IBOVESPA Breaks Higher: Brazil’s Index Jumps Over 1,200 Points in Morning Rally

Brazil’s benchmark stock index, the IBOVESPA (IBOV), demonstrated significant upward momentum in early trading on April 8th. As recorded at 10:39:30 AM UTC-3, the index reached 126,873.22, marking a robust gain of +1,285.13 points or +1.02% for the day at that time.

This positive start propelled the index well above its previous closing value of 125,588.09. The intraday chart highlights a sharp rally shortly after the market opened, pushing the IBOVESPA significantly higher towards the 127,500 level before experiencing some volatility and settling near the reported level, indicating strong initial buying interest during the morning session.