BM&FBOVESPA Announces November Market Performance

BM&FBOVESPA’s equities and fixed-income markets traded BRL71.70 billion in November in a total of 5.54 million trades, in comparison to BRL122.54 billion traded and 5.54 million transactions in the previous month. The number of individual investors reached 548,700 people, from 542,100, and participation of these investors in terms of trading volume reached 34.03%.

Derivatives (including financial and agribusiness) totaled 20.49 million contracts and BRL 1.62 trillion in trading volume in November, in comparison to 33.44 million contracts and trading volume of BRL2.67 trillion in the previous month. The daily average of contracts in the derivatives markets in November was 1.08 million, compared to 1.45 million in October.

Equities and Fixed-Income Markets

Volumes and transactions

Trading volume in the equities and fixed-income markets reached BRL71.70 billion in November, compared to BRL 122.54 billion in October. Average daily trading volume reached BRL3.77 billion, compared to BRL5.33 billion in the previous month.

Trades reached 5.54 million in November, for a daily average of 291.890 transactions. In October, these stood at 7.76 million and 337.448, respectively.

The most traded stocks in November were Petrobras PN, with BRL13.33 billion; Vale R Doce PNA, with BRL8.83 billion; Itaubanco PN, with BRL2.81 billion; Bradesco PN, with BRL2.56 billion; and Vale R Doce ON, with BRL2.18 billion.

Check Daily Market Data

Indexes

The Ibovespa ended November down 1.7% at 36,595 points.

The best performing stocks were Nossa Caixa ON (+96.59%); CESP PNB (+35%); JBS ON (+27.85%); Ultrapar PN (+27.85%) and TIM Part S/A ON (+27.85%).

The poorest performing stocks were Gafisa ON (-42.60%); VCP PN (-39.78%); Braskem PNA (-33.48%); TAM S/A PN (-32.58%); and Cyrela Relat ON (-26.04%).

In addition to the Ibovespa, the following indexes ended lower in November: IBrX-50 (-3.5% at 5,328 points); IBrX-100 (-2.2% at 12,102 points); ISE (-2.2% at 1,218 points); INDX (-5.7% at 5,077 points); Small Cap (-2.5% at 475 points); and MidLarge Cap (-2.1% at 547 points).

The indexes closing the month higher were ITEL (+15.9% at 1,070 points); IEE (+9.8% at 15,785 points); IVBX-2 (+4.3% a 3,529 points); IGC (+0.8% at 3,668 points); and ITAG (+2.3% at 4,749 points).

Learn About Features and Performances Of All Stock Indexes

Market Capitalization

Market capitalization of the 393 companies listed on the BM&FBOVESPA was BRL1.35 trillion in November, compared to BRL1.38 trillion for the 396 companies listed in October.

Special Corporate Governance Levels

The 163 companies that were part of the special corporate governance levels at the end of November represented 61.91% of the market capitalization, 67.74% of trading volume, and 73.86% of the trades in the BM&FBOVESPA spot market.

Learn More About Corporate Governance.

Market Participation

The spot market accounted for 94.5% of total trading volume in November, followed by the options market, with 3.8%, and by the forward market, with 1.7%. The after market traded BRL660.8 million, with 63,764 trades, compared to BRL639.6 million and 83,434 transactions in October

Fixed Income

In November, one Credit Receivables Investment Fund (FIDC) and two series of debentures were listed on BM&FBOVESPA’s fixed-income markets. The secondary market’s trading volume totaled BRL26.92 million, compared to BRL65.47 million in October, including trades on Bovespa Fix and Soma Fix. FDIC accounted for BRL23.66 million of the total, debentures for BRL1.10 million, and CRI for BRL2.16 million.

Learn About Fixed-Income Markets, Bovespa Fix and Soma Fix

Derivatives Market

Derivatives

ID Interest futures totaled 6.92 million contracts, compared to 13.77 million in October.
US Dollar Futures traded 4.95 million contracts, compared to 8.09 million in the previous month. Ibovespa futures traded 1.4 million contracts, compared to 2.29 million in October.

Open interest contracts ended the last trading day of November with 18.44 million transactions, compared to 18.65 million in October.

Check General Volumes

Agribusiness Derivatives

The BM&FBOVESPA’s agribusiness derivative markets totaled 161,530 contracts in November, compared to 283,552 in the previous month. The live cattle market reached 89,095 contracts, compared to 169,836 contracts in the previous month. Arabica coffee added up to 45,488 contracts, compared to 67,018 in October. Soybeans reached 13,349 contracts, compared to 19,333 in the previous month; and corn, 11,925 contracts, compared to 25,333.

Agribusiness markets totaled 67,940 open interest contracts at the end of the last trading day of November. In October, open interest contracts totaled 75,299.

Check the Monthly Agribusiness Summary For November

Mini contracts

In November, 831,524 “mini” derivative contracts were traded, through Webtrading. That compares to 1.04 million in October.

Mini dollar futures markets totaled 11,280 contracts, compared to 15,545 in October. The mini Ibovespa futures totaled 819,704 contracts, compared to 1.03 million in the previous month.

Mini futures contracts ended November with 19,564 open interest contracts, compared to 9,534 in the previous month.

Spot Dollar and Spot Gold

BM&FBOVESPA’s spot dollar market ended November with 3,544 transactions, compared to 4,998 in October. Volume was BRL13.1 billion, compared to BRL26.9 billion in the previous month

Gold (250 grams) spot market traded 743 contracts in November, compared to 1,947 in October. Gold spot market’s trading volume totaled BRL10.28 million in November, compared to BRL27.27 million in the previous month.

Investors Participation

Equities

Individual investors topped the financial transactions in the equities market in November, accounting for 34.03% of the total volume, compared to 29.70% in October. Foreign investors took second place, with 33.51% compared to 36.86%; institutional investors accounted for 23.78%, compared to 24.42%; financial institutions, with 5.37% compared to 5.95%; companies, with 3.11% compared to 2.90%; and other types of investors, 0.19% compared to 0.18%.

Foreign Investment

As of the end of November, foreign investment flows into the Brazilian equity markets are negative for the year, at a negative BRL4,416,983,718.50, a result of BRL19,773,442,885.50 in shares bought by foreign investors in stock offerings and BRL24,190,426,604.00 sold by these investors in the BM&FBOVESPA.

In November, foreign investor trading on BM&FBOVESPA fell to the negative balance of BRL1,156,895,207.00, a result of the selling of BRL24,557,116,869.00 and the purchase of BRL23,400,221,662.00 in stocks.

Foreign investor participation in stock offerings, including initial public offerings, represented 48.1% of BRL41,088,182,386.20 in transactions that had announcements of closing of public offering of stock published by December 2, 2008, as shown on table available on the Press and Media section of BM&FBOVESPA’s website.

More Statistics about IPOs

Derivatives

Financial investors led transactions in the derivatives markets, responsible for 44.64% of the contracts traded in November, compared to 52.45% in October; institutional investors accounted for 21.69%, compared to 16.20%; foreign investors, 20.57%, compared to 22.43%, individual investors, with 10.24%, compared to 5.40%; and non-financial investors, with 2.86%, compared to 3.53%.

Individual investors

Equities – Individual Investors

The BM&FBOVESPA tallied 548.706 individual investor accounts at the end of November, compared to 542.142 in the previous month.

Equities – Investment Clubs

Investors created 33 investment clubs in November, which brought the number of new registrations to 774 in 2008. All told, the bourse ended November with 2,765 investment clubs. Their net worth totals BRL8.44 billion and the number of participants is at 149,301 as of October, the latest available figure.

Home Broker

Home Broker transactions in November were as follows: total volume of BRL25.74 billion, compared to BRL35.7 billion in October; average daily volume of BRL1.35 billion, compared to BRL1.55 billion; average amount per transaction of BRL9,036.81, compared to BRL8,328,93; total number of transactions, 3.23 million, compared to 4.22 million; and daily average of 170,129 transactions, compared to 183,796.

Home broker participation in the stock market’s November volume was 18%, compared to 14.06% in the previous month, while in terms of total number of transactions that participation reached 29.10%, compared to 27.20%. The number of investors placing orders stood at 168,467, compared to 206,311 in October. Sixty brokerage firms offered the service in November, one more than in the previous month.

Derivatives

In November, the derivatives clearinghouse registration system had 79,509 individual taxpayer registry (CPF) numbers.