Brazil: Capital Markets Stats

Article Index

Brazilian Capital Market: Statistics

Listed Companies

At the close of 1995, there were 874 public companies in Brazil, of which 570 whose shares were listed on the stock exchanges. Below is a chart showing changes in the number of companies listed on the exchanges since 1973:

Number of Companies Listed on Brazilian Stock Exchanges

By end of Quantity
1973 690
1982 607
1990 616
1992 591
1993 577
1994 569
1995 570

 

 

 

 

 

 

Source: The CVM

Capitalization of Brazilian Open Companies (in US$ billions)

The total market value of Brazilian public corporations at the close of 1995 was some US$147.6 billion. Below is a chart illustrating developments in total capitalization as a percentage of the GDP:

Year Capitalization % of GDP
1983 15,102 6.0
1985 42,768 14.0
1987 16,900 4.7
1989 44,368 11.1
1991 42,759 7.7
1992 45,261 8.2
1993 96,698 16.8
1994 185,352 30.0
1995 147,560 23.4

 

 

 

 

 




Source: The CVM
 

Segmentation of Volumes Negotiated

As explained above, BOVESPA and SENN account for all trading on the Brazilian market. The table below gives statistics for the Brazilian exchanges:

Volumes Negotiated on Principal Brazilian Stock Exchange (in US$ millions)
  BOVESPA SENN Total
Av. monthly vol. on cash mkt. 4,780.5 878.6 5,659.1
Av. daily vol. on cash mkt. 234.15 45.26 279.41
Av. daily vol. futures/options 47.63 9.99 57.62
Av. monthly no. bonds negotiated 547,795.770 242,841.315 790,637.085

 

 

 



Source: The CVM

Companies most traded at Bovespa in 1995

The shares most commonly traded on the cash market were as follows:

Company Share %
Telebrás PN 53.94
Petrobrás PN 6.02
Eletrobrás ON 4.54
Vale do Rio Doce PN 4.34
Eletrobrás PNB 4.24

 

 

 

 

 

Source: Bovespa

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.


Nominal variations of the principal indices for Brazilian shares (1992-95)

Below are percentage variations per month of the principal indices during the period 1992 to 1995:

  Ibovespa    I-SENN  
Period 1992 1993 1994 1995 1992 1993 1994 1995
January 84.4 36.9 97.2 -10.8 269.6 33.1 101.2 -7.7
February 29.4 51.3 42.3 -15.8 26.9 46.6 42.1 -18.4
March 21.1 36.5 43.8 -8.9 16.6 35.0 49.6 -6.6
April 28.6 25.6 8.9 28.0 28.7 -88.1 8.9 28.5
May 14.8 47.0 44.4 -2.4 17.5 49.3 46.2 -3.1
June -22.6 51.8 46.9 -3.2 -18.5 54.2 47.4 -1.6
July 33.5 22.0 16.0 7.6 30.6 19.8 -88.4 5.5
August 21.9 47.0 26.9 11.2 14.0 51.5 27.5 5.2
September 36.2 52.0 2.9 8.3 26.1 60.4 11.2 8.7
October 3.8 25.8 -12.5 -11.6 7.5 26.5 -5.2 -8.5
November -0.9 48.7 -3.0 6.1 6.3 50.3 -6.6 0.8
December 48.2 37.0 -6.5 -1.8 37.2 -85.8 -3.5 0.4
Accum. in yr. 1,015.8 5,437.0 1,021.0 -1,3 1,881.0 -43.0 41.0 -3.8

 

 

 

 

 

 

 

 

 

Source: BOVESPA and BVRJ