Índice Bovespa

The Bovespa Index (Portuguese: Índice Bovespa), best known as Ibovespa is the benchmark index of about 60 stocks that are traded on the B3 (Brasil Bolsa Balcão), which account for the majority of trading and market capitalization in the Brazilian stock market.

Overview
Bovespa Index 1994–2019

The index is composed by a theoretical portfolio with the stocks that accounted for 80% of the volume traded in the last 12 months and that were traded at least on 80% of the trading days. It's revised quarterly, in order to keep its representativeness of the volume traded and in average the components of Ibovespa represent 70% of all the stock value traded.

IBOVESPA is a Billion Brazil Real Money accumulation by year Media industries index. Its index number represents the present value of a portfolio begun on 2 January 1968, with a starting value of 100 and taking into account share price increases plus the reinvestment of all dividends, subscription rights that the constant's bonus stocks received.

The index has been adjusted as follows, most of them during the time Brazil experienced high rates of inflation during the 1980s and early 1990s:

  1. division by 100, on 3 October 1983
  2. division by 10, on 2 December 1985
  3. division by 10, on 29 August 1988
  4. division by 10, on 14 April 1989
  5. division by 10, on 12 January 1990
  6. division by 10, on 28 May 1991
  7. division by 10, on 21 January 1992
  8. division by 10, on 26 January 1993
  9. division by 10, on 27 August 1993
  10. division by 10, on 10 February 1994
  11. division by 10, on 3 March 1997

Record values
Type Date Value
Intraday (during the day) high 24 January 2020 119,593.00
Closing high 23 January 2020 119,528.00

Annual Returns

The following table shows the annual development of the Índice Bovespa since 1998.[1]

Year Closing level Change in Index
in Points		 Change in Index
in %
1998 6,784
1999 17,092 10,308 151.95
2000 15,259 −1,833 −10.72
2001 13,578 −1,681 −11.02
2002 11,268 −2,310 −17.01
2003 22,236 10,968 97.34
2004 26,196 3,960 17.81
2005 33,456 7,260 27.71
2006 44,474 11,018 32.93
2007 63,886 19,412 43.65
2008 37,550 −26,336 −41.22
2009 68,588 31,038 82.66
2010 69,305 717 1.05
2011 56,754 −12,551 −18.11
2012 60,952 4,198 7.40
2013 51,507 −9,445 −15.50
2014 50,007 −1,500 −2.91
2015 43,350 −6,657 −13.31
2016 60,227 16,877 38.93
2017 76,402 16,175 26.86
2018 87,887 11,485 15.03
2019 115,645 27,758 31.58

Criteria for inclusion in the portfolio

The Ibovespa is composed by the stocks that must meet the criteria as stipulated by the exchange:[2]

  • They should have been traded on the exchange in the past twelve months.
  • To be included in the group of stocks whose negotiability indexes added represent 80% of the total value of all individual negotiability indexes.
  • The trading share of the stock should be higher than 0,1% of the total share flow in the exchange.
  • More than 80% of the shares of the stock must be traded on the exchange.

For a list of the components of the index, check the article List of companies listed on Ibovespa.

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See also

References
  1. "BVSP Index (Brazil) Yearly Stock Returns". www.1stock1.com. Retrieved 19 January 2020.
  2. Eligibility rules for the IBovespa via Wikinvest
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