Brazil Index

By: Research Team

Comment

Best last week among stocks was BR Properties SA (BRPR3:BZ) +18.45%, Oi SA (OIBR4:BZ) +15.08%, Lojas Americanas SA (LAME4:BZ) +14.28%,

While worst last week among stocks was Eneva SA (ENEV3:BZ) -11.03%, BB Seguridade Participacoes SA (BBSE3:BZ) -7.73%, Odontoprev SA (ODPV3:BZ) -7.35%,

Best last month among stocks was Cia Siderurgica Nacional SA (CSNA3:BZ) +88.06%, Vale SA (VALE5:BZ) +47.39%, Usinas Siderurgicas de Minas Gerais SA (USIM5:BZ) +45.48%,

While worst last month among stocks was Cia Energetica de Minas Gerais (CMIG4:BZ) -12.70%, Klabin SA (KLBN4:BZ) -11.48%, Cia Energetica de Sao Paulo (CESP6:BZ) -9.76%,

Best YTD among stocks was Cia Siderurgica Nacional SA (CSNA3:BZ) +292.43%, Metalurgica Gerdau SA (GOAU4:BZ) +109.67%, Bradespar SA (BRAP4:BZ) +107.75%,

While worst YTD among stocks was Oi SA (OIBR4:BZ) -36.09%, Fibria Celulose SA (FIBR3:BZ) -29.87%, Embraer SA (EMBR3:BZ) -18.98%,

This index is the standard symmetrical index of investible Brazil stocks

Country Composition

country	Weight %
	100.00

Sector Composition

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

Key Basket Multiples

Stocks	Total MCap US mn	Payout Ratio	Div Yield	PE	NetMargin	1yr Return
76	691379.9	13.5	1.3	17.13	28.19	-0.2

Results

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

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

Citigroup Down 4%, Itau Unibanco Holding Interested in Co's Latin ...

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

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

Citigroup Down 4%, Itau Unibanco Holding Interested in Co's Latin ...

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

NYSE Movers: General Electric Company (NYSE:GE), Petroleo ...

Active Stocks: Silver Standard Resources (NASDAQ:SSRI), Petroleo ...

value	stock	Country	Industry	MCap US mn	DividendYield	PE	PS	NetMarginPct	PayoutRatio	52wkchange	Score
Braskem SA	BRKM5:BZ		Basic & Diversified Chemicals	5148.33	5.12%	6.22	0.41	6.59	31.85	94.56	166.00
Raia Drogasil SA	RADL3:BZ		Food & Drug Stores	5211.96	-	50.37	1.92	3.81	-0.00	56.37	49.03
Cia Siderurgica Nacional SA	CSNA3:BZ		Steel Producers	5225.72	-	14.18	1.16	8.18	-0.00	56.34	89.57
MRV Engenharia e Participacoes SA	MRVE3:BZ		Homebuilders	1530.28	2.94%	9.69	1.11	11.46	28.49	47.40	116.88
Hypermarcas SA	HYPE3:BZ		Specialty Pharma	5498.01	0.69%	49.33	4.61	9.35	34.04	47.35	80.63
Cia de Saneamento Basico do Estado de Sao Paulo	SBSP3:BZ		Utility Networks	5172.12	-	33.65	1.54	4.58	-0.00	44.58	54.73
BM&FBovespa SA - Bolsa de Valores Mercadorias e Futuros	BVMF3:BZ		Security & Cmdty Exchanges	8937.49	0.72%	13.96	13.90	99.57	10.05	42.05	176.93
Banco Santander Brasil SA	SANB11:BZ		Banks	20020.06	2.29%	-	-	0.00	-0.00	24.43	63.66
CETIP SA - Mercados Organizados	CTIP3:BZ		Security & Cmdty Exchanges	3182.38	0.76%	22.16	8.45	38.13	16.84	23.93	95.97
Arteris SA	ARTR3:BZ		Infrastructure Construction	992.29	1.92%	23.18	0.90	3.88	44.51	21.22	85.66
Multiplus SA	MPLU3:BZ		Advertising & Marketing	1764.74	8.93%	12.83	2.72	21.20	114.57	21.15	183.32
BR Properties SA	BRPR3:BZ		Real Estate Owners & Developers	877.93	19.57%	-	4.28	0.00	-0.00	20.25	59.48
Sul America SA	SULA11:BZ		Managed Care	1635.76	5.74%	7.58	0.31	4.09	43.51	19.16	98.40
Cia de Saneamento de Minas Gerais-COPASA	CSMG3:BZ		Utility Networks	737.48	-	-	0.67	0.00	0.00	16.95	56.17
Kroton Educacional SA	KROT3:BZ		Educational Services	5965.78	0.34%	14.85	3.94	26.53	5.05	16.66	72.62
EDP - Energias do Brasil SA	ENBR3:BZ		Utility Networks	1747.83	4.74%	4.81	0.60	12.47	22.80	15.83	85.52
Lojas Americanas SA	LAME4:BZ		Department Stores	5727.02	0.10%	90.45	1.26	1.39	9.05	13.69	-27.10
Cosan SA Industria e Comercio	CSAN3:BZ		Refining & Marketing	3716.36	3.10%	19.39	1.53	7.89	60.11	12.81	100.64
Multiplan Empreendimentos Imobiliarios SA	MULT3:BZ		Real Estate Owners & Developers	3210.18	0.18%	30.57	10.28	33.63	5.50	12.77	60.56
Transmissora Alianca de Energia Eletrica SA	TAEE11:BZ		Investment Companies	1931.27	4.79%	7.91	4.67	59.04	37.89	10.53	138.77
Tractebel Energia SA	TBLE3:BZ		Utility Networks	7137.49	1.68%	16.60	3.82	23.01	27.89	9.46	82.98
Banco Bradesco SA	BBDC3:BZ		Banks	42970.28	0.56%	9.31	0.70	7.52	5.21	6.97	49.61
Ultrapar Participacoes SA	UGPA3:BZ		Refining & Marketing	11549.49	2.21%	26.19	0.52	1.99	57.88	6.26	79.16
Centrais Eletr 0000123D icas Brasileiras SA	ELET3:BZ		Power Generation	3402.22	-	-	0.32	0.00	0.00	5.93	45.15
BR Malls Participacoes SA	BRML3:BZ		Real Estate Owners & Developers	2266.33	-	1,649.61	5.72	99.99	-0.00	5.39	615.61
Ambev SA	ABEV3:BZ		Beverages	87177.62	0.77%	24.56	6.53	26.59	18.91	4.70	64.86
Odontoprev SA	ODPV3:BZ		Managed Care	1592.77	0.78%	24.87	4.32	17.37	19.40	3.78	54.90
CCR SA	CCRO3:BZ		Infrastructure Construction	8187.97	1.75%	32.67	3.37	10.32	57.17	3.46	77.51
Lojas Americanas SA	LAME3:BZ		Department Stores	5727.02	0.14%	62.47	0.87	1.39	8.75	1.20	-11.91
CPFL Energia SA	CPFE3:BZ		Utility Networks	5649.63	2.03%	22.93	0.98	4.27	46.55	0.74	67.86
Lojas Renner SA	LREN3:BZ		Specialty Apparel Stores	3810.37	0.90%	23.23	2.13	9.17	20.91	0.64	46.71
AES Tiete SA	GETI4:BZ		Power Generation	0.00	-	-	-	0.00	0.00	-0.10	39.12
Souza Cruz SA	CRUZ3:BZ		Tobacco	0.00	-	-	-	0.00	0.00	-0.10	39.12
Itau Unibanco Holding SA	ITUB4:BZ		Diversified Banks	53563.01	0.55%	7.80	1.21	15.51	4.29	-1.02	50.21
Duratex SA 00004000	DTEX3:BZ		Wood Building Materials	1552.64	-	62.30	1.36	2.18	-0.00	-1.27	-22.16
Cielo SA	CIEL3:BZ		Consumer Finance	21738.66	1.06%	22.32	7.05	31.59	23.66	-2.44	69.71
WEG SA	WEGE3:BZ		Industrial Machinery	7023.99	0.53%	20.53	2.44	11.89	10.88	-2.88	38.58
Localiza Rent a Car SA	RENT3:BZ		Automotive Retailers	2003.21	0.02%	16.94	1.73	10.21	0.34	-3.08	29.75
Itausa - Investimentos Itau SA	ITSA4:BZ		Investment Companies	16649.95	0.16%	6.59	11.96	99.99	1.05	-4.07	211.10
M Dias Branco SA	MDIA3:BZ		Packaged Food	2594.80	-	14.94	1.95	13.05	-0.00	-5.65	31.68
Banco Bradesco SA	BBDC4:BZ		Banks	42970.28	0.67%	8.58	0.64	7.46	5.75	-5.72	38.14
Petroleo Brasileiro SA	PETR3:BZ		Integrated Oils	44733.30	-	-	0.54	0.00	0.00	-6.28	32.94
Natura Cosmeticos SA	NATU3:BZ		Household Products	3152.00	1.93%	33.79	1.38	4.08	65.21	-7.82	66.91
Banco do Brasil SA	BBAS3:BZ		Banks	18158.73	0.26%	4.29	0.27	6.29	1.12	-8.24	34.10
BB Seguridade Participacoes SA	BBSE3:BZ		Insurance Services & Other	17197.40	5.59%	14.26	21.42	99.99	79.71	-8.46	246.43
Suzano Papel e Celulose SA	SUZB5:BZ		Paper	4168.94	2.16%	14.88	1.33	8.94	32.14	-8.94	56.48
Telefonica Brasil SA	VIVT4:BZ		Telecom Carriers	19626.82	1.86%	17.04	1.65	9.68	31.69	-9.04	54.52
Cyrela Brazil Realty SA Empreendimentos e Participacoes	CYRE3:BZ		Real Estate Owners & Developers	1176.59	2.72%	8.69	0.89	10.24	23.64	-9.15	55.26
Vale SA	VALE5:BZ		Steel Raw Material Suppliers	27301.73	-	-	0.91	0.00	0.00	-10.12	29.11
EcoRodovias Infraestrutura e Logistica SA	ECOR3:BZ		Infrastructure Construction	1200.95	4.96%	38.30	1.44	3.76	189.97	-10.23	184.42
Vale SA	VALE3:BZ		Steel Raw Material Suppliers	27301.73	-	-	1.13	0.00	0.00	-10.26	28.96
Embraer SA	EMBR3:BZ		Aircraft & Parts	4365.56	-	18.24	0.67	3.67	-0.00	-10.79	13.87
Cia Paranaense de Energia	CPLE6:BZ		Utility Networks	1816.05	1.75%	6.50	0.53	8.15	11.38	-11.61	40.64
Marcopolo SA	POMO4:BZ		Auto Parts	566.65	-	24.18	0.77	3.18	-0.00	-12.96	5.27
Cia Hering	HGTX3:BZ		Department Stores	660.09	3.54%	8.42	1.45	17.22	29.81	-13.63	64.20
TOTVS SA	TOTS3:BZ		Application Software	1321.33	1.44%	23.37	2.40	10.27	33.65	-15.27	44.51
Tim Participacoes SA	TIMP3:BZ		Telecom Carriers	5301.67	2.53%	8.93	1.08	12.09	22.59	-15.76	49.22
Banco do Estado do Rio Grande do Sul SA	BRSR6:BZ		Banks	1147.93	0.35%	4.10	0.27	6.59	1.44	-15.92	27.22
Eneva SA	ENEV3:BZ		Power Generation	556.34	-	0.46	0.11	23.91	-0.00	-17.24	45.44
Gerdau SA	GGBR4:BZ		Steel Producers	3495.94	1.02%	-	0.30	0.00	-0.00	-18.39	20.83
Klabin SA	KLBN4:BZ		Paper	5553.04	2.40%	27.47	2.59	9.43	65.93	-19.08	68.03
Fibria Celulose SA	FIBR3:BZ		Paper	4823.58	1.78%	8.92	1.61	18.05	15.88	-19.19	45.04
Petroleo Brasileiro SA	PETR4:BZ		Integrated Oils	44733.30	-	-	0.41	0.00	0.00	-19.51	19.71
BRF SA	BRFS3:BZ		Packaged Food	11457.48	0.25%	16.30	1.23	7.55	4.08	-19.71	14.83
Porto Seguro SA	PSSA3:BZ		Life Insurance	2566.71	0.51%	8.94	0.49	5.48	4.56	-21.29	19.03
Cia Energetica de Sao Paulo	CESP6:BZ		Power Generation	1256.27	0.60%	-	1.60	0.00	-0.00	-21.44	17.79
Bradespar SA	BRAP4:BZ		Investment Companies	806.84	5.72%	-	-	0.00	-0.00	-23.68	15.54
Qualicorp SA	QUAL3:BZ		Professional Services	1171.43	5.34%	17.99	2.36	13.12	96.07	-26.69	103.73
Estacio Participacoes SA	ESTC3:BZ		Educational Services	1077.42	3.16%	7.74	1.28	16.54	24.46	-29.41	43.07
JBS SA	JBSS3:BZ		Packaged Food	7393.73	4.49%	5.62	0.16	2.85	25.23	-34.75	26.93
Cia Energetica de Minas Gerais	CMIG4:BZ		Utility Networks	2500.50	5.03%	3.46	0.40	11.56	17.40	-42.85	21.88
Cia Brasileira de Distribuicao	PCAR4:BZ		Food & Drug Stores	3560.72	0.12%	53.44	0.19	0.36	6.41	-45.05	-52.50
Usinas Siderurgicas de Minas Gerais SA	USIM5:BZ		Steel Producers	1052.48	-	-	0.26	0.00	0.00	-51.68	-12.45
Metalurgica Gerdau SA	GOAU4:BZ		Steel Producers	762.99	2.75%	-	0.03	0.00	-0.00	-63.09	-23.87
Oi SA	OIBR4:BZ		Telecom Carriers	210.78	-	-	0.03	0.00	0.00	-73.72	-34.50
Centrais Eletricas Brasileiras SA	ELET6:BZ		Power Generation	3402.22	-	-	0.53	0.00	0.00	41.59	80.81

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	26904.0	3.9	10.3	794505.8	29.5	43.3	2.5	3.2	15.2	18.2	-16.5	10.9	13.6	2.7	-8.9	-0.7
Consumer Discretionary	28239.3	4.1	6.6	509681.0	14.7	27.0	0.8	2.0	28.1	16.4	71.3	10.4	9.6	-0.8	6.2	3.1
Consumer Staples	120548.3	17.4	7.5	584775.3	17.5	38.0	1.0	1.8	24.6	28.2	-12.8	20.7	10.3	-10.4	0.2	12.3
Energy	104732.4	15.1	12.6	973390.4	8.5	40.8	2.4	4.4	24.5	12.4	97.6	3.4	9.7	6.3	-9.9	-21.0
Financials	259372.0	37.5	32.8	2543065.7	11.2	26.0	1.2	4.0	10.3	8.8	17.0	43.9	20.4	-23.5	2.0	3.2
Health Care	8726.5	1.3	2.3	178295.8	33.1	20.3	1.7	1.0	37.0	31.7	16.7	9.8	17.0	7.2	34.1	13.6
Industrials	21770.8	3.1	5.8	453138.2	28.6	23.4	1.5	1.8	25.7	18.6	38.2	8.8	11.4	2.6	-1.4	22.9
Materials	86387.1	12.5	7.6	590209.4	8.6	27.5	2.6	3.1	17.4	18.1	-3.9	9.7	9.8	0.1	-2.1	-0.1
Technology	1321.3	0.2	10.8	833615.6	33.7	29.2	1.4	2.3	23.4	18.9	23.8	10.3	19.8	9.5	-15.3	2.8
Utilities	33378.1	4.8	3.7	288099.0	17.0	32.2	2.4	3.1	18.4	12.4	48.4	11.8	13.4	1.6	10.2	-5.6

Top 5 Brazil Index Long Picks

value	stock	Country	Industry	MCapUSDmn	DividendYield	PE	PS	NetMarginPct	PayoutRatio	52wkchange	Score
BR Malls Participacoes SA	BRML3:BZ		Real Estate Owners & Developers	2266.33	-	1,649.61	5.72	99.99	-0.00	5.39	615.61
BB Seguridade Participacoes SA	BBSE3:BZ		Insurance Services & Other	17197.40	5.59%	14.26	21.42	99.99	79.71	-8.46	246.43
Itausa - Investimentos Itau SA	ITSA4:BZ		Investment Companies	16649.95	0.16%	6.59	11.96	99.99	1.05	-4.07	211.10
EcoRodovias Infraestrutura e Logistica SA	ECOR3:BZ		Infrastructure Construction	1200.95	4.96%	38.30	1.44	3.76	189.97	-10.23	184.42
Multiplus SA	MPLU3:BZ		Advertising & Marketing	1764.74	8.93%	12.83	2.72	21.20	114.57	21.15	183.32

Top 5 Brazil Index Short Picks

value	stock	Country	Industry	MCapUSDmn	DividendYield	PE	PS	NetMarginPct	PayoutRatio	52wkchange	Score
Cia Brasileira de Distribuicao	PCAR4:BZ		Food & Drug Stores	3560.72	0.12%	53.44	0.19	0.36	6.41	-45.05	-79.68
Oi SA	OIBR4:BZ		Telecom Carriers	210.78	-	-	0.03	0.00	0.00	-73.72	-61.67
Lojas Americanas SA	LAME4:BZ		Department Stores	5727.02	0.10%	90.45	1.26	1.39	9.05	13.69	-54.28
Metalurgica Gerdau SA	GOAU4:BZ		Steel Producers	762.99	2.75%	-	0.03	0.00	-0.00	-63.09	-51.05
Duratex SA 00004000	DTEX3:BZ		Wood Building Materials	1552.64	-	62.30	1.36	2.18	-0.00	-1.27	-49.34

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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

basketname	weekch	monthch	ytdch	yearch
Brazil Index	1.36	13.33	47.38	-24.24

name	weekch	monthch	ytdch	yearch
Russian Trading System Cash Index	-0.75	6.13	22.15	-13.51
S&P 500 Index	-1.35	-0.03	0.00	-1.25
Hong Kong Hang Seng Index	-3.91	-1.16	-6.53	-26.85
Ibovespa Brasil Sao Paulo Stock Exchange Index	-1.55	1.97	20.55	-9.98
S&P BSE SENSEX Index	-3.23	-1.21	-3.25	-8.30

Name	ChngePct	Country
Cia Siderurgica Nacional SA (CSNA3:BZ)	88.06
Vale SA (VALE5:BZ)	47.39
Usinas Siderurgicas de Minas Gerais SA (USIM5:BZ)	45.48
Bradespar SA (BRAP4:BZ)	45.39
Vale SA (VALE3:BZ)	38.19
Metalurgica Gerdau SA (GOAU4:BZ)	37.59
Gerdau SA (GGBR4:BZ)	36.04
Petroleo Brasileiro SA (PETR3:BZ)	32.21
EcoRodovias Infraestrutura e Logistica SA (ECOR3:BZ)	30.00
Petroleo Brasileiro SA (PETR4:BZ)	27.61

Name	ChngePct	Country
Cia Siderurgica Nacional SA (CSNA3:BZ)	292.43
Metalurgica Gerdau SA (GOAU4:BZ)	109.67
Bradespar SA (BRAP4:BZ)	107.75
Usinas Siderurgicas de Minas Gerais SA (USIM5:BZ)	100.70
Gerdau SA (GGBR4:BZ)	98.31
BM&FBovespa SA - Bolsa de Valores Mercadorias e Futuros (BVMF3:BZ)	89.52
Vale SA (VALE5:BZ)	81.45
EcoRodovias Infraestrutura e Logistica SA (ECOR3:BZ)	81.26
Raia Drogasil SA (RADL3:BZ)	80.97
Banco do Brasil SA (BBAS3:BZ)	80.87

Brazil Index

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Marcopolo SA

Gerdau SA

Estacio Participacoes SA

Metalurgica Gerdau SA

Raia Drogasil SA

Kroton Educacional SA

Usinas Siderurgicas de Minas Gerais SA

M Dias Branco SA

Telefonica Brasil SA

Oi SA

BRF SA

CCR SA

MRV Engenharia e Participacoes SA

Cyrela Brazil Realty SA Empreendimentos e Participacoes

Petroleo Brasileiro SA

Petroleo Brasileiro SA

Cia Brasileira de Distribuicao

JBS SA

CPFL Energia SA

WEG SA

Tim Participacoes SA

Suzano Papel e Celulose SA

Natura Cosmeticos SA

Sul America SA

Qualicorp SA

Arteris SA

Porto Seguro SA

Lojas Americanas 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

EcoRodovias Infraestrutura e Logistica SA

Transmissora Alianca de Energia Eletrica SA

Cosan SA Industria e Comercio

Cielo SA

Localiza Rent a Car SA

Hypermarcas SA

Ambev SA

Cia Energetica de Sao Paulo

BR Properties SA

Vale SA

Lojas Renner SA

Klabin SA

Multiplan Empreendimentos Imobiliarios SA

Embraer SA

Banco Bradesco SA

Cia Energetica de Minas Gerais

TOTVS 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

Banco Bradesco SA

Cia de Saneamento de Minas Gerais-COPASA

Itau Unibanco Holding SA

Duratex SA 00004000

Banco do Brasil SA

Bradespar SA

BR Malls Participacoes SA

Odontoprev SA

Braskem SA

Cia Siderurgica Nacional SA

Cia de Saneamento Basico do Estado de Sao Paulo

Centrais Eletr 0000123D icas Brasileiras SA

Centrais Eletricas Brasileiras SA

Brazil Index