The net inflow of foreign investments in the Brazilian Stock Market accounted to BRL 15,608,896,489.40 (or USD 7,538,047,280.00) in 2007, as of 30 June. This figure includes the net trading value at Bovespa, which registered an outflow of BRL 138,629,843.00 (or USD 65,517,024.00), and purchases of international investors in the public offerings, which amounted to BRL 15,747,546,332.40 (or USD 7,603,564,304.00) in 2007.
In June, international investors’ total purchase at BOVESPA was BRL 36,320,567,737.00 (or USD 18,819,007.939) and total sales of BRL 38,403,823,135.00 (or USD 19,884,622,199.00), totaling a net outflow of BRL 2,083,255,398.00 (or USD 1,065,614,260.00).
2007 BOVESPA´s Year-to-Date Foreign Investment Balance - in USD
| Month | Buy | Sell | Net | Year-to-Date |
| January | 9,680,391,030 | 10,268,079,202 | (587,688,171) | (587,688,171) |
| February | 13,167,444,136 | 12,861,578,700 | 305,865,436 | (281,822,735) |
| March | 12,909,050,815 | 12,451,290,512 | 457,760,304 | 175,937,568 |
| April | 13,420,414,011 | 12,808,156,532 | 612,257,479 | 788,195,047 |
| May | 15,115,108,685 | 14,903,206,496 | 211,902,189 | 1,000,097,236 |
| June | 18,819,007,939 | 19,884,622,199 | (1,065,614,260) | (65,517,024) |
| Total | 83,111,416,617 | 83,176,933,641 | (65,517,024) | - |
| * Note: In May, to improve the precision of our statistics, we have changed the methodology of this section. We used to convert from BRL into USD monthly, using the end-of-the-month closing exchange rate of the Central Bank of Brazil. From now on, we will be converting from BRL to USD daily with the closing exchange rate of each trading day. There is minimum discrepancy between the old and new methodology, but to allow the adequate transition, this month, we are disseminating the data according to both methodologies. | ||||
The International Investor’s participation in public offerings represented 73.4% of the total value of offerings in 2007, which accounted to BRL 21.5 billion (or USD 10.4 billion), including IPOs which distribution and closure notice were published up to July 3.
Capital Raised Through Initial Public Offerings in 2007
| Date | Company | Ticker | Amount - USD | Foreign Investors´ Participation |
| January | PDG | pdgr3 | 303,555,524 | 93% |
| Rodobens | rdni3 | 245,681,736 | 56% | |
| Camargo Corrêa | ccim3 | 245,681,736 | 56% | |
| February | São Martinho | smto3 | 200,416,272 | 53% |
| GVT | gvtt3 | 514,703,772 | 76% | |
| Tecnisa | tcsa3 | 372,430,500 | 68% | |
| Iguatemi | igat3 | 263,154,647 | 72% | |
| March | Anhanguera Educ. | aedu11 | 244,979,200 | 77% |
| JBS | jbss3 | 787,122,882 | 84% | |
| April | Pine | pine3,pine4 | 252.656.700 | 90% |
| Metalfrio | frio3 | 224.232.921 | 57% | |
| Bematech | bema3 | 201.302.005 | 70% | |
| Even | even3 | 224,719,101 | 53% | |
| BR Malls | brml3 | 323,703,776 | 74% | |
| Heringer | fher3 | 172,205,595 | 65% | |
| JHSF | jhsf3 | 213,004,926 | 89% | |
| CR2 | crde3 | 151,514,778 | 0% | |
| Agra | agin3 | 387,210,591 | 67% | |
| Cremer | crem3 | 271,739,655 | 80% | |
| May | Sofisa | sfsa | 244,924,264 | 76% |
| June | Inpar S/A | inpr | 385,714,286 | 70% |
| Parana** | prbc | 274,196,891 | n/a | |
| SLC Agricola** | slce | 223,102,094 | n/a | |
| Log-In** | logn | 387,917,686 | n/a | |
| EZTec** | eztc | 244,264,843 | 76% | |
| Cruzeiro Sul** | czrs | 560,172,000 | n/a | |
| Daycoval** | dayc | 492,216,177 | n/a | |
| Marfrig** | mrfg | 459,792,746 | n/a | |
| * This information is calculated using the Central Bank of Brasil exchange rate on the first day of Trading. ** Preliminary data, without closure notice until the moment. |
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Total Capital Raised Through Offerings in 2007
| Date | Amount - USD |
| January | 1,184,956,187.85 |
| February | 2,051,307,623.60 |
| March | 2,018,526,047.08 |
| April | 4,900,299,248.37 |
| May | 775,771,000.00 |
| June | 2,930,490,000.00 |
| Total | 13,861,350,106.90 |
| * This information is calculated using the Central Bank of Brasil exchange rate on the first day of Trading. ** It includes preliminary data:IPOs without closure notice until the moment. |
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Trading Value
In June, BOVESPA reached a record in terms of financial value daily average (BRL 5.3 billion or USD 2.7). The daily average registered 141,093 trades. For comparison purposes, May registered 130,851 trades as average with BRL 4 billion (or USD 2 billion) financial value traded.
The total volume traded in June also registered a record. BOVESPA turned over BRL 105.2 billion (or USD 54.5 billion) compared to BRL 87.3 billion (or USD 44.1 billion) in the previous month.
The most active stocks in terms of trading value were:
- Petrobras PN (BRL 9.7 billion or USD 5.1 billion);
- Vale R Doce PNA (BRL 7.78 billion or USD 4.1 billion);
- Bradesco PN (BRL 2.92 billion or USD 1.5 billion);
- Usiminas PNA (BRL 2.0 or USD 1.1 billion); and
- Unibanco Unt N1 (BRL 1.98 billion or USD 1.1 million).
Investors Groups
The monthly trading turnover was pushed again by International Investors, who led transactions with a 35.61% stake against 34.14% in May. Institutional Investors ranked second with 26.92% compared to 30.49% registered in the previous month, followed by Individuals with 19.98% (against 24.42%); Financial Institutions, 11.91% (against 9.50%); Companies, 5.45%, (against 1.34%); and Other Groups with 0.12% (against 0.10%).
Trading in Focus in the Period
The public offering of share acquisition of Arcelor Brasil, on June 4th, had turnover BRL 10.3 billion and reflected the investors’ market share at BOVESPA, raising the international investors’ participation and reducing individual investors’ market share in terms of the total traded value.
Home Broker Stake
The Home Broker system reached new three records in June:
- total traded value, that amounted to BRL 13.3 billion
- number of registered logins, that reached 113,052.
The participation in BOVESPA´s total result reached 8.16% and 27.16% in trade value and volume, accordingly, against 8.39% and 27.24% registered in May. BOVESPA´s electronic trading system reached daily averages of 72.927 trades with BRL 667.6 million financial value traded (against 67.843 trades with BRL 595.2 million in the previous month). Currently provided by 59 brokerage houses, the Home Broker registered an average trade of BRL 9,154.36 per order.
For further information on Home Broker, click here.
In June, the market capitalization of BOVESPA’s listed companies amounted to BRL 1.90 trillion (or USD 1 trillion).
Novo Mercado and Levels of Corporate Governance
The 122 companies which by the end of June were listed on BOVESPA’s special levels of corporate governance represented 58.4% of the market capitalization, 63.4% of the trading value and 68.4% of BOVESPA’s number of trades in the cash market. June registered 8 IPOs: 5 companies joined Novo Mercado (Inpar S/A, SLC Agrícola, Log-In, EZTec and Marfrig) and 3 companies joined Level 1 of special segment of corporate governance (Parana, Cruzeiro Sul and Daycoval).
Markets
The Cash Market was responsible for 93.7% of the total value traded in June, followed by the Options (3.6%) and Forward (2.7%) markets. The After Market traded 36,138 trades and BRL 310,133,995.71.
Ibovespa
The Ibovespa benchmark closed June up 4% at 54,392 points, registering a rise of 22.3% in local currency terms from January to June.
| The best performing stocks of the index in the June were: | The worst performing stocks of IBOVESPA in June were: | |
| Gerdau Met PN (+17.24%); | Cosan ON (-23.22%); | |
| Copel PNB (+16.23%); | Sadia S/A PN (-9.02%); | |
| Pão de Açucar-CBD PN (+14.59%) | TIM Part. S/A PN (-5.26%); | |
| Gerdau PN (+14.48%); and | Cyrela Realt ON (-4.40%); and | |
| Petrobras ON (+13.56%). | Bradesco PN (-4.03%). |
Other Indices
The following indices also closed the month up: ISE (+5.6% at 1,661 points), IEE (+5.3% at 17,756 points), INDX (+5% at 9,240 points), IBrX-50 (4% at 7,710), IBrX-100 (+4.0% at 17,492 points), IVBX-2 (+3.7% at 5,621 points), IGC (+2.5% at 6,342 points), ITAG (+2.4% at 8,409 points), and ITEL (+1.9% at 1,245 points).
Fixed Income
In June, one Corporate Bond started to trade on BOVESPA Fix and SOMA Fix Markets. The trading value of BOVESPA fixed income markets turned over BRL 78,436,703.98 or USD 40,398,920.12 (against BRL 85,457,731.46 or USD 42,498,279.59 totaled in previous month). Out of this total, BRL 61,666,921.36 referred to FIDCs (or USD 31,774,139.87), BRL 1,610,587.81 (or USD 831,766.49) to CRIs (Real Estate Receivable Certificates) and BRL 15,159,194.81 (or USD 7,793,013.76) to Corporate Bonds.
Individual Investors
As of June 30, The Brazilian Clearing and Depositary Company registered 255,775 individual investor custody accounts, against 246,980 in May.
BOVESPA Popularization Campaign
72 new investment clubs have registered with Bovespa in June. Since September 2002, the popularization campaign “BOVESPA Where You Are” has stimulated the creation of 1,688 investment clubs. BOVESPA had a total of 1,872 clubs registered as of June 30. According to last data available (May/07), the investment clubs’ total assets amounted to BRL 11.9 billion, with 145,279 investors.
