BM&FBOVESPA announces November 2009 market performance Bovespa segment sets three trading records via Home Broker. BM&F segment sets Direct Market Access trading records via Provider and Colocation São Paulo, 4 December 2009 In November 2009, equity markets (Bovespa segment) reached a total volume if BRL 122.99 billion, in 7,243,282 million trades, with daily averages of BRL 6.47 billion and 381,225 trades, respectively. In October, total volume reached BRL 154.25 billion, with 9,161,252 million trades. This month s Bovespa segment highlights include three trading records via home broker, a web-based equities trading system: the average amount per transaction totaled BRL 14,387; participation in the stock market's total volume was 20.50%, and the total number of trades reached 32.90%. Derivatives markets in the BM&F segment (including financial and commodities derivatives) totaled 27,422,967 contracts and BRL 1.76 trillion in volume in November. That compares to 34,670,732 contracts and a volume of BRL 2.38 trillion in October. The daily average of contracts in the derivatives markets in November was 1,443,314, compared to1,650,987 in the previous month. BM&F segment set Direct Market Access (DMA) trading records via Provider with 1,900,815 contracts traded, in 43,486 trades and via Co-location with 289,820 contracts traded, in 57,876 trades. BOVESPA Segment (Equities) Volumes and Trades Equities, Equities Derivatives and Fixed Income The Bovespa markets reached a total volume of BRL 122.99 billion in 7,243,282 trades in November, with daily averages of BRL 6.47 billion and 381,225 trades, respectively. In October, total volume reached BRL 154.25 billion in 9,161,252 trades. October daily averages reached BRL 7.34 billion and 436,250 trades.
The most traded stocks in November were: Vale PNA, with BRL 13.64 billion; Petrobrás PN, with BRL 12.73 billion; OGX Petróleo ON, with 4.87 billion; Itauunibanco PN, with BRL 3.61 billion; and BMFBovespa ON, with BRL 3.25 billion. Indexes The Ibovespa ended November 8.93% higher at 67,044 points. Best performing stocks were: Gol PN (+37,04%); Duratex ON (+27,85%); Lojas Americanas PN (+25,00%); Rossi Resid ON (+24,68%); and Lojas Renner ON (+23,39%).Worst performing stocks were: Brasil Telec ON (- 8,51%); BRF Foods ON (-3,96%); Sabesp ON (-2,80%); Souza Cruz ON (-2,73%); and Embraer ON (-2,24%). In addition to the Ibovespa, all stock exchange indexes also ended November up: IBrX-50 (+8.66% at 9.463 points); IBrX-100 (+8.46% at 21,304 points); ISE (+8.04% at 1,838 points); ITEL (+12.13% at 1,527 points); IEE (+3.47% at 22,852 points); INDX (+4.74% at 9,532 points); IVBX-2 (+8.42% at 5,430 points); IGC (+7.71% at 6,499 points); ITAG (+7.85% at 8,450 points); Small Cap (+12.59% at 1,118 points); MidLarge Cap (+8.16% at 945 points); Iconsumo (+5.39% at 1,272 points) and Imobiliário (+14.97% at 939 points). Market Value Market capitalization of the 385 companies listed on BM&FBOVESPA in November was BRL 2.27 trillion, compared to BRL 2.11 trillion, which represented the 387 companies listed in October. Special Corporate Governance Levels The 158 companies that compose BM&FBOVESPA's special corporate governance levels represented, at the end of October, 64.92% of the market capitalization, 77.27% of trading volume, and 80.73% of the trades in the spot market. Market Participation The spot market accounted for 92.3% of total trading volume in October, followed by the options market, with 5.8%, and by the forward market, with 1.9%. The after-market traded BRL 1.48 billion with 83,173 trades, compared to BRL 1.66 billion and 124,268 trades in the previous month.
Investor Participation In November, individual investors were responsible for 30.28% of the total volume, compared to 30.53% in October. Foreign investors came next, with 29.51%, compared to 33.67%; institutional investors had 27.78%, compared to 24.80%; financial institutions, with 10.10%, compared to 8.99%; companies, with 2.25%, compared to 1.95 %; and other types of investors, 0.08%, compared to 0.06%. Foreign Investment In 2009, foreign investment in Brazilian company shares, until November, reached BRL 47.22 billion, which is the result of BRL 27.14 billion (BRL 18.9 billion offered in Brazil ) in public offerings and the positive balance of BRL 20.08 billion in secondary market trading at BM&FBOVESPA. In November, the financial volume traded by foreign investors in the stock market is a positive BRL 932.69 million, which is the net balance between stock sales of BRL 35.68 billion and stock purchases of BRL 36.62 billion. The foreign investor participation in stock offerings, including IPOs, represented 66.9% of the total BRL 40.55 billion in transactions related to the publication of the closing announcement dates ending on December 2, 2009. Individual Investors BM&FBOVESPA ended November with 552,750 individual investor accounts in custody. The stock exchange had 555,768 such accounts in October. Investment Clubs BM&FBOVESPA ended November with 2,904 investment clubs and 66 new registrations. Total liquid asset reached BRL 12.75 billion and the number of participants reached 139,860, according to the latest available October data. Home Broker In November, trading via Home Broker registered the following records: the average amount per transaction totaled BRL 14,387 compared to BRL 12,813; participation in the stock market's total volume was
20.50%, compared to 19.80%; and the total number of trades reached 32.90%, compared to 32.60%. The volume totaled BRL 50.31 billion, compared to BRL 60.99 billion in October; average daily volume reached BRL 2.64 billion, compared to BRL 2.90 billion; total number of trades reached 4,762,193 compared to 5,973,285 in October; the daily average of trades stood at 250,642, in contrast to 284,442. The number of investors placing orders stood at 208.415, compared to 249,027 in October. In November, the number of brokerage firms offering Home Broker was 66, compared to 67 in October. Securities Lending The financial volume of stock lending transactions in the Securities Lending Bank (BTC) reached BRL 25.12 billion in November, in comparison to BRL 29.54 billion in October. The total number of trades reached 60,332, compared to 63.642 in the previous month. Fixed Income In November, the trading volume for the secondary market, counting both the Bovespa Fix and the Soma Fix, totaled BRL 47.73 million, compared to BRL 10.42 million in October. Of this total, debentures accounted for BRL 45.60 million, Credit Receivables Investment funds (FIDC) accounted for BRL 1,83 million and Real Estate Receivables Certificates (CRI) accounted for BRL 0,30 million. ETFs The financial volume registered in November by the four BM&FBOVESPA Exchange-Traded Funds (ETFs) reached BRL 347.81 million, in contrast to BRL 537.95 million in October. ETFs BOVA11, SMAL11, MILA11, and PIBB11 registered 5.299 trades. In the previous month, the number of trades was 7,411. ETF BOVA11 reached the highest financial volume in November, with BRL 282.52 million, in comparison to BRL 435.64 in October. BM&F Segment (Derivatives and Futures) Derivatives markets in the BM&F segment (including financial and commodities derivatives) totaled 27,422,967 contracts and BRL 1.76 trillion in volume in November. That compares to 34,670,732 contracts and a volume of BRL 2.38 trillion in October. The daily average of
contracts traded in the derivatives markets in November was 1,443,314, compared to 1,650,987 in the previous month. Volumes and Trades Financial Derivatives Interest rate futures (ID) totaled in November 9,650,380 contracts traded, in contrast to 12,104,485 in October. The US dollar futures ended the month totaling 5,226,455 contracts compared to 7,033,995 contracts in the previous month. The Ibovespa futures traded 1,455,825 contracts in October, compared to 2,304,720 in the last month. The Euro futures contract (EUR) registered 8,470 contracts, in contrast to 14,970 contracts in October. Open interest contracts ended the last trading day of November with 22,978,566 positions, compared to 21,153,325 in October. Volumes and Trades Agribusiness Derivatives In November, the BM&FBOVESPA agribusiness derivatives market (including futures and options) totaled 190,888 contracts traded, compared to 197,101 in October. Agribusiness markets totaled 70,194 open interest contracts at the end of the last trading day of November. In October, these contracts totaled 61,356. Volumes and Trades - Minicontracts The derivatives market for mini contracts traded 1,048,930 contracts in the month of November, compared to 1,334,414 in October. Of this total, the futures market for Ibovespa mini contracts traded 960,541 compared to 1,264,865 contracts in the previous month. Mini U.S. dollar futures traded 86,169 contracts, compared to 68,272 in October. Mini futures contracts ended November with 23,035 open interest contracts, in contrast to 18,575 in the previous month. Volumes and Trades Spot Gold The spot gold market (250 grams) traded, in November, 1,106 contracts, compared to 1,137 contracts in October. Spot gold market volume totaled BRL 17.67 million, compared to BRL 16.66 million in the previous month. Investor Participation In November, financial institutions led derivatives trading (BM&F segment), being responsible for 44.80% of contracts traded, compared to 42.49% in the previous month. Institutional investors were
responsible for 23.85%, compared to 27.12%; foreign investors represented 22.88%, in contrast to 21.66%; individuals represented 6.48% compared to 6.83%; and companies, were responsible for 2% in contrast to 1.90% in the previous month. Individual Investors In November, there were 88,065 individual investors with at least one account registered at the Derivatives Clearinghouse, compared to 87,089 in the previous month. Volumes and trades by Direct Market Access (DMA) BM&F Segment In November, BM&F market segment registered a total of 8,350,565 contracts traded via DMA*, with 1,103,437 trades carried out through the GTS trading platform. In October, the total was 10,438,031 contracts traded in 1,210,689 trades. The volumes registered by access modality in July in comparison to the previous month are as follows: Traditional DMA 3,838,053 contracts traded, in 444,987 trades, in comparison to 5,590,649 contracts traded and 516,459 trades; Via DMA Provider 1,900,815 contracts traded, in 43,486 trades, in comparison to 1,356,018 contracts traded and 36,414 trades; DMA via order routing with CME Globex (CME Group's electronic trading platform) 2,321,877 contracts traded, in 557,088 trades, in comparison to 3,246,598 contracts and 617,938 trades. DMA via co-location 289,820 contracts traded, in 57,876 trades, in comparison to 244,766 contracts traded, in 39,878 trades. *Direct access to the Exchange's derivatives market segment is carried out through DMA models 1, 2, 3 and 4. In model 1 or traditional, the client accesses the GTS through the technological infrastructure of the brokerage house. In model 2 or via DMA provider, the client does not use the previously mentioned structure and connects to the system through an authorized access provider. DMA via order routing with CME Globex is also a form of DMA model 2. DMA model 3 allows direct access to the Exchange's electronic derivatives trading platform without technological infrastructure of a brokerage house or DMA provider. In model 4 or DMA via co-location, the clients install their own equipment inside the BMFBOVESPA facilities.
In November, equities* market segment transactions carried out through order routing via Direct Market Access (DMA) registered a financial volume of BRL 107.23 billion and 8,690,205 trades. In October, the financial volume was BRL 130.42 billion and 10,921,826 trades, respectively. * Direct access to the equities market segment is carried out through DMA model 1. Also known as traditional model, in this type of DMA the client accesses the Mega Bolsa through technological intermediation of the brokerage house. Note: DMA modality traded volumes includes both ends of the transaction (buy and sell).