Around the World's Markets: Sao Paulo

Saturday 13 February 1999 00:02 GMT

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BRAZILIAN SHARES edged lower yesterday afternoon, with traders keeping a nervous eye on developments on Wall Street. The benchmark Bovespa index was trading down 43.03 points or 0.48 per cent at 8,947.10. Elsewhere, the Rio de Janeiro IBV index was down 473 at 30,619.

The Brazilian real continued to hold its own against the dollar, trading at 1.9, little changed from Thursday. Dealers said trade was thin ahead of the Carnival holiday. One said: "The market is calm, and there's not much happening."

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