Wednesday, May 28, 2008

Brazilian ADRs Trading Hit Record in New York

The daily trading volume of Brazilian stocks on the New York Stock Exchange (through ADRS) hit a record $4.07B in May. Volumes have jumped higher in light of S&P upgrade of Brazil to investment grade.

It is interesting to note that this volume is actually higher than the daily at the Bovespa (Sao Paulo Exchange) itself ($3.8B).

The top traded ADRS are:

PBR, Petrobras ON $1.5B
RIO, Vale $1.1B
BBD, Bradesco $244M
UBB, Unibanco $166M
SID, Siderurgica Nacional $155M
GGB, Gerdau $128M
ABV, Ambev $68M

Other ADRs:

ITU, Banco Itau
SDA, Sadia
PDA, Perdigao

SDA and PDA are the top food producers, great companies for those interested in ag. markets.

Source: O Estado de Sao Paulo.

Stumble Upon Toolbar

No comments:

Financial TV

// adding Google analytics