Diginex Shares Retreat After Initial Brazil Deal Rally

A strategically significant framework agreement for a joint venture in Brazil failed to sustain investor enthusiasm for Diginex. Despite an initial pre-market surge, the company’s shares reversed course sharply during the regular trading session, succumbing to a powerful underlying downtrend and technical selling pressure.

The core of yesterday’s announcement was Diginex’s entry into the Brazilian decarbonization market through a framework agreement with BGlobal and the state of Mato Grosso. The planned joint venture aims to build a digital infrastructure for ESG reporting and decarbonization within the agricultural sector, starting with a pilot project for a “Digital Green Passport” in Mato Grosso’s beef industry.

The market Read more...