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Market Update: Bovespa Closes Above 124,000
Brazilian shares ended higher on Monday, with the benchmark Bovespa finishing above the 124,000 level for the first time since January, as investors focused on prospects of a robust economic bounce fueled by vaccine distribution and ultra-easy monetary policy. Banco Inter SA surged almost 25%, the most on the index, after payments company StoneCo Ltd said it would buy a stake of up to 4.99% in the Brazilian online bank. Also, the bank announced plans for a Nasdaq listing. [/s2If]
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