Petróleo Brasileiro S.A. – Petrobras (PETR4) Moves Up 3.18% on Mar 10

March 10, 2018 - By Louis Casey

Shares of Petróleo Brasileiro S.A. – Petrobras (BVMF:PETR4) last traded at 22.39, representing a move of 3.18%, or 0.69 per share, on volume of 45.24 million shares. After opening the trading day at 21.78, shares of Petróleo Brasileiro S.A. – Petrobras traded in a close range. Petróleo Brasileiro S.A. – Petrobras currently has a total float of 13.65 billion shares and on average sees 41.00M shares exchange hands each day. The stock now has a 52-week low of 11.59 and high of 22.63.

BM&F Bovespa: A Powerful South American Stock Exchange

The Brazilian Mercantile and Futures (BM&F) Bovespa is one of the oldest stock exchanges in the world, serving as Brazil’s primary stock exchange since August 23, 1890. It had always been a public entity tightly overseen by the government until its privatization in 2007. As one of the biggest stock exchanges in the world, the BM&F Bovespa has global offices located in Shanghai, London, and New York City (NYC). Petróleo Brasileiro S.A. – Petrobras and other companies are included in its lists.

Getting to Know the Brazilian Equity Market

The BM&F Bovespa had first adopted electronic trading in 1972. The Mega Bolsa, an optimized electronic trading system, had replaced the first one in 1997.

During the late 1970s, the BM&F Bovespa had also implemented the Private System of Telephone Trading, a new trading system that allows investors and brokers alike to conduct transactions via telephone calls.

In 1999, a convenient online trading system had finally been adopted with the launch of the Home Broker. Consequently, investors can buy and sell BM&F Bovespa stocks right from the comfort of their dwellings. It made easier the work of Petróleo Brasileiro S.A. – Petrobras company there.

The pre-market trading on the BM&F Bovespa opens at 9:45 a.m. and closes at 10:00 a.m; the regular trading opens at 10:00 a.m. and closes at 5:30 p.m.; and the post-market trading opens at 6:00 p.m. and closes at 7:30 p.m. These long trading hours give international investors in particular the flexible opportunity to trade on the BM&F Bovespa wherever they are in the world. To sum it up, time zone differences cannot be potential sources of dilemma.

Meanwhile, the Ibovespa Brasil Sao Paulo Stock Exchange Index, the benchmark Brazilian index, had been formed in 1968 as the oldest index weighting the stocks listed on the BM&F Bovespa. Measuring the top 50 stocks listed on the BM&F Bovespa based on market capitalization, it is surely one of the most influential indices in the South American economy.

Reviewing of the components of the Ibovespa occur quarterly to drop those that had fallen short of competent representation and to add those that qualify for inclusion. For a stock to be eligible for inclusion, it must have been listed on the BM&F Bovespa for not less than 12 months and at least 80% of its shares must be actively traded.

By the Numbers

The biggest daily trading volume of nearly $15 billion on the BM&F Bovespa had been posted on August 17, 2011. Today, there are more than 450 stocks listed on it.

The Ibovespa had hit an all-time high of 73,516 points on May 20, 2008. The compelling performance during that time is mainly attributed to a positive inflation guidance by the government. A few days later on May 29, 2008, the Ibovespa had hit its all-time best intraday high of 73,920 points.

It is highly recommended for investors to bet on the growing Brazilian economy. The best way to do so is to trade on the BM&F Bovespa, one of the world’s fastest-growing stock exchanges. Investors may be also interested to check Petróleo Brasileiro S.A. – Petrobras liquidity at the market.

More notable recent Petróleo Brasileiro S.A. – Petrobras (BVMF:PETR4) news were published by: which released: “Ex-Petrobras CEO Bendine convicted of corruption in Brazil” on March 07, 2018, also with their article: “Petrobras Reportedly Ready To Settle With Sete Brazil” published on March 03, 2018, published: “Goldman Is Financing Mubadala’s $8 Billion Petrobras Unit Bid” on March 08, 2018. More interesting news about Petróleo Brasileiro S.A. – Petrobras (BVMF:PETR4) were released by: and their article: “Petrobras near conclusion of discussions for refining partnerships: CEO” published on February 28, 2018 as well as‘s news article titled: “Petrobras evaluating options for Liquigas after sale veto” with publication date: March 02, 2018.

Petróleo Brasileiro S.A. – Petrobras operates in the oil, natural gas, and energy industries. The company has market cap of $305.61 billion. The company's Exploration and Production segment engages in the exploration, development, and production of crude oil, natural gas liquids, and natural gas; and sale of surplus crude oil and oil products produced in the natural gas processing plants to the domestic and international markets. It has a 38.74 P/E ratio. The Company’s Refining, Transportation and Marketing segment is involved in refining, logistics, transport, and trading of crude oil and oil products; exportation of ethanol; and extraction and processing of shale, as well as holding interests in petrochemical companies.

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By1 Louis Casey

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