Brazil: IBOVESPA stock market monthly index 2020-2024
The main stock market in Brazil is located in the city of São Paulo, which is also the Brazilian region with the majority of coronavirus infections. Right after the COVID-19 pandemic reached Brazil with the first confirmed case on February 25, 2020, the IBOVESPA stock market index sank to 102,984 Brazilian reals on February 27. On March 23, 2020, this index reached the lowest value since the beginning of the year, at 63,570 Brazilian reals. In August 2020, the stock market was starting to stabilize, at an average value of 95,000 Brazilian reals. By the beginning of 2021, the index achieved values comparable to those observed before the outbreak.
