Brazil: Eletrobras lost 30% in market value since Lula’s election
Eletrobras has registered a 30% drop in market value since Luiz Inácio Lula da Silva's election in October 2022. On Friday (12(, the company was valued at R$80.5 billion (US$16.4 billion), while its common shares closed at R$35.3 (US$7.19). The information is from the Poder360 website. The Ibovespa, Brazili's main Stock Exchange index, fell 6.5% […]