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Brazil Stocks Rise 1.57% Before Presidential Runoff

Brazil's Ibovespa index climbed to its highest level since October 9 as the dollar fell for a third straight day.

Sources: The Rio Times, Brasil 247, InfoMoney3 sources ↓|· 1 min read
Brazil Stocks Rise 1.57% Before Presidential Runoff
Photo: The Rio Times

KEY POINTS

  • Ibovespa rose 1.57% to 208,295.98 points on October 20, 2026
  • Dollar fell 0.58% to 5.019 reais for a third straight day
  • Trading volume reached 42.5 billion reais
  • Foreign capital inflows totaled 20.99 billion reais in October
  • BTG Pactual Unit led bank shares with a 4.36% gain

Brazil's main stock index, the Ibovespa, rose 1.57% to 208,295.98 points on Tuesday, October 20, 2026, reaching an intraday high of 208,941.57. The gain marked the index's highest close since October 9.

The dollar fell 0.58% to 5.019 reais, its third consecutive daily decline against the Brazilian currency. Foreign capital continued to support Brazilian shares ahead of the presidential runoff on October 25.

“"Trade eleitoral"”

— Willian Queiroz, partner and advisor at Blue3 Investimentos

Trading volume totaled 42.5 billion reais. Since the start of October, foreign investors have injected a net 20.99 billion reais into B3 stocks.

Bank shares led the advance, with BTG Pactual Unit up 4.36%, Bradesco PN up 2.89%, and Itaú Unibanco PN up 1.88%. A Blue3 Investimentos advisor described the rally as an "electoral trade."

READ THE FULL STORYat The Rio Times

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TOPICS

#Election#Economy#Stock Market#Currency#Interest Rates#Investment

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