Brazil Index

By: Research Team

Comment

Best last week among stocks was Lojas Americanas SA (LAME4:BZ) +12.47%, Fibria Celulose SA (FIBR3:BZ) +7.74%, Lojas Americanas SA (LAME3:BZ) +7.43%,

While worst last week among stocks was Usinas Siderurgicas de Minas Gerais SA (USIM5:BZ) -16.15%, Metalurgica Gerdau SA (GOAU4:BZ) -14.90%, Cia Siderurgica Nacional SA (CSNA3:BZ) -13.03%,

Best last month among stocks was Cia de Saneamento de Minas Gerais-COPASA (CSMG3:BZ) +29.32%, JBS SA (JBSS3:BZ) +19.47%, M Dias Branco SA (MDIA3:BZ) +17.26%,

While worst last month among stocks was Cia Siderurgica Nacional SA (CSNA3:BZ) -45.09%, Vale SA (VALE3:BZ) -30.72%, Gerdau SA (GGBR4:BZ) -27.87%,

Best YTD among stocks was Cia Siderurgica Nacional SA (CSNA3:BZ) +112.15%, Cia de Saneamento de Minas Gerais-COPASA (CSMG3:BZ) +102.13%, EcoRodovias Infraestrutura e Logistica SA (ECOR3:BZ) +84.88%,

While worst YTD among stocks was Oi SA (OIBR4:BZ) -42.54%, Fibria Celulose SA (FIBR3:BZ) -29.74%, Embraer SA (EMBR3:BZ) -27.17%,

Description

This index is the standard symmetrical index of investible Brazil stocks

Country Composition

country	Weight %
Brazil	97.37
	1.32
Rio De Janeiro, RJ 22210-903 Brazil	1.32

Sector Composition

Industry	Weight %
Utility Networks	9.21
Banks	6.58
Power Generation	6.58
Real Estate Owners & Developers	5.26
Steel Producers	5.26
Department Stores	3.95
Infrastructure Construction	3.95
Investment Companies	3.95
Packaged Food	3.95
Telecom Carriers	3.95
Paper	3.95
Food & Drug Stores	2.63
Security & Cmdty Exchanges	2.63
Refining & Marketing	2.63
Managed Care	2.63
Educational Services	2.63
Integrated Oils	2.63
Steel Raw Material Suppliers	2.63
Basic & Diversified Chemicals	1.32
Homebuilders	1.32
Specialty Pharma	1.32
Automotive Retailers	1.32
Beverages	1.32
Specialty Apparel Stores	1.32
Tobacco	1.32
Diversified Banks	1.32
Wood Building Materials	1.32
Advertising & Marketing	1.32
Consumer Finance	1.32
Industrial Machinery	1.32
Insurance Services & Other	1.32
Auto Parts	1.32
Professional Services	1.32
Household Products	1.32
Aircraft & Parts	1.32
Life Insurance	1.32
Application Software	1.32

Key Basket Multiples

Stocks	Total MCap US mn	Payout Ratio	Div Yield	PE	NetMargin	1yr Return
76	619058.6	14.2	1.4	16.37	28.82	-4.4

Results

2015-11-03 (C) Itau Unibanco Holding SA
fins

Key Stocks of the Day: Itau Unibanco Holding SA (NYSE:ITUB)

Brazil's Itau Said to Be Seeking Cheaper New York Offices

2015-11-04 (C) Itau Unibanco Holding SA
fins

Key Stocks of the Day: Itau Unibanco Holding SA (NYSE:ITUB)

Brazil's Itau Said to Be Seeking Cheaper New York Offices

2015-11-13 (C) Petroleo Brasileiro SA
energ

Key Stocks of the Day: Petroleo Brasileiro SA – Petrobras (NYSE ...

CANADA STOCKS-TSX edges up as higher commodity prices ...

value	stock	Country	Industry	MCap US mn	DividendYield	PE	PS	NetMarginPct	PayoutRatio	52wkchange	Score
BB Seguridade Participacoes SA	BBSE3:BZ		Insurance Services & Other	15261.61	6.16%	12.90	19.14	99.99	79.46	-12.71	205.15
Braskem SA	BRKM5:BZ	Brazil	Basic & Diversified Chemicals	4247.44	6.21%	4.40	0.33	7.50	27.32	53.47	86.82
Cia de Saneamento de Minas Gerais-COPASA	CSMG3:BZ	Brazil	Utility Networks	910.37	-	50.28	0.79	1.57	-0.00	50.17	4.38
Raia Drogasil SA	RADL3:BZ	Brazil	Food & Drug Stores	5195.12	-	51.30	1.96	3.82	-0.00	44.50	-0.06
Cia de Saneamento Basico do Estado de Sao Paulo	SBSP3:BZ	Brazil	Utility Networks	5131.43	-	21.60	1.49	6.90	-0.00	41.71	29.93
BM&FBovespa SA - Bolsa de Valores Mercadorias e Futuros	BVMF3:BZ	Brazil	Security & Cmdty Exchanges	8350.68	0.76%	12.96	12.99	99.99	9.85	40.15	140.19
MRV Engenharia e Participacoes SA	MRVE3:BZ	Brazil	Homebuilders	1334.55	3.30%	8.30	1.00	12.05	27.39	36.12	70.18
Hypermarcas SA	HYPE3:BZ	Brazil	Specialty Pharma	5257.40	0.71%	48.19	0.71%	1.47	34.21	32.79	23.20
Cosan SA Industria e Comercio	CSAN3:BZ	Brazil	Refining & Marketing	3861.41	4.23%	14.30	1.62	11.33	60.49	26.19	86.63
CETIP SA - Mercados Organizados	CTIP3:BZ	Brazil	Security & Cmdty Exchanges	3134.80	0.84%	21.61	8.21	37.99	18.15	23.87	61.32
EDP - Energias do Brasil SA	ENBR3:BZ	Brazil	Utility Networks	2051.62	4.96%	3.92	0.58	14.80	19.44	17.23	50.47
Banco Santander Brasil SA	SANB11:BZ	Brazil	Banks	18734.18	2.41%	-	-	0.00	-0.00	16.66	19.58
Multiplan Empreendimentos Imobiliarios SA	MULT3:BZ	Brazil	Real Estate Owners & Developers	3038.29	0.18%	29.56	9.94	33.63	5.32	11.71	24.02
Sul America SA	SULA11:BZ	Brazil	Managed Care	1433.86	6.41%	6.79	0.27	3.98	43.52	11.58	55.21
Centrais Eletricas Brasileiras SA	ELET3:BZ	Brazil	Power Generation	3211.39	-	-	0.33	0.00	0.00	11.04	13.96
Lojas Americanas SA	LAME4:BZ	Brazil	Department Stores	5589.84	0.09%	110.99	15.71	14.15	9.99	10.34	-73.59
Banco Bradesco SA	BBDC3:BZ	Brazil	Banks	39332.59	0.60%	8.65	0.65	7.51	5.19	9.05	16.02
CCR SA	CCRO3:BZ	Brazil	Infrastructure Construction	7836.16	1.79%	30.26	3.18	10.51	54.17	8.87	46.20
Transmissora Alianca de Energia Eletrica SA	TAEE11:BZ	Brazil	Investment Companies	1878.80	1.39%	7.41	4.45	60.05	10.30	6.49	72.35
Tractebel Energia SA	TBLE3:BZ	Brazil	Utility Networks	6667.41	1.76%	15.81	35.80	99.99	27.83	6.35	247.73
Localiza Rent a Car SA	RENT3:BZ	Brazil	Automotive Retailers	2014.31	0.01%	17.40	1.78	10.23	0.17	6.21	2.14
M Dias Branco SA	MDIA3:BZ	Brazil	Packaged Food	2901.95	-	17.98	2.17	12.07	-0.00	3.95	0.96
Arteris SA	ARTR3:BZ	Brazil	Infrastructure Construction	962.55	1.94%	32.33	0.91	2.81	62.72	2.65	38.77
Odontoprev SA	ODPV3:BZ	Brazil	Managed Care	1684.39	0.72%	26.87	4.67 00006000	17.38	19.35	1.89	14.67
Cia Hering	HGTX3:BZ	Brazil	Department Stores	611.87	3.73%	7.98	1.38	17.29	29.77	1.87	43.87
Ambev SA	ABEV3:BZ	Brazil	Beverages	81588.16	0.81%	23.61	6.14	26.01	19.12	1.27	25.71
Cia Siderurgica Nacional SA	CSNA3:BZ	Brazil	Steel Producers	2833.78	-	339.24	0.65	0.19	-0.00	0.86	-335.27
Lojas Renner SA	LREN3:BZ	Brazil	Specialty Apparel Stores	3869.55	0.86%	24.10	0.86%	3.57	20.73	0.60	3.71
AES Tiete SA	GETI4:BZ	Brazil	Power Generation	0.00	-	-	-	0.00	0.00	-0.12	2.80
Souza Cruz SA	CRUZ3:BZ	Brazil	Tobacco	0.00	-	-	-	0.00	0.00	-0.12	2.80
Ultrapar Participacoes SA	UGPA3:BZ	Brazil	Refining & Marketing	10973.49	2.28%	25.36	0.49	1.93	57.82	-0.41	36.90
Lojas Americanas SA	LAME3:BZ	Brazil	Department Stores	5589.84	0.14%	75.58	0.87	1.15	10.58	-0.90	-61.83
Itau Unibanco Holding SA	ITUB4:BZ	Brazil	Diversified Banks	47351.10	0.60%	7.24	1.01	13.95	4.34	-1.15	12.82
EcoRodovias Infraestrutura e Logistica SA	ECOR3:BZ	Brazil	Infrastructure Construction	1228.78	4.74%	31.88	1.48	4.64	151.11	-1.66	125.13
CPFL Energia SA	CPFE3:BZ	Brazil	Utility Networks	5468.09	2.16%	19.79	1.00	5.05	42.75	-1.66	29.27
Banco Bradesco SA	BBDC4:BZ	Brazil	Banks	39332.59	0.71%	8.08	0.60	7.43	5.74	-2.28	5.72
BR Malls Participacoes SA	BRML3:BZ	Brazil	Real Estate Owners & Developers	2052.46	-	26.95	5.33	19.78	-0.00	-2.50	-6.75
Telefonica Brasil SA	VIVT4:BZ	Brazil	Telecom Carriers	18652.83	1.91%	16.59	1.61	9.70	31.69	-2.89	24.83
Duratex SA	DTEX3:BZ	Brazil	Wood Building Materials	1374.11	-	56.30	1.23	2.18	-0.00	-3.39	-54.59
Cyrela Brazil Realty SA Empreendimentos e Participacoes	CYRE3:BZ	Brazil	Real Estate Owners & Developers	1122.46	2.79%	9.29	0.92	9.90	25.92	-4.18	25.27
Itausa - Investimentos Itau SA	ITSA4:BZ	Brazil	Investment Companies	15184.46	0.19%	6.12	11.41	99.99	1.16	-4.19	180.21
Suzano Papel e Celulose SA	SUZB5:BZ	Brazil	Paper	4465.70	1.97%	16.28	1.45	8.91	32.07	-4.25	23.36
Multiplus SA	MPLU3:BZ	Brazil	Advertising & Marketing	1617.62	7.93%	11.37	2.51 00006000	22.08	90.16	-5.42	98.37
Cielo SA	CIEL3:BZ	Brazil	Consumer Finance	20001.12	1.13%	20.48	6.23	30.42	23.14	-6.24	29.76
Kroton Educacional SA	KROT3:BZ	Brazil	Educational Services	5186.70	1.08%	11.33	3.51	30.98	12.24	-6.42	28.39
Banco do Estado do Rio Grande do Sul SA	BRSR6:BZ	Brazil	Banks	1031.56	0.34%	3.97	0.28	7.05	1.35	-6.45	0.90
BR Properties SA	BRPR3:BZ	Brazil	Real Estate Owners & Developers	687.61	24.45%	-	3.72	0.00	-0.00	-6.59	-3.67
WEG SA	WEGE3:BZ	Brazil	Industrial Machinery	6920.19	0.53%	20.67	2.45	11.85	10.96	-8.20	-3.15
Marcopolo SA	POMO4:BZ	Brazil	Auto Parts	568.94	-	34.56	0.86	2.49	-0.00	-15.05	-44.20
Petroleo Brasileiro SA	PETR3:BZ	Brazil	Integrated Oils	37643.71	-	-	0.47	0.00	0.00	-17.40	-14.49
Fibria Celulose SA	FIBR3:BZ	Brazil	Paper	4846.96	1.74%	9.16	1.65	18.01	15.94	-17.67	10.04
Qualicorp SA	QUAL3:BZ	Brazil	Professional Services	1263.01	4.85%	11.78	2.52 00006000	21.39	57.13	-17.68	51.99
Banco do Brasil SA	BBAS3:BZ	Brazil	Banks	13915.00	0.33%	4.44	0.23	5.18	1.47	-18.04	-12.91
Natura Cosmeticos SA	NATU3:BZ	Brazil	Household Products	2721.00	2.19%	29.80	1.22	4.09	65.26	-18.23	24.24
Klabin SA	KLBN4:BZ	Brazil	Paper	5874.04	2.31%	28.47	2.68	9.41	65.77	-20.83	28.80
Tim Participacoes SA	TIMP3:BZ	Brazil	Telecom Carriers	4666.01	2.82%	8.81	7.02	79.68	24.84	-20.87	77.77
Cia Paranaense de Energia	CPLE6:BZ	Brazil	Utility Networks	1563.19	2.02%	7.51	0.49	6.52	15.17	-21.16	-4.06
Embraer SA	EMBR3:BZ	Brazil	Aircraft & Parts	3936.60	-	16.80	0.62	3.69	-0.00	-21.37	-31.56
Porto Seguro SA	PSSA3:BZ	Brazil	Life Insurance	2359.94	0.54%	8.32	0.54%	6.49	4.49	-21.61	-16.03
BRF SA	BRFS3:BZ	Brazil	Packaged Food	10453.08	0.27%	15.20	1.14	7.50	4.10	-23.68	-24.35
Vale SA	VALE3:BZ	Brazil	Steel Raw Material Suppliers	19236.36	-	-	0.81	0.00	0.00	-25.49	-22.57
TOTVS SA	TOTS3:BZ	Brazil	Application Software	1264.41	1.48%	25.60	2.25	8.79	37.89	-26.11	-2.12
JBS SA	JBSS3:BZ	Brazil	Packaged Food	8805.72	3.69%	70.96	0.18	0.25	261.84	-26.55	167.50
Vale SA	VALE5:BZ	Brazil	Steel Raw Material Suppliers	19236.36	-	-	0.66	0.00	0.00	-27.82	-24.90
Petroleo Brasileiro SA	PETR4:BZ	Brazil	Integrated Oils	37643.71	-	-	0.37	0.00	0.00	-28.23	-25.31
Bradespar SA	BRAP4:BZ	Brazil	Investment Companies	632.63	7.21%	-	-	0.00	-0.00	-31.44	-28.52
Gerdau SA	GGBR4:BZ	Brazil	Steel Producers	2537.52	1.38%	-	0.23	0.00	-0.00	-31.58	-28.66
Cia Energetica de Sao Paulo	CESP6:BZ	Brazil	Power Generation	1058.21	0.72%	-	1.50	0.00	-0.00	-32.99	-30.07
Estacio Participacoes SA	ESTC3:BZ	Brazil	Educational Services	999.86	3.34%	7.36	1.18	16.03	24.58	-34.14	2.03
Cia Brasileira de Distribuicao	PCAR4:BZ	Brazil	Food & Drug Stores	3224.58	0.15%	54,594.37	0.16	0.30	8.10	-47.21	-89.89
Cia Energetica de Minas Gerais	CMIG4:BZ	Brazil	Utility Networks	1978.96	6.25%	6.87	0.35	5.09	42.94	-51.66	-7.58
Usinas Siderurgicas de Minas Gerais SA	USIM5:BZ	Brazil	Steel Producers	983.03	-	-	0.19	0.00	0.00	-57.19	-54.27
Metalurgica Gerdau SA	GOAU4:BZ	Brazil	Steel Producers	543.69	3.77%	-	0.02	0.00	-0.00	-65.11	-62.19
Oi SA	OIBR4:BZ	Brazil	Telecom Carriers	193.40	-	-	0.02	0.00	0.00	-75.16	-72.24
Centrais Eletricas Brasileiras SA	ELET6:BZ	Brazil	Power Generation	3211.39	-	-	0.54	0.00	0.00	28.31	31.23
Eneva SA	ENEV3:BZ	Rio De Janeiro, RJ 22210-903 Brazil	Power Generation	531.07	-	0.37	0.13	35.14	-0.00	-27.94	9.74

Index Sector Valuations vs GEM Average

Sector	Sector MCap US mn	Sector MCap Share in Total	Gem Sector Share In Total GEM	GEM Sector MCAP USmn	Payout Ratio	GEM Payout Ratio	Div Yield	GEM Div Yield	PE	PEGEM	PE Discount vs GEM	NetMargin	NetMarginGEM	Margin Diff. vs GEM	1yr Return	GEM 1yr Return
Communications	25129.9	4.1	10.3	794505.8	33.9	43.3	2.5	3.2	14.8	18.2	-18.7	23.6	13.6	-10.0	-6.9	-0.7
Consumer Discretionary	27028.5	4.4	6.6	509681.0	15.2	27.0	1.0	2.0	15.5	16.4	-5.5	13.0	9.6	-3.4	0.7	3.1
Consumer Staples	114889.6	18.6	7.5	584775.3	17.0	38.0	1.0	1.8	25.1	28.2	-11.0	19.8	10.3	-9.5	-2.9	12.3
Energy	90122.3	14.6	12.6	973390.4	9.6	40.8	2.8	4.4	22.5	12.4	81.5	4.4	9.7	5.3	-18.0	-21.0
Financials	233401.9	37.7	32.8	2543065.7	11.0	26.0	1.2	4.0	10.0	8.8	13.6	38.8	20.4	-18.4	1.1	3.2
Health Care	8375.6	1.4	2.3	178295.8	32.8	20.3	1.7	1.0	36.8	31.7	16.1	5.1	17.0	11.9	22.9	13.6
Industrials	20884.3	3.4	5.8	453138.2	28.5	23.4	1.5	1.8	24.7	18.6	32.8	9.0	11.4	2.4	-3.4	22.9
Materials	66179.0	10.7	7.6	590209.4	10.9	27.5	2.8	3.1	18.3	18.1	1.1	9.2	9.8	0.6	-18.1	-0.1
Technology	1264.4	0.2	10.8	833615.6	37.9	29.2	1.5	2.3	25.6	18.9	35.4	8.8	19.8	11.0	-26.1	2.8
Utilities	31783.1	5.1	3.7	288099.0	17.9	32.2	2.7	3.1	16.6	12.4	33.9	67.6	13.4	-54.2	8.5	-5.6

Top 5 Brazil Index Long Picks

value	stock	Country	Industry	MCapUSDmn	DividendYield	PE	PS	NetMarginPct	PayoutRatio	52wkchange	Score
Tractebel Energia SA	TBLE3:BZ	Brazil	Utility Networks	6667.41	1.76%	15.81	35.80	99.99	27.83	6.35	247.73
BB Seguridade Participacoes SA	BBSE3:BZ		Insurance Services & Other	15261.61	6.16%	12.90	19.14	99.99	79.46	-12.71	205.15
Itausa - Investimentos Itau SA	ITSA4:BZ	Brazil	Investment Companies	15184.46	0.19%	6.12	11.41	99.99	1.16	-4.19	180.21
JBS SA	JBSS3:BZ	Brazil	Packaged Food	8805.72	3.69%	70.96	0.18	0.25	261.84	-26.55	167.50
BM&FBovespa SA - Bolsa de Valores Mercadorias e Futuros	BVMF3:BZ	Brazil	Security & Cmdty Exchanges	8350.68	0.76%	12.96	12.99	99.99	9.85	40.15	140.19

Top 5 Brazil Index Short Picks

value	stock	Country	Industry	MCapUSDmn	DividendYield	PE	PS	NetMarginPct	PayoutRatio	52wkchange	Score
Cia Siderurgica Nacional SA	CSNA3:BZ	Brazil	Steel Producers	2833.78	-	339.24	0.65	0.19	-0.00	0.86	-335.27
Cia Brasileira de Distribuicao	PCAR4:BZ	Brazil	Food & Drug Stores	3224.58	0.15%	54,594.37	0.16	0.30	8.10	-47.21	-89.89
Lojas Americanas SA	LAME4:BZ	Brazil	Department Stores	5589.84	0.09%	110.99	15.71	14.15	9.99	10.34	-73.59
Oi SA	OIBR4:BZ	Brazil	Telecom Carriers	193.40	-	-	0.02	0.00	0.00	-75.16	-72.24
Metalurgica Gerdau SA	GOAU4:BZ	Brazil	Steel Producers	543.69	3.77%	-	0.02	0.00	-0.00	-65.11	-62.19

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Weekly Fund flow into Brazil focused funds showed (Previous Week)-16.2 USD mn of outflow.

Top 10 Brazil Focused Funds by Inflows Last Week

Fund Name	fund flow mn$	Total Assets mn$
RT NATION RENDA FIXA FI (RTNATFX)	18.2	1187.2
RT REPUBLIC RENDA FIXA FI (RTREPUB)	2.2	1922.1
LEGG MASON WESTERN ASSET INFLATION GOLD FIC FI RENDA FIXA (LEGGMIN)	0.6	18.1
ISHARES BM&FBOVESPA SMALL CAP (SMAL11)	0.2	7.4
KB BRAZIL SECURITIES FEEDER INVESTMENT TRUST - EQUITY - C (3747951)	0.2	21.1
KB BRAZIL SECURITIES MASTER INVESTMENT TRUST - EQUITY (3747928)	0.1	11.1
RT VALIANT RENDA FIXA FI (RTVALNT)	0.0	240.0
ICATU VANGUARDA RENDA IGPM SOBERANO FIC FI RENDA FIXA (ICAIGPM)	0.0	0.8
ICATU VANGUARDA RENDA IPCA SOBERANO FIC FI RENDA FIXA (ICAIPCA)	0.0	0.2
ASSET PLUS BRIC FUND (ASPBRIC)	0.0	1.2

Top 10 Brazil Focused Funds by Outflow Last Week

Fund Name	fund flow mn$	Total Assets mn$
ISHARES MSCI BRAZIL UCITS ETF (INC) (IBZL)	-16.4	165.9
ISHARES MSCI BRIC ETF (BKF)	-1.1	166.8
ENERPREV ALM I FUNDO PREVIDENCIARIO EXCLUSIVO DE INVESTIMENTO EM RENDA FIXA (ENAPERF)	-0.1	46.5
KB MULTI-MANAGER BRICS SECURITIES FEEDER INVESTMENT TRUST - EQUITY - C (3765797)	0.0	7.4
ICATU VANGUARDA RENDA IPCA SOBERANO FI RENDA FIXA (ICAICPA)	0.0	0.8
FATOR FMP FGTS PETROBRAS (PLFGTSP)	0.0	1.7
ASSET PLUS BRIC FUND (ASPBRIC)	0.0	1.2
ICATU VANGUARDA RENDA IPCA SOBERANO FIC FI RENDA FIXA (ICAIPCA)	0.0	0.2
ICATU VANGUARDA RENDA IGPM SOBERANO FIC FI RENDA FIXA (ICAIGPM)	0.0	0.8
RT VALIANT RENDA FIXA FI (RTVALNT)	0.0	240.0

Brazil Index

Select Equity Indexes Yields

Best Stocks 1m in USD %ch

Worst Stocks 1m in USD %

Best Stocks YTD in USD %

Worst Stocks YTD in USD %

Brazil Index Stock News

Odontoprev SA

Embraer SA

Marcopolo SA

Estacio Participacoes SA

Gerdau SA

Metalurgica Gerdau SA

Kroton Educacional SA

Raia Drogasil SA

Usinas Siderurgicas de Minas Gerais SA

M Dias Branco SA

Telefonica Brasil SA

Oi SA

MRV Engenharia e Participacoes SA

CCR SA

BRF SA

Cyrela Brazil Realty SA Empreendimentos e Participacoes

Petroleo Brasileiro SA

Petroleo Brasileiro SA

Cia Brasileira de Distribuicao

CPFL Energia SA

JBS SA

WEG SA

Tim Participacoes SA

Suzano Papel e Celulose SA

Natura Cosmeticos SA

Qualicorp SA

Sul America SA

Arteris SA

Lojas Americanas SA

Porto Seguro SA

Lojas Americanas SA

Eneva SA

Banco do Estado do Rio Grande do Sul SA

Cia Hering

EDP - Energias do Brasil SA

Tractebel Energia SA

Souza Cruz SA

Banco Santander Brasil SA

Cia Paranaense de Energia

AES Tiete SA

Ultrapar Participacoes SA

EcoRodovias Infraestrutura e Logistica SA

Fibria Celulose SA

Cosan SA Industria e Comercio

Transmissora Alianca de Energia Eletrica SA

Cielo SA

Localiza Rent a Car SA

Cia Energetica de Sao Paulo

Ambev SA

Hypermarcas SA

Vale SA

BR Properties SA

Lojas Renner SA

Multiplan Empreendimentos Imobiliarios SA

Klabin SA

Banco Bradesco SA

TOTVS SA

Cia Energetica de Minas Gerais

BM&FBovespa SA - Bolsa de Valores Mercadorias e Futuros

Vale SA

Itausa - Investimentos Itau SA

CETIP SA - Mercados Organizados

BB Seguridade Participacoes SA

Multiplus SA

Banco Bradesco SA

Cia de Saneamento de Minas Gerais-COPASA

Duratex SA

Itau Unibanco Holding SA

Banco do Brasil SA

BR Malls Participacoes SA

Bradespar SA

Cia Siderurgica Nacional SA

Braskem SA