RIO DE JANEIRO, Mar. 29 (Xinhua) -- The Sao Paulo Stock Exchange's (Bovespa) indicator Ibovespa closed at 85,365 points on Thursday, accumulating a rise of 11.7 percent in the first quarter of 2018.
The Ibovespa indicator was up 1.78 percent on Thursday, the last business day in March. It was up 1.17 percent in the week and stable in March.
The results are significantly better than in the first quarter of 2017, when the Ibovespa accumulated a rise of 7.9 percent.
In 2017, the indicator accumulated a rise of 26.8 percent, making the stock market the most profitable investment in Brazil last year.
The value of the U.S. dollar fell 0.93 percent against the Brazilian real on Thursday, with the exchange rate closing at 3.30 reals per dollar.
In the week, the dollar value fell 0.58 percent, and in March, the U.S. currency was up 1.77 percent against the real.
In the first quarter of 2018, the U.S. dollar accumulated a devaluation of 0.43 percent against the real.
