Cia. de Saneamento Basico do Estado de Sao Paulo is the best performing stock on the Bovespa in the first half on speculation the Brazilian utility will win approval to raise rates more than in previous years.
Sabesp, as the world’s largest water utility by market value is known, has climbed 48 percent since the start of the year, the biggest gainer on the Bovespa index, which dropped 4.2 percent in the period. Brazil’s two-biggest utilities by market value, Cia. Energetica de Minas Gerais (CIG) and CPFL Energia SA (CPFE3), posted a 41 percent gain and a 2.4 percent drop, respectively.
Services and Insurance Sectors Push DFM Index Higher
The DFM General Index inched up to reach at 2,323.34 points on Wednesday 22nd May 2013.The index spending most of the session in the green zone added 3.99 points or 0.17 percent.
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Key Sectors Turn QE Index Green
The QE Index continued pacing its way higher throughout the day to close its trading in the green territory at 9,085.9 on Wednesday 22nd May 2013, achieving 0.54 percent or 48.95 points for the sessi
ADX Index Dips but Volume Improves
The ADX General Index spending most of the session below the break – even line closed in the red at 3,503.38 points on Wednesday 22nd May 2013. The index trimmed 6.26 points or 0.18 percent for the e
Bonds seen consolidating after recent rally; lack of OMO hurts
Government bonds fell for a second consecutive session on Wednesday, continuing to retreat from a recent rally as the Reserve Bank of India has yet to announce bond purchases that had been widely exp