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Stock Index

Bovespa

Overview

The IBOVESPA is the benchmark index of the Brazilian stock market, representing a theoretical portfolio of the most liquid and significant companies listed on the B3 exchange.

Sector Composition

Financials25.5%
Basic Materials19.2%
Energy15.8%
Consumer Discretionary10.4%
Utilities9.1%

Key Components

ValePetrobrasItaú UnibancoBanco BradescoWEGAmbevBTG Pactual

Highest Correlations

S&P 500r = 0.65
MSCI Emerging Marketsr = 0.82
USD/BRL Exchange Rater = -0.75

What Drives It

Primary drivers include global commodity prices (especially iron ore and oil), domestic interest rate (Selic) fluctuations, political stability, and foreign capital flows into emerging markets.