Ãndice Bovespa
The Bovespa Index ( Índice Bovespa, abbreviated Ibovespa ), often erroneously rendered in German-speaking only with Bovespa, is the leading stock index in Brazil. It consists of 71 companies (as of July 5, 2013 ) that about 70 percent of the total market capitalization of the São Paulo Stock Exchange ( Bolsa de Valores de São Paulo), the Stock Exchange of Brazil represent.
Calculation
The Bovespa Index represents at least 80 percent of the number of orders and the volume of trade as well as 70 percent of the market capitalization of the companies listed on the São Paulo Stock Exchange. The investment universe consists of all companies domiciled in Brazil, which are listed on the stock exchange.
To create a selection list the companies in the investment universe are sorted in descending order by market capitalization. The calculation is updated every second during the trading from 11:00 bis 18:00 clock clock BRT (15:00 bis 22:00 clock clock CET). The Ibovespa applies abroad as the representative of Brazil Index.
Start time, the values were on 2 January 1968, which were valued at 100 points. Since that is continuously calculated using the same method of calculation. The Bovespa Index is a total return index, ie dividends and other distributions ( allocation of new shares, etc. ) are treated as if they are reinvested in shares.
Even if the calculation has always remained the same, the point value because of inflation once the value 100 and several times the value of 10 was divided:
History
Historical Overview
Brazil recorded a strong inflation, which was accompanied by a nominal devaluation in the 1980s and 1990s. In April 1990, the inflation rate reached 6.832 percent on an annual basis with a record level. Consequently, it was other things, a new currency, the Real introduced on 1 July 1994, as part of a stabilization program ( Plano Real). The Real should be devalued checked against the U.S. dollar ( crawling peg ), yet he was considered overvalued nominal. Brazil thus recorded a significant current account deficit that was financed by short-term capital flows.
Between 1983 and 1997, of a total of eleven divisions of the Bovespa index. On 8 July 1997, the stock index rose to a nominal peak when he finished trading with 13617.31 points. In the years 1997 and 1998 occurred in parts of the world financial, monetary and economic crises ( Asian crisis, the Russian crisis ). As a result, the Ibovespa fell to 10 September 1998 65.0 percent, closing at 4760.57 points from.
As the capital inflow delayed to capital flight began (Currency Run), had on 12 January 1999, the real devalued drastically by about 50 percent ( Brazil crisis ), despite an extensive international aid package of 40 billion U.S. dollars under the leadership of the International Monetary Fund (IMF ). After the crisis, there were further devaluation of the real. It was not until 2003, the Brazilian currency could stabilize.
On 20 May 2008, the Ibovespa achieved a nominal all-time high, closing at 73516.81 points. In the course of the international financial crisis, the leading index of the Bovespa began to fall again. From the 3rd quarter of 2008, the crisis had an increasing impact on the real economy. As a result, stock prices plummeted worldwide. On 27 October 2008, the Bovespa index closed at a low of 29435.11 points. The decline since its peak in May 2008 is 60.0 percent.
The October 27, 2008 marked the turning point of the descent. From the autumn of 2008, the index was back on the way up. Until November 4, 2010, he rose by 148.0 percent to a closing level of 72995.69 points. The slowdown in the global economy and the intensification of the euro crisis led to a fall in the Brazilian benchmark index. On August 8, 2011, the Bovespa Index ended the day at 48643.49 points. The loss since the peak on 4 November 2010 is 43.6 percent. A recovery of prices led to gains in the stock market. On 7 April 2012, the index closed higher than eight months earlier at 69837.52 points, up by 43.6 percent.
Highs
The overview shows the all-time highs of Ibovespa.
Milestones
The table shows the milestones of the Ibovespa.
Annual development
The table shows the annual closing levels of the Bovespa index in nominal Brazilian real and converted into U.S. dollars and the annual change in percent since 1968.
Composition
The Ibovespa contains the following 57 companies (as of 31 March 2010).