cash generation.
• Breweries: Manufacturers are betting on the fourth quarter to recover the sales volume lost throughout the year.
• Corporate Venture Capitals (CVCs): They are gaining prominence among startup founders, indicating a greater interest in corporate investment in the innovation ecosystem.

Brazilian trade balance on the rise.

By the first week of November 2025, Brazilian trade flow reached US$540.8 billion, with a trade surplus of US$1.811 billion. Exports totaled US$7.8 billion and imports US$5.9 billion during the period, representing an increase of 7.11% compared to the previous year.

Sectors such as agriculture and manufacturing showed growth in exports, while the extractive industry suffered a decline. In terms of imports, there was growth in the extractive and manufacturing industries, with a decrease in agriculture.

Photo by Vadim Shevyrin on Unsplash