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- Bovespa segment sets records in financial volume daily averages, number of trades, Home Broker, and individual investor accounts.
- In the BM&F segment, Ibovespa futures market surpasses 2 million contracts traded.
In October 2009, equity markets (Bovespa segment) registered historic marks in financial volume daily averages, which totaled BRL 7.34 billion, with 436,250 trades. The October volume was BRL 154.25 billion, with 9,161,252 trades. Home Broker, a web-based equities trading system, set six trading records, and reached its highest trading volume ever with BRL 60.99 billion and the number of individual investor accounts came to 555,768 for the first time.
Derivatives markets in the BM&F segment (including financial and commodities derivatives) totaled 34,670,732 contracts and BRL 2.38 trillion in volume in October. That compares to 31,505,077 contracts and a volume of BRL 2.12 trillion in September. The daily average of contracts in the derivatives markets in October was 1,650,987, compared to 1,500,242 in the previous month. BM&F segment highlight for October was the Ibovespa futures market that jumped from 1,443,420 contracts traded in September, to 2,304,720 traded in October.
Volumes and Trades – Equities, Equities Derivatives and Fixed Income
The Bovespa markets reached a total volume of BRL 154.25 billion in 9,161,252 trades in October, with daily averages of BRL 7.34 billion and 436,250 trades, respectively. In September, total volume reached BRL 114.23 billion in 7,143,911 trades. September daily averages reached BRL 5.43 billion and 340,186 trades.
The most traded stocks in September were: Vale PNA, with BRL 15.05 billion; Petrobrás PN, with BRL 12.77 billion; Itauunibanco PN, with BRL 5.26 billion; BMFBovespa ON , with BRL 5.23 billion; and OGX Petróleo ON, with BRL 5.16 billion.
Indexes
The Ibovespa ended October 0.04% higher at 61,545 points. Best performing stocks were: CCR Rodovias ON (+14.81%); Bradespar PN (+11.81%); Gerdau PN (+10.74%); Vale ON (+9.95%); and TAM S/A PN (+9.78%).Worst performing stocks were: Rossi Resid On (-17.26%); Aracruz PNB(-16.71%); VCP ON (-16.41%); Embraer ON (-12.78%); and BMFBovespa ON (-12.71%).
In addition to the Ibovespa, the following stock exchange indexes also ended September up: IBrX-50 (+0.22% at 8,709 points); IBrX-100 (+0.35% at 19,642 points); ITEL (+0.74% at 1,362 points); INDX (+1.40% at 9,100 points); Small Cap (+2.62% at 993 points); MidLarge Cap (+0.20% at 874 points); and Iconsumo (+1.49% at 1,207 points). The remaining stock exchange indexes ended September down: ISE (-3.56% at 1,701 points); IEE (-1.09% at 22,086 points); IVBX-2 (-0.79% at 5,008 points); IGC (-0.43% at 6,033 points); ITAG (-1.76% at 7,835 points); and Imobiliário (-4.42% at 817 points).
Market Value
Market capitalization of the 387 companies listed on BM&FBOVESPA in October was BRL 2.11 trillion, compared to BRL 2.09 trillion, which represented the 386 companies listed in August.
Special Corporate Governance Levels
The 159 companies that compose BM&FBOVESPA's special corporate governance levels represented, at the end of September, 64.65% of the market capitalization, 78.83% of trading volume, and 81.87% of the trades in the spot market.
Market Participation
The spot market accounted for 93.3% of total trading volume in September, followed by the options market, with 4.9%, and by the forward market, with 1.8%. The after-market traded BRL 1.66 billion with 124.268 trades, compared to BRL 1.46 billion and 118,653 trades in the previous month.
Investor Participation
In October, foreign investors were responsible for 33.67% of the total volume, compared to 32.70% in September. Individual investors came next, with 30.53%, compared to 31.01%; institutional investors had 24.80%, compared to 25.90%; financial institutions, with 8.99%, compared to 8.20%; companies, with 1.95%, compared to 2.12%; and other types of investors, 0.06%, compared to 0.07%.
Foreign Investment
The net flow of foreign investment into the Brazilian stock market in 2009 as of October 30 is a positive BRL 32.88 billion, which is the combined result of the amount of BRL 13.73 billion in acquisitions carried out by foreign investors in the stock offerings and the positive balance of BRL 19.15 billion in direct trading at BM&FBOVESPA.
In October, the financial volume traded by foreign investors in the stock market is a positive BRL 1.14 billion, which is the net balance between stock sales of BRL 51.13 billion and stock purchases of BRL 52.27 billion.
The foreign investor participation in stock offerings, including IPOs, represented 57.6% of the total BRL 23.84 billion in transactions related to the publication of the closing announcement dates ending on November 4, 2009.
Individual Investors
BM&FBOVESPA ended October with 555,768 individual investor accounts in custody. The stock exchange had 515,506 such accounts in September.
Investment Clubs
BM&FBOVESPA ended August with 2,854 investment clubs and 50 new registrations. Total liquid asset reached BRL 12.31 billion and the number of participants reached 144,049, according to the latest available August data.
Home Broker
In October, trading via Home Broker registered the following records: volume totaled BRL 60.99 billion, compared to BRL 44.20 billion in September; average daily volume reached BRL 2.90 billion, compared to BRL 2.10 billion; total number of trades reached 5,973,285 compared to 4,474,883 in September; the daily average of trades stood at 284,442, in contrast to 213,090; the average amount per transaction totaled BRL 12,813, compared to BRL 10,862 ; participation in the stock market's total volume in September was 19.80%, compared to 19.40% in August.
The total number of trades reached 32.60%, compared to 31.30%. The number of investors placing orders stood at 249,027, compared to 215,861in September. In October, the number of brokerage firms offering Home Broker was 67, compared to 68 in September.
Securities Lending
The financial volume of stock lending transactions in the Securities Lending Bank (BTC) reached BRL 29.54 billion in October, in comparison to BRL 28.74 billion in September. The total number of trades reached 63.642, compared to 63,477 in the previous month.
Fixed Income
In October, the trading volume for the secondary market, counting both the Bovespa Fix and the Soma Fix, totaled BRL 10.42 million, compared to BRL 66.83 million in September. Of this total, debentures accounted for BRL 4.19 million, Real Estate Receivables Certificates (CRI) accounted for BRL 5.35 million, and Credit Receivables Investment funds (FIDC) accounted for BRL 0.88 million.
ETFs
The financial volume registered in October by the four BM&FBOVESPA Exchange-Traded Funds (ETFs) reached BRL 537.95 million, in contrast to BRL 557.86 million in September. ETFs BOVA11, SMAL11, MILA11, and PIBB11 registered 7,411 trades. In the previous month, the number of trades was 8,366. ETF BOVA11 reached the highest financial volume in October, with BRL 435.64 million, in comparison to BRL 484.17 in September.
BM&F Segment (Derivatives and Futures)
Derivatives markets in the BM&F segment (including financial and commodities derivatives) totaled 34,670,732 contracts and BRL 2.38 trillion in volume in October. That compares to 31,505,077 contracts and a volume of BRL 2.12 trillion in September. The daily average of contracts traded in the derivatives markets in October was 1,650,987, compared to 1,500,242 in the previous month.
Volumes and Trades – Financial Derivatives
Interest rate futures (ID) totaled in October 12,104,485 contracts traded, in contrast to 12,469,090 in September. The US dollar futures ended the month totaling 7,033,995 contracts compared to 5,959,815 contracts in the previous month. The Ibovespa futures traded 2,304,720 contracts in September, compared to 1,443,420 in the last month. The Euro futures contract (EUR) registered 14,970 contracts, in contrast to 5,330 contracts in August.
Open interest contracts ended the last trading day of October with 21,153,325 positions, compared to 21,993,232 in September.
Volumes and Trades– Agribusiness Derivatives
In October, the BM&FBOVESPA agribusiness derivatives market (including futures and options) totaled 197,101 contracts traded, compared to 151,582 in September. Agribusiness markets totaled 61,356 open interest contracts at the end of the last trading day of October. In September, these contracts totaled 74,238.
Volumes and Trades - Minicontracts
The derivatives market for mini contracts traded 1,334,414 contracts in the month of October, compared to 1,177,213 in September. Of this total, the futures market for Ibovespa mini contracts traded 1,264,865 compared to 1,103,632 contracts in the previous month. Mini U.S. dollar futures traded 68,272 contracts, compared to 72,085 in September. Mini futures contracts ended October with 18,575 open interest contracts, in contrast to 27,498 in the previous month.
Volumes and Trades – Spot Gold
The spot gold market (250 grams) traded, in October, 1.137 contracts, compared to 1.216 contracts in September. Spot gold market volume totaled BRL 16.66 million, compared to BRL 17.70 million in the previous month.
Investor Participation
In October, financial institutions led derivatives trading (BM&F segment), being responsible for 42.49% of contracts traded, compared to 43.86% in the previous month. Institutional investors were responsible for 27.12%, compared to 26.77%; foreign investors represented 21.66%, in contrast to 20.31%; individuals represented 6.83% compared to 7.16%; and companies, were responsible for 1.90%, the same as the previous month.
Individual Investors
In October, there were 87.089 individual investors with at least one account registered at the Derivatives Clearinghouse, compared to 85,033 in the previous month.
