In August 2009, equity markets (Bovespa segment) traded BRL 112.01 billion, totaling 7,233,430 million trades. In July, total volume reached BRL 107.47 billion, with 7,021,826 million trades. This month's Bovespa segment highlights were six trading records via Home Broker, among them a registered volume of BRL 42.54 billion in August, in comparison to BRL 35.41 billion in July; with an average daily volume of BRL 2.02 billion, which for the first time surpassed the two billion mark, in comparison to BRL 1.60 billion.
Derivatives markets in the BM&F segment (including financial and commodities derivatives) totaled 28,907,308 contracts and BRL 1.88 trillion in volume in August. That compares to 30,581,912 contracts and a volume of BRL 2.20 trillion in July. The daily average of contracts in the derivatives markets in August was 1,376,538, compared to 1,390,087 in the previous month. BM&F segment highlight for the month of August was the U.S. dollar futures contract that traded 6,393,595 contracts, compared to 5,528,420 in July.
Volumes and Trades – Equities, Equities Derivatives and Fixed Income
The Bovespa markets reached a total volume of BRL 112.01 billion in 7,233,430 trades in August, with daily averages of BRL 5.33 billion and 344,449 trades, respectively. In July, total volume reached BRL 107.47 billion in 7,021,826 trades. July's daily averages reached BRL 4.88 billion and 319,174 trades.
The most traded stocks in August were: Petrobrás PN, with BRL 12.19 billion; VALE PNA, with BRL 10.41 billion; Itauunibanco PN, with BRL 3.85 billion; BMFBovespa ON , with BRL 3.53 billion; and Bradesco PN, with BRL 3.52 billion.
Indexes
The Ibovespa ended August 3.15% higher at 56,488 points. Best performing stocks were: Gol ON (+26.37%); Brasken PNA (+25.87%); Cosan ON (+24.10%); Cyrela Realt ON (+23.06%); and ALL Amer Lat. UNT (+15.62%). Worst performing stocks were: Redecard ON (-7.03%); TIM Part S/A ON (-4.81%); Eletrobrás PNB (-4.07%); Eletrobrás ON (-4.01%); and VCP ON (-3.38%).
In addition to the Ibovespa, the remaining stock exchange indexes also ended August up: IBrX-50 (+1.52% at 7,927 points); IBrX-100 (+1.91% at 17,823 points); ISE (+4.43% at 1,607 points); ITEL (+0.26% at 1,224 points); IEE (+1.79% at 21,351 points); INDX (+4.73% at 8,380 points); IVBX-2 (+5.25% at 4,797 points); IGC (+3.17% at 5,528 points); ITAG (+4.06% at 7,233 points); Small Cap (+7.98% at 901 points); MidLarge Cap (+1.36% at 793 points); Iconsumo (+5.60% at 1,110 points); and Imobiliário (+12.03% at 832 points).
More information about Indexes
Market Value
Market capitalization of the 388 companies listed on the BM&FBOVESPA in August was BRL 1.93 trillion, compared to BRL 1.89 trillion concerning the same number of companies listed in July.
Special Corporate Governance Levels
The 158 companies part of the BM&FBOVESPA's special corporate governance levels at the end of August represented 60.50% of the market capitalization, 74.97% of trading volume, and 81.14% of the trades in the spot market.
Market Participation
The spot market accounted for 94% of total trading volume in August, followed by the options market, with 4%, and by the forward market, with 2%. The after-market traded BRL 1.41 billion with 120,993 trades, compared to BRL 1.20 billion and 106,865 trades in the previous month.
Investor Participation
In August, foreign investors were responsible for 33.31% of the total volume, compared to 37.93% in July. Individual investors came next, with 30.97%, compared to 29.12%; institutional investors had 27.20%, compared to 25.94%, financial institutions, with 6.35%, compared to 4.92%; companies, with 2.12%, compared to 2.01%; and other types of investors, 0.06%, compared to 0.08%.
Foreign Investment
The net flow of foreign investment into the Brazilian stock market in 2009 as of August 31 is a positive BRL 22.06 billion, which is the combined result of the amount of BRL 9.74 billion in acquisitions carried out by foreign investors in the stock offerings and the positive balance of BRL 13.96 billion in direct trading at BM&FBOVESPA.
In August, the financial volume traded by foreign investors in the stock market is a positive BRL 1.65 billion, which is the net balance between stock sales of BRL 36.38 billion and stock purchases of BRL 38.03 billion.
The foreign investor participation in stock offerings, including IPOs, represented 64.0% of the total BRL 15.23 billion in transactions related to the publication of the closing announcement dates ending on September 2, 2009.
Individual Investors
BM&FBOVESPA ended August with 521,529 individual investor accounts in custody. The stock exchange had 521,555 such accounts in July.
Investment Clubs
The BM&FBOVESPA ended August with 2,844 investment clubs and 57 new registrations. Total liquid asset reached BRL 11.20 billion and the number of participants reached 144,180, according to the latest available July data.
Home Broker
In August, trading via Home Broker registered the following records: volume totaled BRL 42.54 billion, compared to BRL 35.41 billion in July; average daily volume reached BRL 2.02 billion, compared to BRL 1.60 billion; total number of trades reached 4,392,467 compared to 4,009,369; the daily average of trades stood at 209,165, in contrast to 182,244; participation in the stock market's total volume in August was 19.00%, compared to 16.50% in July, while total number of trades reached 30.40%, compared to 28.50%.
The average amount per transaction totaled BRL 10,720, compared to BRL 8,530. The number of investors placing orders stood at 211,316, compared to 211,853 in July. In August, the number of brokerage firms offering Home Broker increased to 67, compared to 68 in July.
Securities Lending
The financial volume of stock lending transactions in the Securities Lending Bank (BTC) reached BRL 25.85 billion in August, in comparison to BRL 23.58 billion in July. The total number of trades reached 61,990, compared to 65,791 in the previous month
Fixed Income
In August, the trading volume for the secondary market, counting both the Bovespa Fix and the Soma Fix, totaled BRL 26.80 million, compared to BRL 37.74 million in July. Of this total, debentures accounted for BRL 13.99 million, Real Estate Receivables Certificates (CRI) accounted for BRL 0.30 million, and Credit Receivables Investment funds (FIDC) accounted for BRL 12.51 million.
ETFs
The financial volume registered in August by the four BM&FBOVESPA Exchange-Traded Funds (ETFs) reached BRL 451.14 million, in contrast to BRL 477.13 million in July. 5,753 trades were registered with ETFs BOVA11, SMAL11, MILA11, and PIBB11. In the previous month the number of trades was 5,635. ETF BOVA11 reached the highest financial volume in August, with BRL 373.33 million, in comparison to BRL 399.25 in July.
BM&F Segment (Derivatives and Futures)
Derivatives markets in the BM&F segment (including financial and commodities derivatives) totaled 28,907,308 contracts and BRL 1.88 trillion in volume in August. That compares to 30,581,912 contracts and a volume of BRL 2.20 trillion in July. The daily average of contracts traded in the derivatives markets in August was 1,376,538, compared to 1,390,087 in the previous month.
Volumes and Trades – Financial Derivatives
Interest rate futures (DI) totaled in August 9,773,986 contracts traded, in contrast to 12,309,223 in July. The US dollar futures ended the month totaling 6,393,595 contracts compared to 5,528,420 contracts in the previous month. The Ibovespa futures traded 1,260,120 contracts in August, compared to 1,202,575 in the last month. The Euro futures contract (EUR) registered 13,710 contracts, in contrast to 3,095 contracts in July.
Open-interest contracts ended the last trading day of August with 20,333,146 positions, compared to 18,244,808 in July.
Volumes and Trades – Agribusiness Derivatives
In August, the agribusiness derivatives market on BM&FBOVESPA (including futures and options) totaled 171,929 contracts traded, compared to 169,150 in July. Agribusiness markets totaled 75,378 open interest contracts at the end of the last trading day of August. In July, these contracts totaled 83,465.
In August, live cattle totaled 70,813 contracts, compared to 74,444 (July); Arabica coffee totaled 68,896, compared to 52,688 (July); soybean totaled 6,270, compared to 13,993 (July). Corn futures with financial settlement totaled of 25,950 contracts, in contrast to 28,025 in the previous month.
Volumes and Trades - Minicontracts
The derivatives market for mini contracts traded 1,081,139 contracts in the month of August, compared to 993,608 in July. Of this total, the futures market for Ibovespa mini contracts traded 1,031,748, compared to 939,290 contracts in the previous month. Mini U.S. dollar futures traded 47,475 contracts, compared to 52,123 in July. Mini futures contracts ended August with 16,231 open interest contracts, in contrast to 20,431 in the previous month.
Volumes and Trades – Spot Gold
The spot gold market (250 grams) traded, in August, 899 contracts, compared to 857 contracts in July. Spot gold market volume totaled BRL 12.57 million, compared to BRL 12.29 million in the previous month.
Investor Participation
In August, financial institutions led derivatives trading (BM&F segment), responsible for 43.17% of contracts traded, compared to 45.20% in the previous month. Institutional investors were responsible for 27.13%, compared to 24.50%; foreign investors represented 18.88%, in contrast to 20.24%; individuals represented 8.61% compared to 7.37%; and companies, were responsible for 2.21%, versus 2.69%.
Individual Investors
In August, there were 82,210 individual investors with at least one account registered at the Derivatives Clearinghouse, compared to 66,510 in the previous month.