Alpargatas shares surged 3.5% on Tuesday, recovering from a 152 million real market value loss triggered by a conservative boycott of its Havaianas brand.The backlash intensified after Eduardo Bolsonaro and Nikolas Ferreira criticized a New Year's advertisement featuring Fernanda Torres for its perceived political messaging.While retailer
Calçados Guarani liquidated its inventory for nominal prices, strategist
Gustavo Cruz suggests the market disruption remains temporary due to strong year-to-date performance.
Published: Tuesday