Brazil Index

By: Research Team

Comment

Best last week among stocks was Centrais Eletricas Brasileiras SA (ELET3:BZ) +2.79%, Oi SA (OIBR4:BZ) +1.65%, Ambev SA (ABEV3:BZ) +1.50%,

While worst last week among stocks was Cia Siderurgica Nacional SA (CSNA3:BZ) -13.88%, Qualicorp SA (QUAL3:BZ) -9.99%, MRV Engenharia e Participacoes SA (MRVE3:BZ) -9.87%,

Best last month among stocks was Cia de Saneamento de Minas Gerais-COPASA (CSMG3:BZ) +16.50%, M Dias Branco SA (MDIA3:BZ) +13.45%, JBS SA (JBSS3:BZ) +11.58%,

While worst last month among stocks was Cia Siderurgica Nacional SA (CSNA3:BZ) -48.91%, Usinas Siderurgicas de Minas Gerais SA (USIM5:BZ) -30.77%, Metalurgica Gerdau SA (GOAU4:BZ) -30.39%,

Best YTD among stocks was Cia de Saneamento de Minas Gerais-COPASA (CSMG3:BZ) +87.07%, Cia Siderurgica Nacional SA (CSNA3:BZ) +82.69%, Banco do Estado do Rio Grande do Sul SA (BRSR6:BZ) +76.59%,

While worst YTD among stocks was Oi SA (OIBR4:BZ) -41.59%, Fibria Celulose SA (FIBR3:BZ) -29.11%, Embraer SA (EMBR3:BZ) -28.58%,

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
Packaged Food	3.95
Infrastructure Construction	3.95
Investment Companies	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
Beverages	1.32
Automotive Retailers	1.32
Advertising & Marketing	1.32
Diversified Banks	1.32
Tobacco	1.32
Specialty Apparel Stores	1.32
Consumer Finance	1.32
Wood Building Materials	1.32
Professional Services	1.32
Insurance Services & Other	1.32
Industrial Machinery	1.32
Auto Parts	1.32
Aircraft & Parts	1.32
Household Products	1.32
Application Software	1.32
Life Insurance	1.32

Key Basket Multiples

Stocks	Total MCap US mn	Payout Ratio	Div Yield	PE	NetMargin	1yr Return
76	607917.2	13.4	1.8	14.98	51.15	-2.4

Results

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

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

Brazil's Banks Grapple With Recession

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

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

Brazil's Banks Grapple With Recession

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

U.K. Shares Advance as RBS, Lloyds Banking Climb With Lenders

Energy Markets Daily: Exxon Mobil Corporation,Williams ...

value	stock	Country	Industry	MCap US mn	DividendYield	PE	PS	NetMarginPct	PayoutRatio	52wkchange	Score
BB Seguridade Participacoes SA	BBSE3:BZ		Insurance Services & Other	15403.93	6.07%	13.09	19.42	99.99	79.46	-10.47	209.34
Braskem SA	BRKM5:BZ	Brazil	Basic & Diversified Chemicals	4426.68	6.00%	4.55	0.34	7.47	27.30	61.52	96.83
Raia Drogasil SA	RADL3:BZ	Brazil	Food & Drug Stores	5151.95	-	00006000 51.14	1.95	0.03	-0.00	51.42	-999.99
Cia de Saneamento de Minas Gerais-COPASA	CSMG3:BZ	Brazil	Utility Networks	859.49	-	47.72	0.75	1.57	-0.00	51.09	10.03
BM&FBovespa SA - Bolsa de Valores Mercadorias e Futuros	BVMF3:BZ	Brazil	Security & Cmdty Exchanges	8200.08	0.77%	12.79	12.83	99.99	9.85	45.81	148.27
Cia de Saneamento Basico do Estado de Sao Paulo	SBSP3:BZ	Brazil	Utility Networks	5027.77	-	21.27	1.47	6.91	-0.00	38.01	28.74
Cosan SA Industria e Comercio	CSAN3:BZ	Brazil	Refining & Marketing	3749.97	4.33%	13.97	1.58	11.31	60.49	35.32	98.24
MRV Engenharia e Participacoes SA	MRVE3:BZ	Brazil	Homebuilders	1227.01	3.57%	7.67	0.93	12.13	27.38	29.97	66.89
CETIP SA - Mercados Organizados	CTIP3:BZ	Brazil	Security & Cmdty Exchanges	3107.30	0.85%	21.54	8.18	37.98	18.31	28.78	68.62
Hypermarcas SA	HYPE3:BZ	Brazil	Specialty Pharma	5017.72	0.74%	46.24	4.32	9.34	34.22	27.76	30.17
Banco Santander Brasil SA	SANB11:BZ	Brazil	Banks	18610.30	2.39%	-	-	0.00	-0.00	22.03	27.12
Centrais Eletricas Brasileiras SA	ELET3:BZ	Brazil	Power Generation	3341.15	-	-	0.35	0.00	0.00	20.42	25.50
EDP - Energias do Brasil SA	ENBR3:BZ	Brazil	Utility Networks	2027.07	4.99%	3.89	0.57	14.65	19.41	18.87	54.13
Sul America SA	SULA11:BZ	Brazil	Managed Care	1425.42	6.42%	6.7 00004000 8	0.27	4.03	43.01	15.27	60.70
Lojas Americanas SA	LAME4:BZ	Brazil	Department Stores	5283.94	0.10%	104.63	1.20	1.15	10.46	11.15	-76.78
Banco Bradesco SA	BBDC3:BZ	Brazil	Banks	38442.03	0.61%	3.02	0.63	20.86	1.84	10.81	35.58
Multiplan Empreendimentos Imobiliarios SA	MULT3:BZ	Brazil	Real Estate Owners & Developers	2889.63	0.19%	28.26	9.50	33.62	5.37	10.77	26.59
M Dias Branco SA	MDIA3:BZ	Brazil	Packaged Food	2931.49	-	00006000 18.26	2.21	0.04	-0.00	8.15	-999.99
Tractebel Energia SA	TBLE3:BZ	Brazil	Utility Networks	6502.86	1.80%	15.51	3.59	23.15	27.92	8.10	48.74
Ambev SA	ABEV3:BZ	Brazil	Beverages	84482.49	0.78%	24.58	6.39	26.00	19.17	6.83	32.50
Cia Hering	HGTX3:BZ	Brazil	Department Stores	601.09	3.78%	7.88	1.36	17.26	29.79	5.49	49.75
CCR SA	CCRO3:BZ	Brazil	Infrastructure Construction	7538.16	1.85%	29.27	3.07	10.49	54.15	4.88	45.33
Ultrapar Participacoes SA	UGPA3:BZ	Brazil	Refining & Marketing	10957.44	2.27%	25.46	0.49	1.92	57.79	4.62	43.97
Transmissora Alianca de Energia Eletrica SA	TAEE11:BZ	Brazil	Investment Companies	1773.68	1.47%	7.03	4.22	60.03	10.33	4.40	72.82
EcoRodovias Infraestrutura e Logistica SA	ECOR3:BZ	Brazil	Infrastructure Construction	1184.88	4.89%	30.91	1.43	4.63	151.15	4.11	134.07
Localiza Rent a Car SA	RENT3:BZ	Brazil	Automotive Retailers	1932.19	0.02%	33.52	1.71	5.10	0.67	3.95	-18.71
Cia Siderurgica Nacional SA	CSNA3:BZ	Brazil	Steel Producers	2489.74	-	299.63	0.58	0.19	-0.00	3.72	-290.63
Arteris SA	ARTR3:BZ	Brazil	Infrastructure Construction	961.07	1.93%	32.46	0.91	2.80	62.65	1.81	39.89
Odontoprev SA	ODPV3:BZ	Brazil	Managed Care	1650.06	0.73%	26.47	4.60	17.38	19.32	1.62	16.94
Lojas Americanas SA	LAME3:BZ	Brazil	Department Stores	5283.94	0.14%	73.23	0.84	1.15	10.25	1.55	-55.19
Multiplus SA	MPLU3:BZ	Brazil	Advertising & Marketing	1579.74	8.08%	11.16	2.47	22.13	90.17	0.36	106.59
BR Malls Participacoes SA	BRML3:BZ	Brazil	Real Estate Owners & Developers	1990.79	-	26.28	5.20	19.79	-0.00	0.31	-1.10
Itau Unibanco Holding SA	ITUB4:BZ	Brazil	Diversified Banks	46652.16	0.61%	7.15	1.00	13.99	4.36	0.21	16.50
AES Tiete SA	GETI4:BZ	Brazil	Power Generation	0.00	-	-	-	0.00	0.00	-0.12	4.97
Souza Cruz SA	CRUZ3:BZ	Brazil	Tobacco	0.00	-	-	-	0.00	0.00	-0.12	4.97
Banco Bradesco SA	BBDC4:BZ	Brazil	Banks	38442.03	0.72%	3.02	0.60	19.87	2.17	-0.70	23.41
Banco do Estado do Rio Grande do Sul SA	BRSR6:BZ	Brazil	Banks	1035.30	0.34%	4.02	0.28	6.97	1.37	-1.12	8.28
Kroton Educacional SA	KROT3:BZ	Brazil	Educational Services	4973.35	1.12%	10.92	3.38	30.95	12.23	-1.58	35.77
CPFL Energia SA	CPFE3:BZ	Brazil	Utility Networks	5346.17	2.20%	19.45 00006000	0.98	5.04	42.79	-1.60	31.87
Lojas Renner SA	LREN3:BZ	Brazil	Specialty Apparel Stores	3683.83	0.90%	22.99	2.11	9.18	20.69	-1.93	10.04
Telefonica Brasil SA	VIVT4:BZ	Brazil	Telecom Carriers	18436.44	1.89%	16.70	1.62	9.70	31.56	-2.62	27.03
Itausa - Investimentos Itau SA	ITSA4:BZ	Brazil	Investment Companies	14979.49	0.83%	6.07	11.32	99.99	5.04	-3.18	187.37
Cielo SA	CIEL3:BZ	Brazil	Consumer Finance	19996.09	1.12%	20.59	6.26	30.40	23.06	-3.21	34.75
Duratex SA	DTEX3:BZ	Brazil	Wood Building Materials	1389.98	-	57.26	1.25	2.18	-0.00	-3.35	-53.34
BR Properties SA	BRPR3:BZ	Brazil	Real Estate Owners & Developers	679.22	24.63%	- 00006000	3.69	0.00	-0.00	-4.41	0.68
Qualicorp SA	QUAL3:BZ	Brazil	Professional Services	1159.76	5.25%	10.88	2.32	21.32	57.12	-7.03	65.62
Cyrela Brazil Realty SA Empreendimentos e Participacoes	CYRE3:BZ	Brazil	Real Estate Owners & Developers	1077.72	2.89%	8.97	0.89	9.92	25.92	-7.77	24.19
Suzano Papel e Celulose SA	SUZB5:BZ	Brazil	Paper	4445.10	1.97%	16.29	1.45	8.90	32.09	-10.16	19.63
WEG SA	WEGE3:BZ	Brazil	Industrial Machinery	6577.37	0.55%	19.75	2.34	11.85	10.86	-11.60	-3.55
Marcopolo SA	POMO4:BZ	Brazil	Auto Parts	552.25	-	34.70	0.86	2.48	-0.00	-11.86	-38.99
Embraer SA	EMBR3:BZ	Brazil	Aircraft & Parts	3938.33	-	16.90	0.62	3.67	-0.00	-17.32	-25.46
Fibria Celulose SA	FIBR3:BZ	Brazil	Paper	4989.81	31.42	9.48	1.71	18.04	297.86	-17.40	294.11
Natura Cosmeticos SA	NATU3:BZ	Brazil	Household Products	2680.06	2.21%	29.51	1.21	4.10	65.22	-17.49	27.40
Petroleo Brasileiro SA	PETR3:BZ	Brazil	Integrated Oils	34652.16	-	10.85	0.43	3.96	-0.00	-18.40	-20.20
TOTVS SA	TOTS3:BZ	Brazil	Application Software	1302.36	1.43%	26.51	2.32	8.75	37.91	-18.96	6.28
Tim Participacoes SA	TIMP3:BZ	Brazil	Telecom Carriers	4668.34	2.80%	8.87	1.02	11.50	24.84	-20.42	12.13
Banco do Brasil SA	BBAS3:BZ	Brazil	Banks	12897.73	0.35%	4.14	0.21	5.07	1.45	-20.45	-12.98
Cia Paranaense de Energia	CPLE6:BZ	Brazil	Utility Networks	1499.37	2.07%	7.32	0.48	6.56	15.15	-21.14	-1.67
Porto Seguro SA	PSSA3:BZ	Brazil	Life Insurance	2353.84	0.54%	8.34	0.45	5.40	4.50	-22.13	-15.49
BRF SA	BRFS3:BZ	Brazil	Packaged Food	10429.47	0.26%	15.24	1.15	7.55	3.96	-23.78	-22.43
Vale SA	VALE3:BZ	Brazil	Steel Raw Material Suppliers	19272.50	-	-	0.82	0.00	0.00	-24.06	-18.97
Klabin SA	KLBN4:BZ	Brazil	Paper	5813.31	2.49%	0.10	2.48	99.99	0.25	-24.99	999.99
Vale SA	VALE5:BZ	Brazil	Steel Raw Material Suppliers	19272.50	-	-	0.66	0.00	0.00	-26.77	-21.68
JBS SA	JBSS3:BZ	Brazil	Packaged Food	8161.85	3.96%	66.12	0.17	0.26	261.84	-27.56	173.50
Gerdau SA	GGBR4:BZ	Brazil	Steel Producers	2472.72	1.41%	-	0.22	0.00	-0.00	-29.23	-24.14
Petroleo Brasileiro SA	PETR4:BZ	Brazil	Integrated Oils	34652.16	-	8.50	0.34	4.00	-0.00	-29.29	-28.71
Bradespar SA	BRAP4:BZ	Brazil	Investment Companies	649.09	7.02%	-	-	0.00	-0.00	-30.84	-25.75
Estacio Participacoes SA	ESTC3:BZ	Brazil	Educational Services	1019.39	3.26%	7.54	1.21	16.05	24.58	-30.90	7.28
Cia Energetica de Sao Paulo	CESP6:BZ	Brazil	Power Generation	1025.81	0.72%	-	1.49	0.00	-0.00	-34.21	-29.12
Cia Brasileira de Distribuicao	PCAR4:BZ	Brazil	Food & Drug Stores	3196.32	0.15%	54,274.80	0.16	0.30	8.10	-45.89	-86.41
Cia Energetica de Minas Gerais	CMIG4:BZ	Brazil	Utility Networks	1942.79	6.45%	6.65	0.34	5.11	42.89	-52.08	-5.63
Usinas Siderurgicas de Minas Gerais SA	USIM5:BZ	Brazil	Steel Producers	966.09	-	-	0.18	0.00	0.00	-58.11	-53.02
Metalurgica Gerdau SA	GOAU4:BZ	Brazil	Steel Producers	512.91	4.04%	-	0.02	0.00	-0.00	-65.40	-60.32
Oi SA	OIBR4:BZ	Brazil	Telecom Carriers	214.64	-	-	0.02	0.00	0.00	-75.69	-70.61
Centrais Eletricas Brasileiras SA	ELET6:BZ	Brazil	Power Generation	3341.15	-	-	0.55	0.00	0.00	29.81	34.90
Eneva SA	ENEV3:BZ	Rio De Janeiro, RJ 22210-903 Brazil	Power Generation	515.14	-	0.36	0.12	33.33	-0.00	-29.35	8.71

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	24899.2	4.1	10.3	794505.8	33.7	43.3	2.5	3.2	14.9	18.2	-18.1	10.8	13.6	2.8	-6.4	-0.7
Consumer Discretionary	25716.8	4.2	6.6	509681.0	15.2	27.0	1.0	2.0	17.0	16.4	3.7	10.8	9.6	-1.2	2.1	3.1
Consumer Staples	117033.6	19.3	7.5	584775.3	17.1	38.0	1.0	1.8	27.8	28.2	-1.4	19.6	10.3	-9.3	1.7	12.3
Energy	84011.7	13.8	12.6	973390.4	10.2	40.8	2.8	4.4	11.9	12.4	-4.0	4.0	9.7	5.7	-17.5	-21.0
Financials	229180.4	37.7	32.8	2543065.7	10.2	26.0	1.3	4.0	8.0	8.8	-9.1	43.9	20.4	-23.5	3.0	3.2
Health Care	8093.2	1.3	2.3	178295.8	32.7	20.3	1.7	1.0	35.2	31.7	11.0	10.0	17.0	7.0	20.2	13.6
Industrials	20199.8	3.3	5.8	453138.2	28.4	23.4	1.6	1.8	24.0	18.6	29.0	8.9	11.4	2.5	-5.0	22.9
Materials	66051.3	10.9	7.6	590209.4	4.3	27.5	9.4	3.1	10.4	18.1	-42.5	619.1	9.8	-609.3	-17.3	-0.1
Technology	1302.4	0.2	10.8	833615.6	37.9	29.2	1.4	2.3	26.5	18.9	40.2	8.8	19.8	11.0	-19.0	2.8
Utilities	31428.8	5.2	3.7	288099.0	17.7	32.2	2.7	3.1	16.2	12.4	30.6	11.8	13.4	1.6	9.6	-5.6

Top 5 Brazil Index Long Picks

value	stock	Country	Industry	MCapUSDmn	DividendYield	PE	PS	NetMarginPct	PayoutRatio	52wkchange	Score
Klabin SA	KLBN4:BZ	Brazil	Paper	5813.31	2.49%	0.10	2.48	99.99	0.25	-24.99	2460.25
Fibria Celulose SA	FIBR3:BZ	Brazil	Paper	4989.81	31.42	9.48	1.71	18.04	297.86	-17.40	294.11
BB Seguridade Participacoes SA	BBSE3:BZ		Insurance Services & Other	15403.93	6.07%	13.09	19.42	99.99	79.46	-10.47	209.34
Itausa - Investimentos Itau SA	ITSA4:BZ	Brazil	Investment Companies	14979.49	0.83%	6.07	11.32	99.99	5.04	-3.18	187.37
JBS SA	JBSS3:BZ	Brazil	Packaged Food	8161.85	3.96%	66.12	0.17	0.26	261.84	-27.56	173.50

Top 5 Brazil Index Short Picks

value	stock	Country	Industry	MCapUSDmn	DividendYield	PE	PS	NetMarginPct	PayoutRatio	52wkchange	Score
Raia Drogasil SA	RADL3:BZ	Brazil	Food & Drug Stores	5151.95	-	00006000 51.14	1.95	0.03	-0.00	51.42	-999.99
M Dias Branco SA	MDIA3:BZ	Brazil	Packaged Food	2931.49	-	00006000 18.26	2.21	0.04	-0.00	8.15	-999.99
Cia Siderurgica Nacional SA	CSNA3:BZ	Brazil	Steel Producers	2489.74	-	299.63	0.58	0.19	-0.00	3.72	-290.63
Cia Brasileira de Distribuicao	PCAR4:BZ	Brazil	Food & Drug Stores	3196.32	0.15%	54,274.80	0.16	0.30	8.10	-45.89	-86.41
Lojas Americanas SA	LAME4:BZ	Brazil	Department Stores	5283.94	0.10%	104.63	1.20	1.15	10.46	11.15	-76.78

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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

Gerdau SA

Marcopolo SA

Embraer SA

Odontoprev SA

Kroton Educacional SA

Raia Drogasil SA

Metalurgica Gerdau SA

Estacio Participacoes SA

Usinas Siderurgicas de Minas Gerais SA

M Dias Branco SA

Telefonica Brasil SA

BRF SA

Oi SA

CCR SA

MRV Engenharia e Participacoes SA

Cyrela Brazil Realty SA Empreendimentos e Participacoes

Petroleo Brasileiro SA

JBS SA

Cia Brasileira de Distribuicao

Petroleo Brasileiro SA

CPFL Energia SA

WEG SA

Tim Participacoes SA

Qualicorp SA

Sul America SA

Natura Cosmeticos SA

Suzano Papel e Celulose 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

Banco Santander Brasil SA

Souza Cruz SA

Cia Paranaense de Energia

AES Tiete SA

Ultrapar Participacoes SA

Fibria Celulose SA

Cosan SA Industria e Comercio

Transmissora Alianca de Energia Eletrica SA

EcoRodovias Infraestrutura e Logistica SA

Cielo SA

Localiza Rent a Car SA

Hypermarcas SA

BR Properties SA

Cia Energetica de Sao Paulo

Ambev SA

Vale SA

Lojas Renner SA

Klabin SA

Multiplan Empreendimentos Imobiliarios SA

TOTVS SA

Cia Energetica de Minas Gerais

Banco Bradesco SA

BM&FBovespa SA - Bolsa de Valores Mercadorias e Futuros

Vale SA

Itausa - Investimentos Itau SA

BB Seguridade Participacoes SA

CETIP SA - Mercados Organizados

Multiplus SA

Cia de Saneamento de Minas Gerais-COPASA

Banco Bradesco SA

Duratex SA

Itau Unibanco Holding SA

Banco do Brasil SA

Bradespar SA

BR Malls Participacoes SA

Cia de Saneamento Basico do Estado de Sao Paulo

Cia Siderurgica Nacional SA