Volume traded in the Exchange Market already exceeds US$ 562 million
O Estado de S.Paulo 12/28/2007
For the first time in the history of the São Paulo Stock Exchange (Bovespa), the financial volume of stocks traded in the cash spot market exceeded the mark of R$ 1 trillion (US$ 562 billion). This is a record result and is practically twice the result registered in 2006, according to a research from Economática, a company specialized in financial information. The period inflation was deducted from the calculation. Between January 1st and December 26th, the total of stocks traded in the cash spot market amounted to R$ 1.019 trillion (US$ 572 billion), an amount 92% above that of 2006. Last year, the volume of business had been record, reaching R$ 530.8 billion (US$ 243.5 billion). Despite the record, the research reveals that businesses in the stock market are concentrated on few companies. The research shows that the 20 largest companies were responsible for more than half (58.5%) of the total traded this year. On the top of the list of the companies that most traded in the Stock market are Petrobrás, followed by Vale. Both together were responsible for 13.6% and 11.4%, respectively, of the total volume. Bradesco is in third place, with 3.3% of the total of traded stocks. The research also shows that these 20 largest companies traded R$ 596.5 billion (US$ 335.1 billion) until the 26th day of this month, more than what had been registered in the entire year of 2006 by all companies in the stock market, which was R$ 530.8 billion (US$ 243.5 billion). Another important datum from the research is the participation of the companies that went public in the total volume of the businesses. The companies that have started trading in the São Paulo Stock Exchange from 2004 to date were responsible for 16.4% of the total volume of business in the cash spot market this year, the equivalent to R$ 167.4 billion. The Bovespa Holding alone, which opened its capital in the second half of the year, had participation of 7.7% in the total volume of business this year among the companies that have started trading in the Stock Exchange since 2004.