Number of Brazil individual investors in equities more than doubles, says B3
25/11/2020 12:41
SAO PAULO, Nov 25 (Reuters) - The number of individual
investors trading on Brazil's stock exchange operator B3 SA
B3SA3.SA more than doubled in October from a year earlier, the
company said in a securities filing late on Tuesday.
The avalanche of new investors come as Brazil's benchmark
interest rates are at record low levels, fuelling investors'
appetite for higher potential returns from equities. Still, the
benchmark stock index is down 5% this year.
B3 ended October with 3.2 million individual investors, up
106.9% year-over-year and 2.6% from the previous month, a record
level.
Trading volumes soared 71.8% in October year-on-year to 27.6
billion reais, and 1.3% in a month, B3 added.
Driven by investors' appetite for equities, initial public
offerings by Brazilian companies this year rose 133% from the
previous year, to $6.4 billion, according to Refinitiv, with 26
companies listing their shares.
(Reporting by Paula Laier, writing by Carolina Mandl)
((carolina.mandl@thomsonreuters.com; +55 11 5644 7703; +55 11
97116-3806;))