Brazilian president celebrates good results of Sao Paulo Stock Exchange

Source: Xinhua| 2019-01-10 12:59:07|Editor: mym
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RIO DE JANEIRO, Jan. 9 (Xinhua) -- Brazilian President Jair Bolsonaro celebrated the record-high results achieved by the Sao Paulo Stock Exchange's Bovespa index on Wednesday.

The index, also known as Ibovespa, increased 1.72 percent and closed Wednesday's session at 93,613 points. The figures were the highest ever registered in the index, which rose 6 percent in the first week of 2019.

Bolsonaro commented on the figures and expressed optimism on his Twitter, attributing the positive results of the Ibovespa to his administration.

"The stock exchange has reached a new record-high result. The global scenario added to Brazil's optimism with my government," Bolsonaro tweeted. "With fiscal health and economic freedom, we will restore confidence in our country."

In addition to the positive stock results, the Brazilian currency, the real, also saw a rise in its value.

The exchange rate between the real and the U.S. dollar closed at 3.68 reals per dollar on Wednesday. It was the lowest exchange rate registered in the country since late October.

The real has risen 4.9 percent against the dollar since the beginning of 2019.