Shares in Brazil's Petrobras rebound after Monday plunge

By:  Reuters
08:31 02/23/2021

SAO PAULO (Reuters) - Shares in Brazil's state-run oil company Petrobras rose around 8% in early Tuesday trading, rebounding after a sharp plunge the previous day on President Jair Bolsonaro's move to appoint a new chief executive.

Shares in Petroleo Brasileiro SA, as the company is officially known, plunged 22% on Monday, wiping out 71 billion reais ($13 billion) in market value.

(Reporting by Gabriel Stargardter and Paula Laier)

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