# São Paulo Stocks Jump 8% After Bolsonaro Wins

> Bolsonaro edges Lula in first round, sparking 8% stock surge.
- Title: São Paulo Stocks Jump 8% After Bolsonaro Wins · MercoPress
- Summary: Bolsonaro edges Lula in first round, sparking 8% stock surge. Brazilian stocks rose 8% after Bolsonaro won 47% of votes in first-round election, with runoff…
- Keywords: flavio bolsonaro, jair bolsonaro, bovespa, brazil, presidential election, runoff election, news, world, politics, São, Paulo, Stocks
- Source: MercoPress — https://en.mercopress.com/2026/10/05/s-o-paulo-stocks-jump-8-and-the-real-firms-after-bolsonaro-s-first-round-win
- Read time: 1 min
- Topics: flavio bolsonaro, jair bolsonaro, bovespa, brazil, presidential election, runoff election, news, world, politics
## First-round result
Flávio Bolsonaro won 47% of valid votes to Lula's 45% in Brazil's presidential election first round.
## Stock market reaction
São Paulo Stock Exchange's Bovespa index rose 8% to 208,000 points in early trading.
## Banking gains
Banks led the rally with Bradesco up 15.2%, Itaú up 14.4%, Nu Holding up 12.2%, Petrobras up 10.3%, and Vale up 6.4%.
## Real currency movement
The real gained 1.4% against the dollar, trading at 5.14 reais.
## Investor expectations
Investors see Bolsonaro as more likely to push fiscal tightening to allow high interest rates to come down.
## Market caution
Analysts warn Bolsonaro needs clear signals to tackle economic problems before market confidence returns.
## Key takeaway

Brazilian stocks rose 8% after Bolsonaro won 47% of votes in first-round election, with runoff scheduled for October 25.