Bovespa index
| Bovespa index | |
|---|---|
|
|
| base data | |
| Country | Brazil |
| Stock exchange | São Paulo Stock Exchange |
| ISIN | BRIBOVINDM18 |
| WKN | A0JZEM |
| symbol | BOVESPA.TWI |
| RIC | ^ BVSP |
| Bloomberg code | IBOV <INDEX> |
| category | Stock index |
| Type | Performance index |
| family | Single index |
The Bovespa index ( Índice Bovespa , abbreviated as Ibovespa ), often incorrectly shown only with Bovespa in German-speaking countries, is the leading share index in Brazil . He is (as of July 5, 2013) from 71 companies, comprising about 70 percent of the total market capitalization of the stock exchange São Paulo ( Bolsa de Valores de São Paulo ), the Stock Exchange represent Brazil.
calculation
The Bovespa index represents at least 80 percent of the number of orders and trading volume and 70 percent of the market capitalization of the companies listed on the São Paulo Stock Exchange . The investment universe includes all companies domiciled in Brazil that are listed on the stock exchange.
To create a selection list, the companies in the investment universe are sorted in descending order according to market capitalization. The calculation is updated every second during trading hours from 11:00 a.m. to 6:00 p.m. BRT (3:00 p.m. to 10:00 p.m. CET ). The Ibovespa is considered to be the representative index for Brazil abroad.
The starting time was the values on January 2, 1968, which were set at 100 points. Since then, the same calculation method has been used continuously. The Bovespa index is a performance index , which means dividends and other distributions (allocation of new shares etc.) are treated as if they were reinvested in shares.
Even if the calculation always remained the same, the point value was divided once by the value 100 and several times by the value 10 due to inflation :
- Division by 100 on October 3, 1983
- Division by 10 on December 2, 1985
- Division by 10 on August 29, 1988
- Division by 10 on April 14, 1989
- Division by 10 on January 12, 1990
- Division by 10 on May 28, 1991
- Division by 10 on January 21, 1992
- Division by 10 on January 26, 1993
- Division by 10 on August 27, 1993
- Division by 10 on February 10, 1994
- Division by 10 on March 3, 1997
history
Historical overview
Brazil experienced strong inflation in the 1980s and 1990s, which was accompanied by nominal devaluation. In April 1990 the annual inflation rate reached a record 6,832 percent. As a result, a new currency, the real , was introduced on July 1, 1994 as part of a stabilization program, the Plano Real . The real was supposed to be devalued in a controlled manner against the US dollar ( crawling peg ), but it was still considered nominally overvalued. Brazil thus recorded a significant current account deficit , which was financed by short-term capital flows.
Between 1983 and 1997, the Bovespa index was divided into a total of eleven. On July 8, 1997, the stock index rose to a nominal high when it ended trading at 13,617.31 points. In 1997 and 1998 parts of the world suffered financial , currency and economic crises ( Asian crisis , Russian crisis ). As a result, the Ibovespa fell by 65.0 percent by September 10, 1998 to a closing level of 4,760.57 points.
When there was no inflow of capital and the flight of capital began (currency run), the real had to be devalued drastically by around 50 percent on January 12, 1999 ( Brazil crisis ), despite an extensive international aid package of 40 billion US dollars under the leadership of the International Monetary Fund (IMF ). After the crisis, there were further devaluations of the real. The Brazilian currency was only able to stabilize in 2003.
On May 20, 2008 the Ibovespa achieved a nominal all-time high with a closing score of 73,516.81 points. In the course of the international financial crisis , the leading index of the Bovespa began to decline again. From the third quarter of 2008, the crisis increasingly affected the real economy. As a result, share prices collapsed worldwide. On October 27, 2008, the Bovespa index closed at a low of 29,435.11 points. The decline since the peak in May 2008 is 60.0 percent.
October 27, 2008 marks the turning point of the downward slide. From autumn 2008 the index was on the way up again. By November 4, 2010, it rose by 148.0 percent to a closing level of 72,995.69 points. The weakening of the global economy and the worsening of the euro crisis led to a slump in the Brazilian benchmark index. On August 8, 2011, the Bovespa index ended trading at 48,643.49 points. The loss since the peak on November 4, 2010 is 43.6 percent. A recovery in prices led to increases in value on the stock market. On April 7, 2012, the index closed at 69,837.52 points, 43.6 percent higher than eight months earlier.
In 2019, the index passed the 100,000 point mark for the first time.
Highs
The overview shows the all-time highs of the Ibovespa.
| Points | date | |
|---|---|---|
| on a closing price basis | 112,829.31 | December 2019 |
Milestones
The table shows the Ibovespa milestones.
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Annual development
The table shows the annual closing levels of the Bovespa index nominally in Brazilian real and converted into US dollars, as well as the annual percentage change since 1968.
| year | Nominal closing price |
Change in% |
Closing price in US dollars |
Change in% |
|---|---|---|---|---|
| 1968 | 0.00000000021 | 107.70 | 149.13 | 47.23 |
| 1969 | 0.00000000055 | 164.66 | 347.51 | 133.02 |
| 1970 | 0.00000000085 | 54.65 | 472.28 | 35.90 |
| 1971 | 0.00000000181 | 113.01 | 883.71 | 87.12 |
| 1972 | 0.00000000101 | −44.42 | 445.35 | −49.60 |
| 1973 | 0.00000000105 | 4.81 | 464.23 | 4.72 |
| 1974 | 0.00000000144 | 36.63 | 532.62 | 14.30 |
| 1975 | 0.00000000194 | 34.81 | 589.11 | 10.51 |
| 1976 | 0.00000000241 | 24.03 | 536.86 | −8.87 |
| 1977 | 0.00000000340 | 40.95 | 582.07 | 8.42 |
| 1978 | 0.00000000355 | 4.47 | 466.53 | −19.85 |
| 1979 | 0.00000000556 | 56.61 | 359.41 | −22.97 |
| 1980 | 0.00000000801 | 44.19 | 336.48 | −4.50 |
| 1981 | 0.00000001714 | 113.81 | 368.72 | 7.43 |
| 1982 | 0.00000002808 | 63.90 | 305.66 | −17.10 |
| 1983 | 0.00000024133 | 759.21 | 674.45 | 120.63 |
| 1984 | 0.00000130684 | 441.57 | 1,128.71 | 67.37 |
| 1985 | 0.00000655489 | 401.53 | 1,718.39 | 52.23 |
| 1986 | 0.00000925819 | 41.26 | 1,709.30 | −0.52 |
| 1987 | 0.00001248622 | 34.87 | 478.81 | −71.99 |
| 1988 | 0.00033082158 | 2,549.49 | 1,202.51 | 151.14 |
| 1989 | 0.00616154226 | 1,762.51 | 1,491.83 | 24.06 |
| 1990 | 0.02515660818 | 308.27 | 406.80 | −72.73 |
| 1991 | 0.60776859589 | 2,315.96 | 1,580.93 | 288.63 |
| 1992 | 6.78 | 1,015.65 | 1,523.02 | −3.66 |
| 1993 | 375.45 | 5,437.20 | 3,217.30 | 111.24 |
| 1994 | 4,353.92 | 1,059.65 | 5,134.35 | 59.59 |
| 1995 | 4,299.00 | −1.26 | 4,420.11 | −13.91 |
| 1996 | 7,039.94 | 63.75 | 6,773.08 | 53.23 |
| 1997 | 10,196.50 | 44.83 | 9,133.43 | 34.85 |
| 1998 | 6,784.30 | −33.46 | 5,614.75 | −38.53 |
| 1999 | 17,091.60 | 151.92 | 9,553.72 | 70.15 |
| 2000 | 15,259.20 | −10.72 | 7,803.62 | −18.32 |
| 2001 | 13,577.50 | −11.02 | 5,851.36 | −25.02 |
| 2002 | 11,268.40 | −17.00 | 3,189.20 | −45.50 |
| 2003 | 22,236.30 | 97.33 | 7,696.35 | 141.33 |
| 2004 | 26,196.25 | 17.81 | 9,868.97 | 28.23 |
| 2005 | 33,455.94 | 27.71 | 14,293.12 | 44.83 |
| 2006 | 44,473.71 | 32.93 | 20,801.54 | 45.54 |
| 2007 | 63,886.10 | 43.65 | 36,067.35 | 73.39 |
| 2008 | 37,550.31 | −41.22 | 16,067.74 | −55.45 |
| 2009 | 68,588.41 | 82.66 | 39,391.45 | 145.16 |
| 2010 | 69,304.81 | 1.04 | 41,594.53 | 5.59 |
| 2011 | 56,754.08 | −18.11 | 30,255.89 | −27.26 |
| 2012 | 60,952.08 | 7.40 | 29,827.26 | −1.42 |
| 2013 | 51,507.16 | −15.50 | 21,987.15 | −26.29 |
| 2014 | 50.007 | −2.91 | ||
| 2015 | 43,350 | −13.31 | ||
| 2016 | 60,227 | 38.93 | ||
| 2017 | 76,402 | 26.86 | ||
| 2018 | 87,887 | 15.03 | ||
| 2019 | 115,645 | 31.58 |
composition
The Ibovespa contains the following companies (as of November 2014).
| Companies | Branch | Index weighting (%) |
|---|---|---|
| AmBev | beverages | 6.64 |
| América Latina Logística | logistics | 0.331 |
| Banco do Brasil | Banks | 2,676 |
| Banco Bradesco | Banks | 9,352 |
| BB Seguridade | Insurance | 2.226 |
| Bradespar | Investment | 0.42 |
| BRF | food | 3.509 |
| Braskem | chemistry | 0.374 |
| BRMalls | property | 0.987 |
| BR Properties | property | 0.41 |
| BM & FBovespa | Stock exchange | 2,288 |
| CCR Rodoviárias | Motorway operator | 1.61 |
| CESP | Supplier | 0.532 |
| Cielo SA | Credit cards | 2.575 |
| CEMIG | Supplier | 1,342 |
| CPFL | Supplier | 0.611 |
| Copel | Supplier | 0.369 |
| Souza Cruz | tobacco | 0.731 |
| Cosan | Sugar and bioethanol | 0.469 |
| Companhia Siderúrgica Nacional | steel | 0.636 |
| CETIP | Financial services | 0.766 |
| Cyrela Brazil Realty | construction | 0.335 |
| Duratex | Building materials | 0.242 |
| EcoRodovias | Motorway operator | 0.263 |
| Eletrobrás | Supplier | 0.418 |
| Eletropaulo | Supplier | 0.088 |
| Embraer | Aircraft | 1.475 |
| Energias do Brasil | Supplier | 0.243 |
| Estácio SA | education | 0.851 |
| Even Construtora e Incorporadora | construction | 0.131 |
| Fibria | paper | 0.478 |
| Gafisa | construction | 0.124 |
| Gerdau SA | Conglomerate | 1.048 |
| Metalurgica Gerdau | steel | 0.393 |
| Gol Linhas Aéreas | airline | 0.135 |
| Cia. herring | textiles | 0.329 |
| Hypermarcas | Consumer goods | 0.668 |
| Itaúsa | Conglomerate | 3.13 |
| Itaú Unibanco | Banks | 9.98 |
| JBS SA | flesh | 1.544 |
| Klabin | paper | 0.402 |
| Croton Educacional | education | 2,499 |
| Lojas Americanas | retail trade | 0.626 |
| Light SA | Supplier | 0.222 |
| Loja's runner | retail trade | 0.887 |
| Marfrig | flesh | 0.243 |
| MRV Engenharia | construction | 0.236 |
| Natura Cosméticos | Consumer goods | 0.639 |
| Oi | telecommunications | 0.431 |
| Grupo Pão de Açúcar | retail trade | 1.63 |
| PDG SA | construction | 0.179 |
| Petrobras | mineral oil and natural gas | 14.234 |
| Marcopolo | Vehicle construction (buses) | 0.216 |
| Qualicorp | Services | 0.558 |
| Localiza | Car rental | 0.548 |
| Rossi Residencial | construction | 0.047 |
| Santander Brazil | Banks | 1.318 |
| Sabesp | Supplier (water) | 0.671 |
| Suzano Papel e Celulose | paper | 0.378 |
| Tractebel | Supplier | 0.706 |
| TIM Brazil | telecommunications | 0.932 |
| Ultrapar | Gas stations | 2.264 |
| Usiminas | steel | 0.359 |
| Vale | Mining | 7,897 |
| Vivo | telecommunications | 1.148 |
Web links
- Bovespa Index on the São Paulo Stock Exchange website (English)
- Index at Bloomberg
- Index at Yahoo
Individual evidence
- ↑ a b BM&F Bovespa: Companies in the Bovespa index . bmfbovespa.com.br. Accessed August 25, 2016 (Portuguese)
- ^ Equities Market Trading Hours. (No longer available online.) BM & FBovespa , archived from the original on August 15, 2012 ; accessed on January 23, 2014 (English). Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ Global-rates.com: Inflation Brazil - Consumer Price Index (CPI)
- ^ Horst Siebert: Außenwirtschaft , Uni-Taschenbücher, Stuttgart 2006, ISBN 3-8252-8081-0
- ↑ a b Stooq: Historical prices from 1989
- ^ A b Finanz.net: Historical prices from 1998
- ↑ a b Brazil’s Bovespa stock index tops 100,000 milestone. Retrieved December 13, 2019 .
- ↑ BM&F Bovespa: Yearly Variation (R $ / US $) ( page no longer available , search in web archives ) Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice.
- ↑ BVSP Index (Brazil) Yearly Stock Returns. Retrieved December 13, 2019 .
