In June 2009, equity markets (Bovespa segment) traded BRL 112.74 billion, totaling 7.04 million trades. In May, total volume reached BRL 108.03 billion, in 6.91 million trades.
Derivatives markets in the BM&F segment (including financial and commodities derivatives) totaled 39,451,916 contracts and BRL 2.66 trillion in volume in June. That compares to 29,155,925 contracts and a volume of BRL 2.03 trillion in May. The daily average of contracts in the derivatives markets in June was 1,878,663, compared to 1,457,796 in the previous month.
BOVESPA SEGMENT (Equities)
Volumes and Trades – Equities, Equities Derivatives and Fixed Income
The Bovespa markets reached a total volume of BRL112.74 billion in 7.04 million trades in June, with daily averages of BRL5.37 billion and 335,458 trades, respectively. In May, total volume reached BRL108.03 billion in 6.91 million trades.
Most traded stocks in June were: Petrobras PN, with BRL13.07 billion; Vale PNA, with BRL12.85 billion; BM&FBOVESPA ON, with BRL4.50 billion; Petrobras ON , with BRL3.72 billion; Visanet ON , with BRL3.67 billion.
Indexes
The Ibovespa ended June -3.26% lower at 51,465 points. Best performing stocks were GOL PN (+27,37%); TAM S/A PN (+20,24%); Duratex PN (15,36%); ELETROPAULO PNB (+13,35%); and Cesp PNB (+12,91%). Worst performing stocks were: Embraer ON (-15,98%); Aracruz PNB (-15,41%); Telemar ON (-13,95%); Brasil T PAR PN (-13,75%); and TIM PART ON (-2,53%).
Market Value
Market capitalization of the 389 companies listed on the BM&FBOVESPA in June was BRL1.79 trillion, compared to BRL1.81 trillion concerning of the 388 companies listed in May.
Special Corporate Governance Levels
The 159 companies part of the BM&FBOVESPA's special corporate governance levels at the end of June represented 59.68% of the market capitalization, 72.16% of trading volume, and 79.00% of the trades in the spot market.
Market Participation
The spot market accounted for 94.7% of total trading volume in June, followed by the options market, with 3.9%, and by the forward market, with 1.4%. The after market traded BRL1.05 billion with 100,170 trades, compared to BRL1.13 billion and 112,567 trades in the previous month.
Fixed Income
In June, the trading volume for the secondary market, counting both the Bovespa Fix and the Soma Fix, totaled BRL14.93 million, compared to BRL31.03 million in May. Of this total, debentures accounted for BRL5.85 million, Real Estate Receivables Certificates (CRI) accounted for BRL2.8 million, and Credit Receivables Investment funds (FIDC) accounted for BRL6,28 million.
Investor Participation
In June, foreign investors were responsible for 36.50% of the total volume, compared to 37.16% in May. Individuals took second place, with 28.61%, compared to 31.80%; institutional investors had 25.65%, compared to 23.77%, financial institutions, with 6.10%, compared to 5.22%; companies, with 3.10%, compared to 2.01%; and other types of investors, 0.05%, compared to 0.03%.
Foreign Investment
The net flow of foreign investment into the Brazilian stock market in 2009 as of June 30 is a positive BRL12,064,162,610.50, which is the combined result of the amount of BRL1,957,009,261.50 in acquisitions carried out by foreign investors in the stock offerings and the positive balance of BRL10,107,153,350.00 in direct trading at BM&FBOVESPA.
In June, the financial volume traded by foreign investors in the stock market was a negative BRL1,093,086,433,00, which is the net balance between stock sales of BRL41,543,405,904.00 and stock purchases of BRL40,450,319,471.00.
The foreign investor participation in stock offerings, including IPOs, represented 88,4% of the total BRL2,212,895,370.00 in transactions related to the publication of the closing announcement dates ending on July 2, 2009.
Individual Investors
The BM&FBOVESPA ended June with 521,196 individual investor accounts in custody. The stock exchange had 516,874 such accounts in May.
Investment Clubs
The BM&FBOVESPA ended June with 2,820 investment clubs and 41 new registrations. Total liquid asset reached BRL10.67 billion and the number of participants reached 145,755, according May data, the latest available.
Home Broker
Volume in Home Broker trades totaled BRL35.51 billion in June, compared to BRL37.38 billion in May. Home Broker's average daily volume reached BRL1.69 billion, compared to BRL1.87 billion, and the average amount per transaction BRL9.15 million, compared to BRL10.48 million; total number of trades reached 3,988,313 compared to 4,167,693.
Home Broker's participation in the stock market's June's total volume was 15.80%, compared to 17.30% in May, while total number of trades reached 28.30%, compared to 30.20%. The number of investors placing orders stood at 207,793, compared to 195,212 in May. In June, the number of brokerage firms offering Home Broker increased to 66, compared to 66 in May.
BM&F SEGMENT (Derivatives and Futures)
Volumes and Trades – Financial Derivatives
Interest rate futures (DI) was one of June's highlights, totaling 14,474,995 contracts, compared to 10,288,695 in May. The US dollar futures ended the month totaling 5,910,735 contracts compared to 6,037,100 contracts in the previous month. The Ibovespa futures traded 1,342,335 contracts in June, compared to 1,316,131 in the last month. Open-interest contracts ended the last trading day of June with 18,769,870 positions, compared to 17,531,319 in May.
Volumes and Trades – Agribusiness Derivatives
In June, the agribusiness derivatives market on BM&FBOVESPA (including futures and options) totaled 179,402 contracts traded, compared to 158,031 in May. Agribusiness markets totaled 81,315 open interest contracts at the end of the last trading day of June. In May, these contracts totaled 70,382.
Volumes and Trades – Mini contracts
The derivatives market for mini contracts traded 1,007,996 contracts in the month of June, compared to 1,082,184 in May. Of this total, the futures market for Ibovespa mini contracts traded 965,832, compared to 1,044,007 contracts in the previous month. Mini U.S. dollar futures traded 38,521 contracts, compared to 32,016 in May. Mini futures contracts ended June with 10,252 open interest contracts, compared to 31,765 in the previous month.
Volumes and Trades – Spot Gold
The spot gold market (250 grams) traded, in June, 572 contracts, compared to 1,033 contracts in May. Spot gold market volume totaled BRL8.47 million, compared to BRL15.88 million in the previous month.
Investor Participation
Financial institutions led derivatives trading (BM&F segment), responsible for 44.44% of contracts traded, compared to 46.61% in the previous month. Institutional investors were responsible for 25.55%, compared to 22.20%; foreign investors, 19.45%, compared to 19.66%; individuals, 7.51% compared to 8.96%; and companies, with 3.05%, versus 2.56%.
In June, there were 67,188 individual investors with at least one account registered at the Derivatives Clearinghouse, compared to 64,716 in the previous month.