Around the World's Markets: Sao Paulo

Wednesday 03 March 1999 00:02 GMT

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SHARE PRICES in Brazil closed lower in light trading as investors ignored the stronger dollar.

The benchmark Bovespa index closed 128 points lower, or 1.38 per cent, at 9,070 points on light turnover of 309.5 million reals.

"Until now the stock market has been rising on the devaluation, but now the sharp devaluation has damaged credibility too much," said one trader.

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Around the World's Markets: Sao Paulo

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