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BM&FBOVESPA’s equity and fixed-income markets traded BRL73.94 billion in February 2009, in a total of 5.04 million transactions. In January these totals were BRL75.51 billion and 5.59 million respectively.
Derivatives markets (including financial and commodities derivatives) totaled 22.49 million contracts and BRL1.84 trillion in volume in February. That compares to 28.40 million contracts and BRL2.45 trillion in trading volume in the previous month. The daily average of contracts in the derivatives markets in February was 1.25 million, compared to 1.35 million last month.
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1. Equities and Fixed-Income Markets
2. Fixed Income
3. Derivatives Markets
4. Spot Gold
5. Investors Participation
6. Individual Investors
1. Equities and Fixed-Income Markets
Volumes and transactions
In February 2009, the BM&FBOVESPA’s equity and fixed-income markets reached a total volume of BRL73.94 billion in 5.04 million transactions, with daily averages of BRL4.11 billion and 280.152 transactions, respectively. In January, volume totaled BRL75.51 billion, with 5.59 million transactions. January daily averages reached BRL3.59 billion and 266,432 transactions.
Most traded stocks in February were:
Petrobras PN, with BRL12.00 billion; Vale R Doce PNA, with BRL11.93 billion; Vale R Doce ON, with BRL3.86 billion; Petrobras ON, with BRL2.67 billion; and Bradesco PN, with BRL2.42 billion.
Indexes
The Ibovespa declined 2.8% to 38,183 points by the end of February. The best performing stocks were: Vivo PN (+17.48%); Telemar PN (+15.34%); Eletropaulo PNB (+12.65%); Cesp PNB (+9.12%); and Natura ON (+9.05%). The worst performing stocks were: Rossi Resid ON (-26.50%); Cyrela Realt ON (-24.30%); Embraer ON (-24.17%); Gerdau Met PN (-16.34%); and Gerdau (-15.77%).
The following indexes also declined in February:
Imobiliário (-11.3% at 292 points); Small Cap (-4.9% at 469 points); ITAG (-4% at 4,466 points); IGC (-3.8% at 3,601 points); ISE (-2.5 % at 1,089 points); IVBX-2 (-1.9% at 3,345 points); Iconsumo (-1.4% at 685 points); IBrX-50 (-1% at 5,722 points); IBrX-100 (-0.9% at 12,856 points); MidLarge Cap (-0.5% at 584 points); and INDX (-7.9% at 4,975 points). The indexes ITEL (+5.8% at 1,070 points) and IEE (+6.4% at 16,164 points) gained in February.
Market Value
Market value (market capitalization) of the 391 companies listed on the BM&FBOVESPA was BRL1.42 trillion in February. That was the same as the market capitalization for the previous month when 392 companies were listed.
Special Corporate Governance Levels
The 160 companies that were part of the BM&FBOVESPA’s special corporate governance levels at the end of February represented 57.52% of the market capitalization, 68.59% of trading volume, and 76.66% of the trades in the spot market.
Market Participation
The spot market accounted for 95.4% of total trading volume in February, followed by the options market, with 3.3%, and by the forward market, with 1.3%. The after market traded BRL575.03 million with 52,383 trades, compared to BRL730.80 million and 69,148 transactions during the previous month.
2. Fixed Income
In February, the trading volume for the secondary market, counting both the Bovespa Fix and the Soma Fix, totaled BRL56.67 million, compared to BRL45.12 million in January. Of this total, debentures accounted for BRL40.91 million, Credit Receivables Investment funds (FIDC) accounted for BRL15.48 million, and Real Estate Receivables Certificates (CRI) accounted for BRL280,000.
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3. Derivatives Markets
Financial Derivatives
Interest Rate Futures (DI) totaled 9.75 million contracts in February 2009, compared to 12.6 million in January. The US dollar futures ended the month totaling 4.10 million contracts, compared to 4.31 million traded last month.
The Ibovespa futures traded 1.22 million contracts in February, compared to 1.10 million in the previous month. Open interest contracts ended the last trading day of February with 13.75 million positions, compared to 12.76 million in January.
Agribusiness Derivatives
In February, the BM&FBOVESPA’s agribusiness derivatives market (including futures and options) totaled 131,923 contracts, compared to 153,198 in January. The live cattle market totaled 56,503 contracts, compared to 72,394 in the previous month. Arabica coffee totaled 44,060 contracts, compared to 45,456 in January. Soybeans totaled 16,289 contracts, compared to 18,311; and corn, 8,180 contracts, compared to 11,799 contracts.
Agribusiness markets totaled 73,919 open interest contracts at the end of the last trading day of February. In January, these contracts totaled 72,099.
Mini contracts
The derivatives “mini” contracts market – instruments traded through WebTrading – traded 912,060 contracts in February 2009, compared to 883,114 in January. Of this total, the futures market of Ibovespa “mini” traded 892,271 contracts, compared to 865,608 in January. The mini U.S. dollar futures traded 16,947 contracts, compared to 16,047 in last month. Mini futures contracts ended February with 9, 261 open interest contracts, compared to 17,312 in the previous month.
4. Spot Gold
Spot Gold
The spot gold (250 grams) market traded 1,327 contracts in February, compared to 715 in January. The spot gold market volume was BRL23.04 million, compared to BRL11.06 million the month before.
5. Investors Participation
Equities
Foreign investors were responsible for 35.53% of the total volume, compared to 34.10% in January. Individual accounts followed, with 32.74%, compared to 33.46%. Institutional investors were responsible for 22.03%, compared to 23.84%; financial institutions, for 6.79% compared to 6.33%; companies, for 1.93% compared to 2.18%; and other types of investors remained the same as last month at 0.09% of the total volume.
Foreign Investment
By the end of February foreign investor flow into the Brazilian equity market for 2009 stood at a negative BRL 101,939,331.00. That was the result of BRL51,352,153,738.00 in shares sold and BRL51,250,214,407.00 in shares bought. In the month of February, the balance of foreign investor trading on BM&FBOVESPA was positive, in the order of BRL544,132,218.00. That was the result of BRL25,886,589,789.00 in shares sold and BRL26,430,722,007.00 in shares bought. There were no initial public offerings.
Derivatives
Financial institutions led derivatives trading in February, responsible for 48.54% of contracts negotiated, compared to 49.17% in the previous month. Foreign investors were responsible for 19.20%, compared to 19.39%; institutional investors, 19.19%, compared to 20.58%; individuals, 9.56% compared to 7.76%; and companies, 3.51%, compared to 3.10%.
6. Individual Investors
Equities – Individual Investors
BM&FBOVESPA ended February with 534,288 individual investor accounts. That compares to 537,863 accounts in the previous month.
Equities – Investment Clubs
BM&FBOVESPA ended February with 2,769 investment clubs and 11 new registrations. Total assets reached BRL8.31 billion, with 147,094 participants, according January statistics, the latest available.
Home Broker
The total volume in Home Broker transactions totaled BRL24.93 billion, compared to BRL26.82 billion in January. The average daily volume reached BRL1.38 billion, compared to BRL1.28 billion, and the average amount per transaction was BRL10,019.00, compared to BRL9,026.00. The total number of trades reached 2.90 million, compared to 3.30 million, and the daily average reached 161,058, compared to 156,026.
Home Broker participation in the stock market’s February volume was 16.90%, compared to 17.80% in January, while the total number of transactions reached 28.70% compared to 29.40%. The number of investors placing orders stood at 153,831, compared to 155,618 in the previous month.
Sixty-two brokerage firms offered this service in February, compared to 60 in the previous month.
Derivatives
The Derivatives clearing house had 87,703 individual taxpayer registry numbers (CPF), compared to 82,345 in the previous month.
