The performance of Brazilian companies last year is reflected on the country's major stock exchange, Bovespa. The total market cap at end the year hit a new record, the highest market value of history, U.S. $ 1.503 trillion.
According to an Economatica report, ten Brazilian companies with higher market value accounts for 56.4% of that sum, $ 848.2 billion.
Do you wish to investing in Brazil? I have just returned form a 3-week visit. To say that the place is booming is an understatement.
We track all Brazilian ETFs live here.
Petrobras (PBR on the NYSE) remains highest on the list as the largest company in Brazil and Latin America by market value, with $ 228.2 billion. The second place is the Vale (VALE, U.S.$ 166.2 billion), followed by Itau Unibanco (ITUB, U.S.$ 96.4 billion), AmBev (ABV, U.S.$ 86.6 billion) and Bradesco (BBD, U.S. $67 billion).
The findings underscore "the greatness of the Brazilian market before the Latin American market."
One reason for the increase in market value was the amount of equity issues made by some Brazilian companies. This is the case of Petrobras and operation of the pre-salt. The capitalization, in September, to the coffers of companies earned U.S. $115.05 billion.
In terms of stocks that trade in the U.S., several have returns in the hundreds of percent. We track them live as well. Braskem, the great chemical company that makes plastics out of sugar cane, BAK is the leader at +430% since 2009.
Tuesday, January 4, 2011
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