Índice Bovespa
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The Bovespa Index (Índice Bovespa) is an index of about 50 stocks that are traded on the São Paulo Stock Exchange (Bovespa: BOlsa de Valores dE São PAulo).
The index is composed by a theoretical portfolio with the stocks that accounted for 80% of the volume traded in the last 12 months and that were traded at least on 80% of the trading days. It's revised quarterly, in order to keep its representitiviness of the volume traded and in average the components of Ibovespa represent 70% of the all the stock value traded.
Its index number represents the present value of a portfolio built in January 2nd, 1968, considering that no additional investment was made, except the reinvestment of all dividends, subscription rights sell and bonus stocks received.
For a list of the components of the index, check the article List of companies traded at Bovespa.
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