Beijing. Brazil's state-run oil and gas giant Petrobras has lost 6.84 percent of its market value when Ibovespa, the index of the Sao Paulo Stock Exchange, experienced its severest fall in four months.
Petrobras' market value shrank by 11.9 billion U.S. dollars, the biggest loss of all companies in Latin America and the United States, to 162.7 billion U.S. dollars on Thursday, said Economatica, a large consulting company.
Petrobras' preferential stocks fell by 5.11 percent during the day, closing at 32.30 reais (17.18 U.S. dollars).
Petrobras was not the only company that suffered loss. Brazil's mining giant Vale and U.S. oil company Exxon Mobil ranked second and third in terms of the losses they suffered.
Reported by Cristina Gallardo, write to cristina.gallardo@ordons.com
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