Bonds... Stocks n Bonds: Stock exchange of Brazil
Brazilian stock exchangeis called BM&F Bovespa, which was created after the merger of the Sao Paulo Stock Exchange (
Bovespa) and the Brazilian Mercantile and Futures Exchange (BM&F). Officially the exchange, founded in 1890, is called Bolsa de Valores, Mercadorias & Futuros de Sao Paulo.
BM&F Bovespa is accommodated in the city centre of Sao Paulo and is the
largest stock exchange of Latin America(8th largest in the world). In December 2011, BM&F Bovespa had a market capitalization of US$ 1.22 trillion.
BM&F Bovespa has been linked to all
stock markets in Brazil, including BVRJ in Rio de Janeiro, which only trades government bonds.
The benchmark indicator of the Sao Paulo stock exchange is called The Bovespa Index (also called
Ibovespa is comprising the (in principal) 50 most representative companies in the Brazilian market, both by market cap and traded volume. However, currently 593 companies are traded at BM&F Bovespa.
Normal trading sessions are from 10am to 5 pm on weekdays. The exchange has a pre-market session from 9.45am to 10 am and a post-market session from 5.30 pm to 7 pm. Holidays are declared in advance. BM&F BOVESPA also has offices in New York, Shanghai and London.
Ibovespa 1994 - 2012 :