Ambev's shares fell by 6.7% as the Brazilian real weakened, contributing significantly to a broader stock selloff despite strong Q2 operating results. The depreciation of the real accounted for nearly two percentage points of the decline in Ambev's ADRs. The company reported solid organic EBITDA growth and normalized profit increases in Q2, but analysts maintain a cautious stance due to currency risks and soft category demand.
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We wrap up our coverage of the markets and the week.
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Last week, the BSE benchmark Sensex declined 276.32 points, or 0.35 per cent, and the NSE Nifty dipped 76.35 points, or 0.31 per cent
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