What is the Bovespa index?
The main stock market index in Brazil, it tracks around 50 of the largest and most actively traded stocks on the Sao Paulo Stock Exchange. This benchmark index is a key indicator of the Brazilian economy as a whole.
Where have you heard about the Bovespa index?
Since Brazil is one of the world’s most significant emerging markets, the performance of the Bovespa index is regularly reported in global financial news. The BM&F Bovespa stock exchange is among the top 20 largest in the world.
What you need to know about the Bovespa index.
More than 80% of a company's shares must be traded on the Brazilian stock exchange for it to be included in the flagship Bovespa index.
Unlike many other indices, the Bovespa is an accumulation index, which means it represents the present value of the portfolio, which began with a value of 100 on January 2, 1968.
In 2000, the stock exchanges of Sao Paulo and Rio de Janeiro were integrated, along with nine exchanges in other Brazilian cities, to form the BM&F Bovespa.
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