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Highlights for the period:
- Securities lending transactions
and BRL 43.5 billion volume hit record levels
- In August, there were 296,668
agribusiness futures and options contracts traded, the highest amount in 23
months.
Bovespa Segment
In
August 2010, equity markets (Bovespa segment) traded BRL 123.9 billion, in
8,970,847 trades, in comparison to July when total volume reached BRL 113
billion and 8,299,960 trades. Daily averages in August were BRL 5.63 billion
and 407,766 trades against BRL 5.38 billion and 395,236 in July.
Equities
The
most traded stocks in August were Vale PNA, at BRL 13.41 billion; Petrobras PN,
at BRL 10.41 billion; OGX ON, at BRL 5.23 billion; Itauunibanco PN, at BRL
4.31 billion; and BM&FBOVESPA ON, at BRL 3.4 billion.
Indexes
The
Ibovespa ended August at 65,145 points, down 3.51% from the previous month.
The
best performing stocks were: Net PN (+17.76%); Braskem PNA (+17.18%); TAM PN
(+16.49%); OGX ON (+12.32%); and Ultrapar PN (+8.57%). The worst performing
stocks were: B2W Varejo ON (-17.16%); JBS ON (-13.37%); Cyrela ON (-11.94%);
Usiminas PNA (-11.01%); and Vivo PN (-10.31%).
All
of the other Bovespa segment stock exchange indexes ended August as follows:
IBrX-50 (-3.99% at 8,883 points); IBrX-100 (-3.38% at 20,435 points); ISE
(-3.74% at 1,910 points); Itel (-4.01% at 1,310 points); IEE (+3.49% at 25,738
points); INDX (-4% at 10,022 points); IVBX-2 (-2.48% at 5,665 points); IGC
(-1.90% at 6,947 points); Itag (-2.07% at 9,071 points); Small Cap (+0.35% at
1,275 points); MidLarge Cap (-3.53% at 899 points); Iconsumo (-0.19% at 1,459
points); Imobiliário (-4.71% at 954 points); and Ifinanceiro (-3.87% at 3,501
points).
Market Value
Market
capitalization of the 375 companies listed on the BM&FBOVESPA in August was
BRL 2.24 trillion, compared to BRL 2.29 trillion for the 374 companies listed
in July.
Special Corporate Governance Levels
At
the end of August, the 162 companies that are part of the
BM&FBOVESPA’s special corporate governance levels represented 68.71%
of market capitalization, 77.48% of financial volume and 80.06% of trades in
the spot market. At the end of July, there were 161 companies representing
68.53% of market capitalization, 80.11% of financial volume and 79.96% of spot
market trades.
Market Participation
The
spot market accounted for 93.5% of total trading volume in August, followed by
the options market with 4.6% and the forward market with 1.9%. The after-market
traded BRL 1.22 billion, with 91,512 trades, compared to BRL 931.8 million and
75,150 trades in the previous month.
Investor Participation
In
August, institutional investors were responsible for 35.03% of the total
volume, compared to 36.17% in July. Foreign investors came next, with 28.18%
compared to 27.72%; individual investors, with 27.10%, compared to 27.56%;
financial institutions, with 7.66%, compared to 6.51%; companies, with 1.97%,
compared to 1.99%; and other types of investors, with 0.07%, compared to 0.04%.
Foreign Investment
The net flow of foreign investment into the
Brazilian stock market in 2010 as of August 31 reached BRL 13,280,316,189.1,
which resulted from BRL 13.314.923.135.1 in acquisitions by foreign investors
in stock offerings (including BRL 12.8 billion registered in Brazil) and a net
foreign outflow of BRL 34,606,946.0 from direct trading at BM&FBOVESPA.
In August, the financial volume traded by foreign investors in the stock
exchange was a negative BRL 604,114,885.0, which is the net balance between
stock sales of BRL 35,048,875,159.0 and stock purchases of BRL 34,444,760,274.0.
The foreign investor participation in stock
offerings, including IPOs, represented 53.9% of the total BRL 24,695,609,643.00
in transactions related to the publication of the closing announcement dates, ending
on September 2, 2010, pursuant to information available on the Exchange’s
website, under the media section.
See stock
offering and IPO data
Investment Clubs
BM&FBOVESPA
ended August with 3,121 investment clubs and 51 new registrations. Total liquid
assets reached BRL 13.21 billion and the number of participants reached
137,322, according to the latest data available for July.
Individual Investors
BM&FBOVESPA
ended August with 597,560 individual investor stock exchange accounts in
custody, compared to 598,352 in July.
Home Broker
Average
daily trading via Home Broker hit 243,492 trades in August, compared to 229,263
in July. The total number of trades reached 5,356,824, compared to 5,043,787 in
the previous month. The volume in Home Broker trades totaled BRL 45.08 billion,
compared to BRL 42.19 billion in July. The number of investors placing orders
stood at 201,860, compared to 196,370 in July. Home Broker’s
participation in the stock market’s total volume in August was 29.90%,
compared to 30.40% in July. In August, the number of brokerage firms offering
Home Broker was 66 against 67 in July.
Securities Lending
In
August, the total number of securities lending transactions reached a new
record of 92,405, exceeding the previous record of 87,848 in May 2010 and
compared to 85,299 in July. Financial volume was also a new record in August,
of BRL 43,507,108,637.75, from the previous record of BRL 38,521,228,010.85, in
April 2010. In July, financial volume was 33.48 billion.
Fixed Income
In
August, the trading volume for the secondary market, counting both the Bovespa
Fix and Soma Fix, totaled BRL 20.02 million, compared to BRL 21.18 million in
July. Of this total, debentures accounted for BRL 12.21 million and Mortgage
Backed Securities (CRI) BRL 7.80 million.
Understand the Fixed Income, Bovespa Fix and Soma Fix markets
ETFs
The
financial volume registered in August by the seven BM&FBOVESPA
Exchange-Traded Funds (ETFs) reached BRL 598.09 million, in contrast to BRL
560.39 million in July. The ETFs BRAX11, CSMO11, MOBI11, BOVA11, SMAL11, MILA11
and PIBB11 registered 17,293 trades. In the previous month, the number of
trades was 10,918. In August, the ETF with the highest financial volume was ETF
BOVA11, with BRL 508.23 million, in comparison to its total financial volume of
BRL 453.40 million in July.
BM&F Segment
Derivatives
markets in the BM&F segment (including financial and commodities
derivatives) totaled 53,717,663 contracts and BRL 3.44 trillion in August,
compared to 60,110,831 contracts and BRL 4.60 trillion in July. The daily
average of contracts traded in the derivatives markets in August was de
2,441,712 contracts, in contrast to 2,862,421 in July. Open interest contracts
ended the last trading day of August with 39,756,260 positions, compared to
32,472,046 in July.
Financial Derivatives
In
August, interest rate futures (DI) traded 26,000,110 contracts, in contrast to
30,265,900 in July. US dollar futures ended the month of August with 5,730,635
contracts, compared to 6,097,756 in the previous month. Ibovespa futures traded
1,545,970 contracts, compared to 1,333,730 in July. The Euro futures contract
(EUR) registered 40,530 contracts, in contrast to 17,285 contracts in July. The
five new currency futures contracts, launched on June 31, 2010 (for Australian
Dollar, Canadian Dollar, Japanese Yen, Pound Sterling, and Mexican Peso)
totaled 30,101 contracts traded, compared to 7,845 in July. Of the August
total, Pound Sterling futures contracts accounted for 15,260 contracts
Agribusiness Derivatives
In
August, the BM&FBOVESPA agribusiness derivatives market (including futures
and options) totaled 296,668 contracts traded, compared to 196,534 in July.
This was the highest in 23 months. Agribusiness markets totaled 182,995 open
interest contracts in August, in contrast to 166,309 in July.
Live
cattle futures and options totaled 140,230 contracts traded in August, compared
to 86,154 in July. Arabica coffee ended August with 86,309 contracts, compared
to 68,346 in July. Soybeans totaled 16,357 contracts, compared to 12,035 in
July and cash-settled corn futures and options ,totaled 50,890 contracts
traded, compared to 28,431 in July. Hydrous ethanol futures totaled 2,882
contracts, compared to 1,568 in July.
Click
here to see the monthly agribusiness report for August
Mini Contracts
The
derivatives market for mini contracts traded 1,667,573 contracts in August,
compared to 1,508,081 in July. Of this total, the futures market for Ibovespa
mini contracts traded 1,529,792, compared to 1,354,136 contracts the previous
month. Mini U.S. dollar futures traded 135,544 contracts, compared to 152,020
in July. Mini futures contracts ended August with 16,516 open interest
contracts, compared to 24,173 the previous month.
Spot Gold
The
spot gold market (250 grams) traded 657 contracts in August, compared to 828 in
July. Spot gold market volume totaled BRL 11.89 million in August, compared to
BRL 15 million in the previous month
Investor Participation
In
August, financial institutions led derivatives trading (BM&F segment),
accounting for 42.05% of contracts traded, compared to 41.34% in the previous
month. Institutional investors were responsible for 29.39%, compared to
31.97%; foreign investors for 22.93%, compared to 22.43%; individuals for
4.16%, compared to 2.98%; and companies for 1.46%, versus 1.29%.
Individual Investors
In
August, there were 121,235 individual investors with at least one account
registered at the Derivatives Clearing house, compared to 117,286 during the previous
month.
Volumes
and trades by Direct Market Access (DMA)
BM&F
Segment
In August, BM&F* market segment transactions carried out through order
routing via
Direct Market Access (DMA) registered 17,845,683 contracts traded and 2,169,097 trades. In July the volume reached 17,219,831
contracts traded and 2,120,874 trades.
The
volumes registered by each access modality in the BM&F segment were as
follows:
Traditional
DMA – 7,775,356 contracts traded in 810,900 trades, in comparison to
7,716,142 contracts and 721,072 trades in July;
Via DMA provider
(including orders routed via the Globex System) – 6,635,194 contracts
traded, in 309,268 trades, compared to 6,337,897 contracts and 388,950 trades
in July;
DMA via
co-location – 3,435,133 contracts traded in 1,048,929 trades, compared to
3,165,792 contracts and 1,010,852 trades in July.
In August,
transactions carried out by foreign investors presented by CME to BVMF (who use
the Globex-GTS order routing system or access BVMF markets via co-location)
totaled 3,481,379
contracts traded, in 884,013 trades, compared to 3,530,368 contracts and
1,004,407 trades in July.
* Direct access to the
BM&F market segment is carried out through DMA models 1, 2, 3 and 4. In
model 1 or traditional DMA, the client accesses the GTS through technological
intermediation of a brokerage house. In model 2 or via DMA provider, the client
does not use the technological intermediation of a brokerage house, but rather
connects to the system through an authorized access provider. DMA via order
routing with CME Globex is also a form of DMA model 2. In model 3, the client
connects to the system through a direct connection. In model 4 or via
co-location, the client installs its own computer within the Exchange’s
facilities.
Bovespa
Segment
In August,
BOVESPA* market segment transactions carried out through ordering via Direct
Market Access (DMA) registered a financial volume of BRL 129,844,458,000.00 and
13,204,534 trades. In July the financial volume was BRL 118,800,665,000.00 and
12,123,532 trades.
*
Direct access to the Bovespa market segment is carried out through DMA model 1.
Also known as the traditional model, in this type of DMA the client accesses
the Mega Bolsa through the technological intermediation of a brokerage house.
Notes:
The
volumes registered by access modality include both buy and sell sides of a
trade.
