In April 2009, equity markets (Bovespa segment) traded BRL97.19 billion, totaling 5.92 million trades. In March, total volume reached BRL88.94 billion, in 6.34 million trades. All stock market indexes ended April up. The stock market benchmark index, the Ibovespa, ended the month 15.5% higher at 47,289 points.
Derivatives markets in the BM&F segment (including financial and commodities derivatives) totaled 31,020,336 contracts and BRL2.44 trillion in volume in April. That compares to 38,353,286 contracts and volume of BRL3.03 trillion in March. The daily average of contracts in the derivatives markets in April was 1,551,017, compared to 1,743,331 the previous month.
BOVESPA SEGMENT (Equities)
Volumes and Trades – Equities, Equities Derivatives and Fixed IncomeThe Bovespa markets reached a total volume of BRL97.19 billion in 5.92 million trades in April, with daily averages of BRL4.86 billion and 296,121 trades, respectively. In March, total volume reached BRL88.94 billion in 6.34 million trades. March’s daily averages reached BRL4.04 billion and 288,200 trades.
Most traded stocks in April were: Petrobras PN, with BRL13.02 billion; Vale R Doce PNA, with BRL10.53 billion; Itauunibanco PN, with BRL4.06 billion; Petrobras ON , with BRL3.64 billion; BMF Bovespa ON, with BRL3.30 billion.
IndexesThe Ibovespa ended April 15.5% higher at 47,289 points. Best performing stocks were Rossi Resid ON (+104.05%); VCP PN (+76.02%); Aracruz PNB (+72.08%); Gafisa ON (+62.92%); B2W Varejo ON (+59.30%). Worst performing stocks were: Eletropaulo PNB (-2.68%); Redecard ON (-1.78%); Telesp PN (-0.85%); e Trans Paulista PN(-0.75%).
In addition to the Ibovespa, the remaining stock-exchange indexes also ended April up: Imobiliário (+53.9% at 543 points); ITAG (+19.5% at 5,864 points); ISE (+15.3 % at 1,371 points); IBrX-50 (+13.1% at 6,985 points); MidLarge Cap (+12.1% at 707 points); IGC (+18.1% at 4,582 points); INDX (+19.7% a 6,418 points); IBrX-100 (+13,1% at 15,626 points); IVBX-2 (+14.4% at 4,001 points); Iconsumo (+19.5 % at 871 points); IEE (+12.6% at 18,847 points); Small Cap (+32.4% at 638 points); and ITEL (+8.1% a 1,167 points)
Market ValueMarket capitalization of the 387 companies listed on the BM&FBOVESPA in April was BRL1.66 trillion, compared to BRL1.48 trillion concerning the same listed companies in March.
Special Corporate Governance LevelsThe 157 companies part of the BM&FBOVESPA’s special corporate governance levels at the end of April represented 59.27% of the market capitalization, 70.16% of trading volume, and 78.19% of the trades in the spot market.
Market ParticipationThe spot market accounted for 94.0% of total trading volume in April, followed by the options market, with 4.4%, and by the forward market, with 1.6%. The after market traded BRL820.41 million with 85,205 trades, compared to BRL713.06 million and 77,013 trades in the previous month.
Fixed IncomeIn April, the trading volume for the secondary market, counting both the Bovespa Fix and the Soma Fix, totaled BRL10.98 million, compared to BRL8.63 million in March. Of this total, debentures accounted for BRL7.54 million, Real Estate Receivables Certificates (CRI) accounted for BRL3.34 million, and Credit Receivables Investment funds (FIDC) accounted for BRL100,000.00.
Investor ParticipationIn April, foreign investors were responsible for 36.23% of the total volume, compared to 34.01% in March. Individuals took second place, with 30.85%, compared to 33.82%; institutional investors had 24.69%, compared to 23.64%, financial institutions, with 6.22%, compared to 6.60%; companies, with 1.97%, compared to 1.87%; and other types of investors, 0.04%, compared to 0.05%.
Foreign InvestmentThe net flow of foreign investment into the Brazilian stock market in 2009 as of April 30 is a positive BRL7,074,221,605.50, which is the combined result of the amount of BRL1,957,009,261.50 in acquisitions carried out by foreign investors in the stock offerings and the positive balance of BRL5,117,212,344.00 in direct trading at BM&FBOVESPA.
In April, the financial volume traded by foreign investors in the stock market was a positive BRL3,778,269,917,00, which is the net balance between stock sales of BRL33,232,482,141.00 and stock purchases of BRL37,010,752,058.00.
The foreign investor participation in stock offerings, including IPOs, represented 88,4% of the total BRL2,212,895,370.00 in transactions related to the publication of the closing announcement dates ending on May 5, 2009.
Individual InvestorsThe BM&FBOVESPA ended April with 519,057 individual investor accounts in custody. The stock exchange had 525,603 such accounts in March.
Investment ClubsThe BM&FBOVESPA ended April with 2,806 investment clubs and 31 new registrations. Total liquid asset reached BRL8.04 billion and the number of participants reached 146,380, according March data, the latest available.
Home BrokerVolume in Home Broker trades totaled BRL32.01 billion in April, compared to BRL31.80 billion in March. Home Broker’s average daily volume reached BRL1.60 billion, compared to BRL1.45 billion, and the average amount per transaction BRL10.20 million, compared to BRL9.82 million; total number of trades reached 3,401,9047 compared to 3,534,371; and daily average reached 170,095, compared to 160,653.
Home Broker’s participation in the stock market’s April’s total volume was 16.50%, compared to 17.90% in March, while total number of trades reached 28.70%, compared to 27.90%. The number of investors placing orders stood at 175,211, compared to 165,345 in March. In April, the number of brokerage firms offering Home Broker increased to 63, compared to 62 in March.
BM&F SEGMENT (Derivatives and Futures)
Volumes and Trades – Financial DerivativesInterest rate futures (DI) was one of April’s highlights, totaling 14,241,900contracts, compared to 20,549,455 in March. The US dollar futures ended the month totaling 5,302,115 contracts compared to 5,329,265 contracts in the previous month. The Ibovespa futures traded 1,157,658 contracts in April, compared to 1,426,024 in the last month. Open-interest contracts ended the last trading day of April with 15,709,178 positions, compared to 15,707,000 in March.
Volumes and Trades – Agribusiness DerivativesIn April, the agribusiness derivatives market on BM&FBOVESPA (including futures and options) totaled 141,379 contracts traded, compared to 188,576 in March. Live cattle registered 61,230 contracts traded, compared to 104,239 in the previous month. Arabica coffee totaled 42,986 contracts, compared to 48,117 in March.
Soybeans totaled 25,188 contracts, compared to 22,539 (in March) and corn, 1,430 contracts, compared to 4,505 (in March). Agribusiness markets totaled 79,469 open interest contracts at the end of the last trading day of April. In March, these contracts totaled 76,887.
Volumes and Trades – Mini contractsThe derivatives market for mini contracts traded 1,048,990 contracts in the month of April, compared to 1,334,323 in March. Of this total, the futures market for Ibovespa mini contracts traded 1,017,536, compared to 1,300,085 contracts in the previous month. Mini U.S. dollar futures traded 27,345 contracts, compared to 29,622 in March. Mini futures contracts ended April with 17,440 open interest contracts, compared to 27,193 in the previous month.
Volumes and Trades – Spot GoldThe spot gold market (250 grams) traded, in April, 1,182 contracts, compared to 1,143 contracts in March. Spot gold market volume totaled BRL18.81 million, compared to BRL19.36 million in the previous month.
Investor ParticipationFinancial institutions led derivatives trading (BM&F segment), responsible for 46.13% of contracts traded, compared to 46.87% in the previous month. Institutional investors were responsible for 24.25%, compared to 23.11%; foreign investors, 18.69%, compared to 18.04%; individuals, 8.53% compared to 8.79%; and companies, with 2.40%, versus 3.19%.
Individual InvestorsIn April, there were 61,219 individual investors with at least one account registered at the Derivatives Clearinghouse, compared to 63,308 in the previous month.
