Value of Brazil Companies Up 130% in 2009. Compare this to 28% in the US

    Bovespa, Brazil

    Bovespa, Brazil The aggregate value of Brazilian listed companies rose by almost 130% in 2009, according to a study disclosed by consultancy company Economática. According to the research, the 304 companies listed in the São Paulo Stock Exchange (Bovespa) were worth US$ 533.6 billion in December 2008.

    With the good performance of the Brazilian capital markets in 2009, their market value reached US$ 1.224 trillion at the end of December.

    In this area, Brazil presented the largest percentage and nominal growth this year among the countries in Latin America and the United States. According to Economática, the market value of the 704 Latin-American countries grew 94.7% and reached US$ 2.08 trillion in December 2009.

    In the US, the companies that are included in the S&P 500 index appreciated by 28.1% in the same comparison, and ended the year with an aggregate market value of US$ 10.354 trillion.

    Although the percentile growth for the US was smaller, the nominal expansion in comparison with December 2008 was US$ 2.273 trillion, more than the value of all Latin-American companies together.

    In the case of Brazil, the sector that grew most was building, whose companies ended the year with a market value of US$ 30.6 billion, expansion of 368% in comparison with December 2008.

    The sector with the greatest participation in the total, however, is the banking sector, with a market value of US$ 259.6 billion, growth of 126% in comparison with the last month of 2008.

    Anba

    Tags:

    • Show Comments (0)

    Your email address will not be published. Required fields are marked *

    comment *

    • name *

    • email *

    • website *

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Ads

    You May Also Like

    Stella Artois Beer

    World Cup in Brazil Gives Big Boost to Beer and Soft Drink Drinking

    The maker of Budweiser, Stella Artois and Corona beers experienced a sharp surge in ...

    Asylum to Ecuador’s Leader Is Not Political Act, Says Brazil

    Brazil’s ambassador in Ecuador, Sérgio Florêncio, said Monday, April 25, that the concession of ...

    Brazil: Children’s Rights Are Just a Legal Fiction

    Some jurists regard Brazil’s constitutional and statutory protection as a model for the world ...

    Brazil’s Lula Wants a WTO More Helpful to Developing Countries

    Brazilian President Luiz Inácio Lula da Silva met with the president of Cabo Verde, ...

    Corruption and Poor Education Put Brazil at the Bottom in LatAm

    Chile is Latin America’s most ethical and sustainable country for business according to a ...

    Caetano’s Primer

    Live in Bahia serves as a good introduction to Caetano’s current repertoire. This record ...

    Brazil and US, Partners in a Democratic Dream

    Hello, everyone. Thanks for coming out tonight. I just want to start by thanking ...

    Brazilian Sound: You Play What?

    José Eduardo Gramani (1944”“1998) was a violinist, fiddler, composer, conductor, musical scholar, and professor ...

    Brazil: 9,000 Strong Police Force to Secure Arab Summit

    Around 9 thousand police and security personnel will be mobilized to guarantee the security ...