In March 2009, equity markets (BOVESPA segment) traded BRL88.94 billion, totaling 6.34 million trades. In February, total volume reached BRL73.94 billion, in 5.04 million trades. All stock market indexes ended March up. The stock market benchmark index, the Ibovespa, ended the month 7.1% higher at 40,925 points.
Derivatives markets in the BM&F segment (including financial and commodities derivatives) totaled 38,353,286 contracts and BRL3.03 trillion in volume in March. That compares to 22,493,639 contracts and volume of BRL1.84 trillion in February. The daily average of contracts in the derivatives markets in March was 1,743,331, compared to 1,249,647 the previous month. The session on March 12th ended with 3,369,707 contracts traded, the highest daily contract volume so far in 2009.
BOVESPA (EQUITIES) SEGMENT
Volumes and Trades – Equities, Equities Derivatives and Fixed-Income
The Bovespa markets reached a total volume of BRL88.94 billion in 6.34
million trades in March, with daily averages of BRL4.04 billion and 288,200
trades, respectively. In February, total volume reached BRL73.94 billion in 5.04
million trades. February’s daily averages reached BRL4.11 billion and 280,152
trades.
Most traded stocks in March were: Petrobras PN, with BRL16.51 billion; Vale R Doce PNA, with BRL12.39 billion; Petrobras ON, with BRL4.23 billion; ItauUnibanco PN, with BRL3.18 billion; Bradesco PN, with BRL3.14 billion.
Indexes
The Ibovespa ended March 7.1% higher at 40,925 points. Best performing stocks
were Cyrela Realt ON (+30.40%); Brasil ON (+23.10%); ALL Amer Lat UNT (+20.93%);
BMF Bovespa ON (+18.15%); and Embraer ON (+17.91%). Worst performing stocks
were: Gol PN (-29.48%); TAM S/A PN (-21.36%); Vivo PN (-19.53%); TIM Part S/A PN
(-13.99%); and Braskem PNA (-10.59%).
In addition to the Ibovespa, the remaining stock-exchange indexes also ended March up: Imobiliário (+20.5% at 353 points); ITAG (+9.7% at 4,904 points); ISE (+9.1 % at 1,188 points); IBrX-50 (+7.9% a 6,175 points); MidLarge Cap (+7.9% at 631 points); IGC (+7.6% at 3,878 points); INDX (+7.6% a 5,358 points); IBrX-100 (+7.3% at 13,807 points); IVBX-2 (+4.5% at 3,496 points); Iconsumo (+4.5 % at 729 points); IEE (+3.5% at 16,733 points); Small Cap (+2.6% at 481 points); and ITEL (+0.7% a 1,079 points)
Market Value
Market value (market capitalization) of the 387 companies listed on the BM&FBOVESPA
in March was BRL1.48 trillion, compared to BRL1.42 trillion concerning 389
listed companies in February.
Special Corporate Governance Levels
The 159 companies part of the BM&FBOVESPA’s special corporate governance
levels at the end of March represented 57.15% of the market capitalization,
65.68% of trading volume, and 75.19% of the trades in the spot market.
Market Participation
The spot market accounted for 92.5% of total trading volume in March, followed
by the options market, with 5.6%, and by the forward market, with 1.9%. The
after market traded BRL713.06 million with 77,013 trades, compared to BRL575.03
million and 52,383 trades in the previous month.
Fixed Income
In March, the secondary market’s trading volume totaled BRL8.63 million,
compared to BRL56.67 million in February, in both Bovespa Fix and Soma Fix. Of
this total, BRL1.27 million concerned Credit Receivables Investment funds (FIDC),
and BRL7.36 million in debentures.
BM&F (Derivatives and Futures) SEGMENT
Volumes and Trades – Financial Derivatives
Interest rate futures (DI) was one of March’s highlights, totaling 20,549,455
contracts, compared to 9,754,760 in February. The US dollar futures ended the
month totaling 5,329,265 contracts compared to 4.104,005 contracts in the
previous month. The Ibovespa futures traded 1.426,024 contracts in March,
compared to 1,220,443 in the last month. Open-interest contracts ended the last
trading day of March with 15,707,000 positions, compared to 13,754,087 in
February.
Volumes and Trades – Agribusiness Derivatives
In March, the agribusiness derivatives market on BM&FBOVESPA (including
futures and options) totaled 188,576 contracts traded, compared to 131,923 in
February. Live cattle registered 104,239 contracts traded, compared to 56,503 in
the previous month. Arabica coffee totaled 48,117 contracts, compared to 44,060
in February.
Soybeans totaled 22,539 contracts, compared to 16,289 (in February) and corn, 4,505 contracts, compared to 8,180 (in February). Agribusiness markets totaled 76,967 open interest contracts at the end of the last trading day of March. In February, these contracts totaled 73,919.
Volumes and Trades - Minicontracts
The derivatives mini contracts market traded 1,334,323 contracts in the month of
March, compared to 912,060 in February. Of this total, the futures market of
Ibovespa mini traded 1,300,085, compared to 892,271 contracts in the previous
month. The mini U.S. dollar futures traded 29,622 contracts, compared to 16,947
in February. Mini futures contracts ended March with 27,193 open interest
contracts, compared to 9,261 in the previous month.
Volumes and Trades – Spot Gold
The spot gold market (250 grams) traded, in March, 1,143 contracts, compared to
1,327 contracts in February. Spot gold market volume totaled BRL19.37 million,
compared to BRL23.04 million in the previous month.
BOVESPA (Equities) SEGMENT
Investor Participation
In March, foreign investors were responsible for 34.01% of the total volume,
compared to 35.53% in February. Individuals took second place, with 33.82%,
compared to 32.74%; institutional investors had 23.64%, compared to 22.93%,
financial institutions, with 6.60%, compared to 6.79%; companies, with 1.87%,
compared to 1.93%; and other types of investors, 0.05%, compared to 0.09%.
Foreign Investment
Foreign investment flow in the Brazilian stock market in 2009 is positive as of
March 31, in the order of BRL1,338,942,427.00, the result of
BRL80,819,565,649.00 in shares sold and BRL82,158,508,074.00 in shares bought.
In month of March, the balance of foreign investor trading on BM&FBOVESPA was positive, in the order of BRL1,440,881,758.00, a result of selling worth BRL29,467,411,910.00 and purchases worth BRL30,908,293,668.00
Individual Investors
The BM&FBOVESPA ended March with 525,603 individual investor accounts in
custody. The stock exchange had 534,288 such accounts in February.
Investment Clubs
The BM&FBOVESPA ended March with 2,790 investment clubs and 41 new
registrations. Total liquid asset reached BRL7.7 billion and the number of
participants reached 147,094, according February data, the latest available.
Home Broker
Volume in Home Broker trades totaled BRL31.80 billion, compared to BRL24.93
billion in February. Home Broker’s average daily volume reached BRL1.44
billion, compared to BRL1.38 billion, and the average amount per transaction
BRL9, 820, compared to BRL10,190; total number of trades reached 3,534,371
compared to 2,899,047; and daily average reached 160,653, compared to 161,058.
Home Broker’s participation in the stock market’s March’s total volume was 17.90%, compared to 16.90% in February, while total number of trades reached 27.90%, compared to 28.70%. The number of investors placing orders stood at 165,345, compared to 153,831 in February. In March, the number of brokerage firms offering Home Broker was 62, the same as in February.
BM&F (Derivatives and Futures) Segment
Investor Participation
Financial institutions led derivatives trading (BM&F segment), responsible
for 46.87% of contracts negotiated, compared to 48.54% in the previous month.
Institutional investors were responsible for 23.11%, compared to 19.19%; foreign
investors, 18.04%, compared to 19.20%; individuals, 8.79% compared to 9.56%; and
companies, with 3.19%, versus 3.51%.
Investidores Individuais
Individual Investors
In March, there were 63,308 individual investors* with at least one account
registered at the Derivatives Clearinghouse, compared to 48,329 in the previous
month.
*Starting in March 2009, those with at least one active account in the derivatives clearinghouse registry are considered part of the BM&F segment’s total number of investors. Investors with more than one active account are counted only once. The previous count tallied all individual taxpayer registry numbers (CPF), including those linked to inactive accounts.
