Petrobras shares rise and exceed 2010 mega capitalisation value

Petrobras shares rise and exceed 2010 mega capitalisation value

Chamber Articles Category: Trade News Post Date: 05/17/18 Source: BrazilGovNews By: BrazilGovNews
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After measures by the Brazilian government, which reorganised Petrobras and made it profitable again, the state-owned company has seen its stock increase in value. On Wednesday (16), they surpassed 2010 capitalisation prices, when their preferred shares had reached R$ 26.30 and their common stock, R$ 29.65. With the performance over the last few days, the company's stock has appreciated 20% this month.

Until mid-afternoon this Wednesday, their preferred shares were being sold at R$ 27.43, experiencing a 2.39% hike on the day, and a 19.42% increase in the month; while their common shares were sold at R$ 31.54, appreciating 2.04% on the day and 28.06% in the month. Read Full Article