Ibovespa Futures Gain as Poll Shows Silva Would Beat Rousseff

Aug 27, 2014 8:35 am ET

Aug. 27 (Bloomberg) -- Ibovespa futures rose after an election poll showed that Marina Silva would win in an election runoff against President Dilma Rousseff.

Air carrier Gol Linhas Aereas Inteligentes SA may move after Standard & Poor’s raised its credit outlook to stable from negative. Cosmetics maker Natura SA may be active as Banco Santander Brasil SA recommended selling the stock.

Ibovespa futures contracts due in October climbed 0.8 percent to 61,150 at 9:18 a.m. in Sao Paulo. Brazil’s benchmark equity index has gained 33 percent from this year’s low on March 14, making it the best performer during that span among major stock markets. State-run companies have jumped on speculation that Rousseff will lose her re-election bid and a new government will reduce intervention.

Silva would have 45 percent of voters’ support in a second- round vote against Rousseff, who would draw 36 percent, according to the Aug. 23-25 Ibope poll published yesterday. The survey of 2,506 people has a margin of error of plus or minus 2 percentage points. Silva is running second in the Oct. 5 first round with 29 percent of support versus Rousseff’s 34 percent. Senator Aecio Neves has 19 percent in the survey.

Trading volume of equities in Sao Paulo was 7.25 billion reais yesterday, according to the exchange. That compares with a daily average of 6.56 billion reais this year.