Virus Volatility Drives Brazil Exchange Volumes to All-Time High
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The market chaos stemming from the coronavirus pandemic has given a boost to Brazil’s sole stock exchange operator.
B3 SA - Brasil Bolsa Balcao saw the average daily value of equities traded reach a record 28.9 billion reais ($5 billion) in the first quarter, as the pandemic sent market volatility soaring. That led net revenue to expand 38% from a year earlier, while recurring net income jumped 57%.