The spot Bovespa Index closed 14.66% higher, at 40,829.13 points. This is the biggest one-day point gain since January 15th, 1999, when the Ibovespa rose 33.41%.
Dollar futures has daily price fluctuation altered during trading session
Dollar futures contract (November/08 expiration date) had its maximum daily price fluctuation altered from 6% to 8% on the previous settlement price during BM&FBOVESPA’s derivatives trading session. This measure was valid only for this trading session.
At 1:18 p.m. a 6% fluctuation was reached at BRL2,188.50. At 4:30 p.m. the Exchange expanded the dollar futures contract’s daily price fluctuation to 8%, in accordance to Circular Letter 054/2008, from 09/29/2008. Within the new limit, the Brazilian currency reached BRL2,142.00.
In the futures markets, trading is not interrupted when the limits are reached. The trading session remains open and offers are only accepted within the fluctuation limit.
To access daily price fluctuations by product, please click here.
FTSE Mondo Visione Exchanges Index:
Ibovespa Has Biggest Rally Since January 1999 - Dollar Futures Has Daily Price Fluctuation Altered During Trading Session
Date 14/10/2008