Banco Bradesco is trading 8.67% up at BRL 18.29, as Brazil’s election result fueled expectations of a rally in Brazilian markets.
- Senator Flávio Bolsonaro outperformed polls and led incumbent Luiz Inácio Lula da Silva in the first round; Reuters reported analysts expected a positive market reaction.
- U.S.-listed Bradesco shares were also reported up more than 9%.
- A recently reported R$3.8 billion shareholder-interest payment is not established as the cause; no volume data was provided.