Brazilian Brewer Ambev Surges 15% on Earnings Beat, Lifting Ibovespa

Brazil · Equities Key Facts —Largest single-day move since 1999 The 15.3% intraday jump, pushing the stock to a closing price of R$16.65, was the biggest swing for Ambev shares in over 27 years, signaling rare upside momentum for the brewing giant. —Brazil beer volumes hit a Q1 record Stronger-than-expected Brazil beer volume growth of…