The São Paulo stock exchange has recorded ten consecutive sessions of losses following the collapse of Casas Bahia.

The São Paulo Stock Exchange recorded its tenth consecutive session of losses on August 17, following a 0.09% decline. The downward trend was primarily driven by the retail chain Casas Bahia, which saw its share value plummet by more than 30% during the trading session.

The sharp decline in Casas Bahia's stock price occurred immediately after the company announced it had filed for bankruptcy protection. This significant drop in a major retail equity served as the primary catalyst for the broader market's ongoing negative performance.