From the Newsroom*
São Paulo – American Depositary Receipts (ADR), i.e. shares of Brazilian companies traded in the Nova York Stock Exchange (NYSE), reached a record high in average daily trades in the month of May, according to data disclosed today (27th) by consultancy firm Economatica.
According to the manager at Economatica Latin America, Einar Rivero, the average daily volume traded per day during the month, so far, was US$ 4.072 billion, a historic result. The previous record, Rivero says, was achieved in January, with an average daily volume traded of US$ 3.985 billion.
Just to have an idea, according to him, the São Paulo Stock Exchange (Bovespa) had an average daily traded volume of US$ 3.588 billion per day during the same period, a record high for the Brazilian stock exchange.
The most traded stocks in May were those of Petrobras ON, which ranked 14th in the NYSE with US$ 1.23 billion traded on average per day, and of Vale ON, which ranked 20th with daily trades of US$ 862.8 million. Next among the most traded Brazilian ADRs were those of Petrobras PN, Vale PNA, Bradesco PN, Unibanco, Itaú PN, Companhia Siderúrgica Nacional (CSN) ON, Gerdau Palestinian, and Ambev PN.
*Translated by Gabriel Pomerancblum
