Brazil: Capital Markets Stats

Performance of the Principal Indices

The performance of the Brazilian stock market is illustrated by the indices for the two major stock exchanges, Ibovespa and IBV, and, furthermore, by the index maintained by the Electronic System for National Negotiation or I-SENN.

The principal Brazilian indices were created with the objective of recording the performance of their respective markets. They are developed to consider the relative contribution of each asset in the total financial volume of transactions. As the market tends to concentrate on relatively few shares, the indices naturally reflect this trend. For this reason, the indices for the Brazilian exchanges cannot always be regarded as an accurate reflection of the country's economic situation. As the market is currently excessively concentrated, they above all reflect the variations in prices of a limited number of shares.