Bovespa Index components | values (BRIBOVINDM18)
The Bovespa index (Índice Bovespa, abbreviated as Ibovespa), often incorrectly shown only with Bovespa in German-speaking countries, is the leading share index in Brazil. It consists of 71 companies (as of July 5, 2013), which represent around 70 percent of the total market capitalization of the São Paulo Stock Exchange (Bolsa de Valores de São Paulo), the Brazilian stock exchange. The Bovespa index represents at least 80 percent of the number of orders and trading volume as well as 70 percent of the market capitalization of the companies listed on the São Paulo Stock Exchange. The investment universe includes all companies based in Brazil that are listed on the stock exchange. To create a selection list, the companies in the investment universe are sorted in descending order according to market capitalization. The calculation is updated every second during trading hours from 11:00 a.m. to 6:00 p.m. BRT (3:00 p.m. to 10:00 p.m. CET). The Ibovespa is considered to be the representative index for Brazil abroad. The starting point was the values on January 2, 1968, which were set at 100 points. Since then, the same calculation method has been used continuously. The Bovespa index is a performance index, which means dividends and other distributions (allocation of new shares, etc.) are treated as if they were reinvested in shares.