Brazil stock Market

The BM & FBOVESPA (Portuguese pronunciation: [bovespa]; in full, Bolsa de Valores, Mercadorias & Futuros de São Paulo) is a São Paulo-based stock exchange. It is the fourth largest stock exchange in the The Americas in terms of market capitalization, behind NYSE, Nasdaq, and Toronto Stock exchange. Founded on August 23, 1890 by Emilio Rangel Pestana, the “Bolsa de Valores de São Paulo” (São Paulo Stock Exchange, in English) has had a long history of services provided to the stock market and the Brazilian economy. Until the mid-1960s, Bovespa and the other Brazilian stock markets were state-owned companies, tied with the Secretary of Finances of the states they belonged to, and brokers were appointed by the government.


The exchange has a pre-market session from 09:45am to 10:00am, a normal trading session from 10:00am to 5:00pm and a post-market session from 5:30pm to 7:00pm weekdays and holidays declared by the Exchange in advance


The Bovespa Index is a total return index weighted by traded volume and is comprised of the most liquid stocks traded on the Sao Paulo Stock Exchange. The Bovespa Index has been divided 10 times by a factor of 10 since January 1, 1985, those dates are:12/02/85, 04/14/89, 05/28/91, 01/26/93, 02/10/94, 08/29/8801/12/90, 01/21/92, 08/27/93, 03/03/97. Shares in Index displayed in Millions. Africa is also now a fast  climbing market

Stock exchanges in South America

It is also the thirteenth largest in the world in terms of market capitalization (see list of stock exchanges). On May 8, 2008, the São Paulo Stock Exchange (Bovespa) and the Brazilian Mercantile and Futures Exchange (BM&F) merged, creating BM & FBOVESPA.

The benchmark indicator of BM&FBOVESPA is the Índice Bovespa. There were 450 companies traded at Bovespa as of April 30, 2008

Few Companies traded on the  Ibovespa

AES Eletropaulo – energy; HQ: São Paulo

América Latina Logística – logistics; HQ: Curitiba

AmBev – food and beverages; HQ: São Paulo

Aracruz – pulp and paper; HQ: São Paulo

B2W Varejo – electronic sales; HQ: Osasco

Banco do Brasil – finance and insurance; HQ: Brasília

Banco Nossa Caixa – finance and insurance; HQ: São Paulo

Bradesco – finance and insurance; HQ: Osasco

Bradespar – other / holding company; HQ: São Paulo

Brasil Telecom – telecommunications; HQ: Brasília

Braskem – chemicals; HQ: São Paulo

BRF food; HQ: São Paulo

CCR – highways; HQ: São Paulo

Celesc – energy; HQ: Florianópolis

Cemig – energy; HQ: Belo Horizonte

CESP – energy; HQ: São Paulo

Comgás – oil and gas; HQ: São Paulo

Companhia Siderúrgica Nacional – siderurgy and metallurgy; HQ: Rio de Janeiro

Copel – energy; HQ: Curitiba

Cosan – etanol and sugar; HQ: Piracicaba

CPFL Energia (CPFE3) – energy; HQ: Campinas

Cyrela Brazil Realty- real estate; HQ: São Paulo

Duratex – construction & home furnishings; HQ: São Paulo

Eletrobrás – energy; HQ: Rio de Janeiro

Embraer – aviation; HQ: São José dos Campos

Gafisa – real estate; HQ: São Paulo

Gerdau – siderurgy and metallurgy; HQ: Porto Alegre

Gol Transportes Aéreos (GOLL4) – transportation ; HQ: São Paulo

Pão de Açucar – retail; HQ: São Paulo

Itau Unibanco – finance and insurance; HQ: São Paulo

Itaúsa – other / holding company; HQ: São Paulo

JBS S.A. – food and beverages; HQ: São Paulo

Klabin – paper and pulp; HQ: São Paulo

Light – energy; HQ: Rio de Janeiro

Lojas Americanas – retail; HQ: São Paulo

Lojas Renner – retail; HQ: Porto Alegre

MMX Mineração – siderurgy and metallurgy; HQ: Rio de Janeiro

Net – cable TV; HQ: São Paulo

Natura – cosmetics; HQ: São Paulo

Oi – telecommunications; HQ: Rio de Janeiro

Perdigão – food; HQ: São Paulo

Petrobras – oil and gas; HQ: Rio de Janeiro

Redecard – payment system; HQ: São Paulo

Rossi Residencial – construction; HQ: São Paulo

Sabesp – other / sanitation; HQ: São Paulo

Souza Cruz – other / tobacco; HQ: Rio de Janeiro

TAM Airlines – transportation; HQ: São Paulo

TIM Participações – telecommunications; HQ: Rio de Janeiro

Telesp – telecommunications; HQ: São Paulo

Transmissão Paulista – energy; HQ: São Paulo

Ultrapar – other / holding company; HQ: São Paulo

Usiminas – siderurgy and metallurgy; HQ: Belo Horizonte

Vale – mining; HQ: Rio de Janeiro

Vivo – telecommunications; HQ: São Paulo

Votorantim Celulose e Papel – paper and pulp; HQ: São Paulo


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