Portuguese 
English 
Spanish 
3 min of reading 
0 comments 
Technical Indicators Show Strength of the Brazilian Market and Banks Point Out Preferred Companies in Strategic Sectors
With the Ibovespa Renewing Historical Highs Throughout September 2025, experts highlight that the Brazilian stock market continues on a positive trajectory.
The study from Itaú BBA, released on September 27, 2025, shows that 73% of the index’s stocks are above the 200-day moving average.
This scenario confirms the optimistic bias regarding the assets listed on the B3, reinforcing investors’ confidence in a consistent appreciation cycle.
-
50 viaducts, 4 tunnels, 28 bridges, and 40 kilometers of bike paths: BR-262 in Espírito Santo will receive 8.6 billion reais for the largest engineering project in the state’s history, inspired by the Immigrant Highway in São Paulo.
-
Brazil produces too much clean energy and doesn’t know what to do with it: over 20% of solar and wind capacity was wasted in 2025 while investors flee and 509 renewable generation projects were abandoned in the last year.
-
Piauí will produce a new fuel that replaces diesel without needing to change anything in the truck’s engine and reduces pollutant gas emissions by half: truck drivers from all over the Northeast are already celebrating the news that will arrive later this decade.
-
A new Brazilian shopping center worth R$ 400 million will be built in an area equivalent to more than 4 football fields, featuring 90 stores, 5 cinemas, a supermarket, a college, and parking for 1,700 cars, potentially generating 3,000 jobs.
Itaú BBA Lists Stocks with the Best Momentum
According to Itaú BBA, the technical performance indicates opportunities in companies with strong price momentum.
Thus, analysts highlight Eletrobras (ELET6), Cyrela (CYRE3), Rede D’Or (RDOR3), Direcional (DIRR3), and BTG Pactual (BPAC11) as standout companies.
Furthermore, domestic sectors such as construction, shopping malls, and healthcare continue to strengthen the outlook for internal growth and attract investors attentive to the Brazilian market.
- Eletrobras leads among state-owned companies with an appreciation bias.
- Cyrela and Direcional stand out in the construction sector.
- Rede D’Or and BTG Pactual are among the most resilient stocks.
Bradesco BBI Bets on Catalysts for the Fourth Quarter
In a report released on September 28, 2025, Bradesco BBI emphasized that the catalysts for the fourth quarter should support new gains for the Stock Exchange.
Analysts believe that the market is already starting to price in a drop in the Selic rate in 2026, estimated at 300 basis points.
At the same time, the October elections bring positive optionality for NTNBs and state-owned companies, strengthening the valuation prospects in the coming months.
Among the bank’s recommendations are Vale (VALE3), JBS (JBSS3), Klabin (KLBN11), Motiva (MOTV3), Marcopolo (POMO4), and Vibra (VBBR3).
Additionally, Cogna (COGN3) and RD Saúde (RADL3) reinforce the diversity of sectors indicated by Bradesco BBI for the period.
Morgan Stanley Highlights Multiple Attractions of Latin America
Morgan Stanley published an analysis on the region on September 29, 2025, indicating that stocks in Latin America are multiple attractive.
According to the study, the stocks trade at 6.5 times EBITDA and 12.4 times projected earnings for 2025.
In Brazil, companies such as MRV (MRVE3) and WEG (WEGE3) show the highest enterprise value multiples relative to EBITDA.
On the other hand, Infracommerce (IFCM3) and GPA (PCAR3) feature among the companies with the lowest multiples, reflecting a discounted price compared to competitors.
- MRV stands out in the construction and housing sector.
- WEG continues to be a reference in innovation and electrical industry.
- Infracommerce and GPA present discounted prices in the market.
Sector Perspectives and Opportunities in Ibovespa
According to a survey by B3 regarding the last week of September 2025, sectors such as mining, oil and gas, along with public services had positive performance.
In contrast, healthcare and paper and pulp were below the index average, signaling a less attractive performance in the recent period.
Therefore, analysts indicate that the sum of technical factors, such as the advance above the 200-day moving average, and fundamentals, such as interest rates and elections, consolidates the optimistic scenario.
In this context, Itaú BBA, Bradesco BBI, and Morgan Stanley emphasize that stocks of large national companies remain among the favorites for investors attentive to opportunities in 2025.
Seja o primeiro a reagir!