The Ibovespa advanced, snapping its longest losing streak in two months, as Vale SA (VALE5) followed commodities higher amid reduced concern that growth will slow in China, Brazil’s top trading partner.
Airline Gol Linhas Aereas Inteligentes SA (GOLL4) posted the biggest advance on the index after saying a measure of profitability known as Prask, or average passenger revenue for each seat flown a kilometer, surged in the fourth quarter. Auto-parts maker Randon SA Implementos e Participacoes gained the most this month after JPMorgan Chase & Co. raised it to the equivalent of buy.
The Ibovespa climbed 0.3 percent to 48,665.51 at 10:27 a.m. in Sao Paulo, with 51 of its 72 members rising. The real dropped 0.2 percent to 2.3663 per dollar. The Standard & Poor’s GSCI index of 24 raw materials added 0.3 percent. In China, stocks rose and money-market rates slipped after the central bank added more than $42 billion to the financial system.
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