Key Facts

The Ibovespa closed nearly flat, dipping 0.06% to 173,714, as a sharp rotation out of banks and into energy masked the move.

Petrobras anchored the index, its preferred shares surging 2.53% on higher crude oil prices and heavy turnover.

Financials led a broad retreat, with Itau Unibanco off 1.39% and Bradesco down 0.7% amid monthly options-expiry selling.

The real weakened 0.18% to 5.11 per dollar, still unable to break below the sticky 5.10 handle.