The Ibovespa rose 0.2% to close at 160,837 on Friday as investors returned from the Christmas holiday and digested former president Jair Bolsonaro’s decision to back his son Flávio as a pre-candidate for the October 2026 presidential race. Trading conditions were subdued, with liquidity constrained by the closure of several overseas markets. Ambev led gains after rising 2.5%, followed by B3, which advanced 1.8%, and CPFL Energia, which jumped 3.6%. Elsewhere, Embraer slipped 0.7% after renegotiating its aircraft order with Azul, cutting firm E195 E2 orders from 51 to 25 as the airline restructures under Chapter 11.