Brazil's Cielo Shares Rise 4% After Report on December Retail Sales – MarketWatch
By Jeffrey T. Lewis
SÃO PAULO–Cielo SA shares rose 4% on Monday to 2.10 reais, the equivalent of 38 cents, after the Brazilian card payment system operator reported an increase in retail sales in December from a year earlier.
Cielo’s shares are down 45% from a year ago after closing at a 52-week high of 4.38 reais on June 1, 2021, and have fallen 7% so far this year.
Cielo said Monday morning that its retail sales index rose an inflation-adjusted 3% in December from the same month of 2020, and that in nominal terms sales were up 14.6% in the same period.
It was the second consecutive month of rising sales, Cielo said. For the full year 2021, sales rose 0.8% from 2020, but were still 13.3% below sales in 2019, the company said.
Write to Jeffrey T. Lewis at jeffrey.lewis@wsj.com
Investors looking for a brief respite from two weeks of volatile trading on Wall Street may get one on Monday, when Martin Luther King Jr. Day is observed this year.
Dow Jones Newswires is a market-moving financial and business news source, used by wealth managers, institutional investors and fintech platforms around the world to identify trading and investing opportunities, strengthen advisor-client relationships and build investor experiences. Learn More.
