The Ibovespa rose 0.8% to close at 144,509 on Monday, buoyed by a thaw in external risk and a string of company-specific catalysts. Fleury plunged about 4% after denying reports that talks with Rede D’Or had been suspended; the transaction remains market-relevant as Citi estimates it could free roughly R$10bn for Rede D’Or post-merger. Braskem jumped 1.8% after Camex extended a 20% import tariff on PE, PP and PVC through October 2026, supporting domestic resin spreads and margins. Vale gained 1.3% on firmer commodity signals, while Petrobras lagged (-0.3%) as oil softened and a recent gasoline price adjustment to distributors fell short of market expectations. Utilities and large banks outperformed, led by Eletrobras, Sabesp, Itau and Bradesco.