BM&FBOVESPA publishes August market performance
- BOVESPA segment has record financial volume of BRL 187.09 billion and record 21,736,691 trades
- ETFs have record 134,294 trades
BOVESPA Segment |
In August 2013, the equities market’s (BOVESPA segment) financial volume totaled a record BRL 187.09 billion in a record 21,736,691 trades, with daily averages of BRL 8.50 billion and 988,031 trades. In July, financial volume totaled BRL 132.69 billion, the total number of trades 18,355,701, the daily average financial volume BRL 6.03 billion and daily average number of trades 834,350. |
Equities The most traded stocks in August were: Vale PNA, with BRL 17.9 billion; PETROBRAS PN with BRL 13.4 billion; ITAUUNIBANCO PN, with BRL 7.8 billion; BRADESCO PN, with BRL 5.2 billion; and VALE ON with BRL 4.4 billion. |
Indexes The Ibovespa ended August at 50,011 points, up 3.68% from the previous month. The best performing stocks for the Ibovespa in August were: LLX LOG ON (+48.96%), SID NACIONAL ON (+32.22%), MMX MINER ON (+31.52%), MRV ON (+28.35%) and B2W DIGITAL ON (+28.30%). The biggest losses were: OGX PETROLEO ON (-54.55%), SABESP ON (-16.28%), OI PN (-15.51%), OI ON (-15.37%) and MARFRIG ON (-15.12%). All of the other BOVESPA segment stock-exchange indexes ended August as follows:
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Market Value Market capitalization of the 364 companies listed on the BM&FBOVESPA in August was BRL 2.30 trillion, compared to BRL 2.30 trillion for the 365 companies listed in July. |
Special Corporate Governance Levels At the end of August, the 183 companies that are part of BM&FBOVESPA’s special corporate governance levels represented 68.05% of the market capitalization, 77.90% of the financial volume, and 87.72% of the trades in the cash market. At the end of July, there were 183 companies representing 67.82% of the market capitalization, 82.24% of the financial volume, and 87.64% of the cash market trades. |
Payouts to Shareholders In August of 2013, the financial volume from Corporate Actions managed by BM&FBOVESPA totaled BRL 7.25 billion, of which BRL 2.65 billion in dividends and BRL 3.63 billion in interest on shareholders’ equity paid to shareholders that use BM&FBOVESPA’s Custody service. In July the amount totaled BRL 1.31 billion, of which BRL 307.45 million in dividends and BRL 572.14 million in interest on shareholders’ equity. |
Market Participation The cash market accounted for 95.6% of total financial volume in August, followed by the options market, with 3.2% and by the forward market, with 1.2%. The After Market traded BRL 570.17 million with 40,743 trades, compared to BRL 518.28 million and 42,293 trades in the previous month. |
Investor Participation In August, foreign investors were responsible for 42.09% of the total volume, compared to 44.87% in July. Institutional investors came next, with 34.25% from 31.86%; individual investors had 15.95%, compared to 16.05%; financial institutions, with 8.86%, compared to 6.47%; and companies, with 0.82%, compared to 0.71%. |
Individual Investors BM&FBOVESPA ended August with 616,788 individual investor stock exchange accounts in custody, compared to 628,868 accounts in July. |
Foreign Investment In 2013, the financial volume traded by foreign investors in the stock market was a positive BRL 16.9 billion, from BRL 10.5 billion in stock offerings and BRL 6.4 billion on the BM&FBOVESPA secondary market. In August, the financial volume traded by foreign investors in the stock market was a positive BRL 2.1 billion, which is the net balance between stock sales of BRL 77.6 billion and stock purchases of BRL 79.7 billion. Foreign investor participation in stock offerings, including IPOs, represented 56.1% of the total BRL 18.8 billion in transactions related to the publication of the closing announcement dates ending on September 03, 2013, pursuant to information available on the Exchange’s website, under the media section. |
ETFs The financial volume registered in August by the 15 BM&FBOVESPA Exchange-Traded Funds (ETFs) reached BRL 2.84 billion in a record 134,294 trades, from BRL 2.26 billion and 99,835 the previous month. The BOVA11 ETF, which tracks Ibovespa, had a financial volume of BRL 2.60 billion and 124,720 trades from BRL 2.09 billion and 90,585 the previous month. |
Securities Lending In August, the total number of securities lending transactions reached 163,678 compared to 158,544 in July. Financial volume was BRL 96.59 billion in August from BRL 76.55 billion the previous month. |
Corporate Securities In August, the trading volume for the secondary market for corporate securities, counting both the BOVESPA FIX and the SOMA FIX, totaled BRL 7.96 million, compared to BRL 17.96 million in July. This total included debentures and Mortgage Backed Securities (CRI). |
Real Estate Funds Real Estate Funds (FIIs) turned over BRL 513.54 million in 63,232 transactions, against BRL 516.33 million and 63,812 transactions in July. There were 111 of these funds registered at the end of the month for trading in the exchange and OTC markets of BM&FBOVESPA. |
BM&F Segment |
Derivatives markets in the BM&F segment (including financial and commodities derivatives) totaled 61,985,249 contracts and BRL 5.01 trillion in volume in August, compared to 53,496,970 contracts and BRL 3.92 trillion in July. Open interest contracts ended the last trading day of August 2013 with 38,716,402 positions, compared to 38,420,296 in July. See the General volume |
Financial Derivatives In August, interest rate futures (ID) traded 34,692,427 contracts, in contrast to 25,210,985 in July. US Dollar futures ended the month of August with 8,062,797 contracts, compared to 6,353,375 in the previous month. Ibovespa futures traded 2,174,540 contracts, compared to 1,908,390 in July. |
Agribusiness Derivatives In August, the BM&FBOVESPA agribusiness derivatives market (including futures and options) totaled 244,271 contracts traded, compared to 201,238 in July. Agribusiness markets totaled 97,749 open interest contracts, in contrast to100,880 in the previous month. Live cattle futures and options totaled 122,065 contracts traded in August, compared to 112,150 in July. Corn futures and options totaled 92,146 contracts traded, compared to 57,735 in July. Arabica coffee ended August with 22,033 contracts, compared to 14,241 in July. Hydrous ethanol futures totaled 2,077 contracts, compared to 4,904 in July. Soybean derivatives totaled 2,203 contracts traded in August, against 6,835 the previous month. |
Spot Gold The spot gold market (250 grams) traded, in August, 1,708 contracts, compared to 2,143 contracts in July. Spot gold market volume totaled BRL 43.59 million, compared to BRL 50.40 million in the previous month. |
Spot US Dollar There were 230 spot US Dollar transactions totaling USD169.25 million in August, from 91 and USD97.75 million in July. US Dollar transactions in the Brazilian interbank market, registered for settlement with the Foreign Exchange Clearinghouse, totaled 2,913 transactions and USD33.65 billion, from 2,955 transactions and USD38.29 billion in July. |
Investor Participation In August, institutional investors led derivatives trading (BM&F segment), accounting for 37.18% of contracts traded, compared to 35.38% in the previous month. Financial institutions were responsible for 30.39%, compared to 34.01%; foreign investors for 25.03%, compared to 23.22%; individuals for 5.66%, compared to 6.11%; and companies for 1.36%, versus 1.05%. |
Volumes and trades by Direct Market Access (DMA) |
BM&F Segment The volumes registered by each access modality in the BM&F segment were as follows: Traditional DMA – 17,909,552 contracts traded, in 1,619,686 trades, in comparison to 12,847,791 contracts and 1,532,857 trades in July; Via DMA provider (including orders routed via the Globex System) – 17,353,186 contracts traded, in 571,721 trades, compared to 12,414,982 contracts and 443,190 trades in July; DMA via direct connection – 64,278 contracts traded in 20,991 trades, compared to 22,497 contracts in 11,046 trades in July; DMA via co-location – 12,300,875 contracts traded, in 3,423,334 trades, compared to 9,938,801 contracts and 2,984,670 trades in July. In August, transactions carried out by foreign investors presented by CME to BM&FBOVESPA (who use the Globex-BM&FBOVESPA PUMA Trading System order routing system or access BM&FBOVESPA markets via co-location) totaled 3,738,618 contracts traded, in 1,015,728 trades, compared to 3,777,049 contracts and 1,232,762 trades in July. |
BOVESPA Segment In August, order routing via DMA in the BOVESPA* segment totaled BRL 146.92 billion and 23,811,945 trades, from BRL 144.98 billion and 19,977,806 trades the previous month. Trading volumes per type of DMA in the BOVESPA segment: Traditional DMA – Volume of BRL 89.73 billion and 14,208,453 trades from BRL 72.04 billion and 12,455,105 in July; DMA via provider – Volume of BRL 9.91 billion and 1,541,445 trades, from BRL 7.50 billion and 1,245,435 in July. DMA via direct connection – Volume of BRL 1.47 billion and 103,106 trades, from BRL 1.61 billion and 130,276 in July. DMA via co-location – Volume of BRL 45.80 billion and 7,958,941 trades from BRL 33.83 billion and 6,146,990 in July; * Direct access to the BM&FBOVESPA market segments is carried out through DMA models 1, 2, 3 and 4. In model 1 or traditional DMA, the client accesses the trading system through technological intermediation of a brokerage house. In model 2 or via DMA provider, the client does not use the technological intermediation of a brokerage house, but rather connects to the system through an authorized access provider. DMA via order routing with CME Globex is also a form of DMA model 2. In model 3, the client connects to the Exchange’s trading platforms through a direct connection. In model 4 or via co-location, the client installs its own computer within the Exchange’s facilities. Notes: The volumes registered by access modality include both buy and sell sides of a trade. The volumes by access modality for both the BM&F and the BOVESPA market segments have been reported in a consolidated manner in the BM&FBOVESPA statements since August 2009. |