CTEEP РCompanhia de Transmisṣo de Energia El̩trica Paulista (TRPL4) Dips -1.34% on Feb 16

February 16, 2018 - By Richard Conner

Shares of CTEEP РCompanhia de Transmisṣo de Energia El̩trica Paulista (BVMF:TRPL4) last traded at 65.45, representing a move of -1.34%, or -0.89 per share, on volume of 178,300 shares. After opening the trading day at 66.14, shares of CTEEP РCompanhia de Transmisṣo de Energia El̩trica Paulista traded in a close range. CTEEP РCompanhia de Transmisṣo de Energia El̩trica Paulista currently has a total float of 156.49M shares and on average sees 311,866 shares exchange hands each day. The stock now has a 52-week low of 57.7 and high of 73.25.

Ibovespa Brasil Sao Paulo Stock Exchange Index (IBOV): Driving Brazil Economy

Ibovespa Brasil Sao Paulo Stock Exchange Index (IBOV) is the main benchmark index of equities traded on Brazil’s Sao Paulo Stock Exchange, also known as Bovespa. The index market capitalization-weighted and it tracks top 50 most active and most liquid stocks on Bovespa. Components of the index make up 70% of Bovespa’s total market cap. It also includes stocks of CTEEP – Companhia de Transmissão de Energia Elétrica Paulista company.

Rebalancing of the index

IBOV is reshuffled quarterly to ensure that it remains a true representation of the most active Sao Paulo exchange stocks. When the index is rebalanced, components that have fallen short of its listing requirements are dropped and newly qualified stocks are added. Dropped stocks that regain compliance may be readmitted to replace newly removed stocks.

The index is also adjusted to reflect changes in the market cap of its components. Such changes may arise from companies issuing new stocks in right issue arrangements or outstanding convertible debts converting into equity. Ranks of CTEEP РCompanhia de Transmisṣo de Energia El̩trica Paulista guarantee better reliability.

Index listing eligibility requirements

For a stock to qualify for inclusion in the index, it must have been listed on Bovespa for at least 12 months. The stock must have more than 80% of its shares traded on the exchange. Additionally, the stock must demonstrate a certain level of liquidity. For example, [Stock’s] liquidity shows its ability to give investors’ assets back.

IBOV reached a lifetime low of 0 point in January of 1972, a result of a widespread bear run in equity markets. The index touched its lifetime high of 73516 points in May 2008, supported by gains in the country’s construction, banking and utility sector after policymakers raised inflation outlook.

The stock market

More than 450 companies are listed on Bovespa. The largest daily volume ever traded on the stock market is $14.8 billion. The record volume milestone was reached on August 17, 2011.

Bovespa was established in 1890 as a provider of stock exchange services. But the exchange was tightly controlled by the government for many years, including the government appointing brokers who operate on the exchange. But an expanding Brazilian economy and stock market necessitated reforms of the country’s securities laws. That led to the government relaxing its grip on the exchange a bit.

But a major breakthrough came in 2007 when Bovespa was demutualized so now it operates as a profit company. Bovespa operates overseas offices in New York City, London and Shanghai. The index has been upgraded multiple times, including roll out of automated systems in 1972.

Trading hours

Trading on Bovespa begins at 9.45 p.m. for a pre-market session that lasts 15 minutes and ends at 10.00 a.m. The end of the pre-market session gives way to regular trading session that begins at 10.00 a.m. and runs until 5.30 p.m. Bovespa allows post-market activity that starts at 6.00 p.m. and continues until 7.30 p.m. The market is open for trading all weekdays except on holidays. Bovespa is closed on weekends.

Interest in Brazilian stocks

Investors are piling into Brazilian stocks lately following the change in the country’s top leadership and hopes that the new administration will continue the war against corruption. Prospects of rising commodity prices and international companies expanding into the country are two other reasons investors are drawn to Brazilian equities. CTEEP – Companhia de Transmissão de Energia Elétrica Paulista raised demand for its equities as well.

More notable recent CTEEP – Companhia de Transmissão de Energia Elétrica Paulista (BVMF:TRPL4) news were published by: Reuters.com which released: “Brazil to auction power transmission licenses on April 24” on March 07, 2017, also Prnewswire.com with their article: “Brazil Power Sector Outlook 2016” published on September 25, 2012, Prnewswire.com published: “Electric Power & Distribution Transformers Market 2016-2026” on March 24, 2016. More interesting news about CTEEP – Companhia de Transmissão de Energia Elétrica Paulista (BVMF:TRPL4) were released by: Gurufocus.com and their article: “Interconexion Electrica’s Fiscal 2016 Operations” published on May 03, 2017 as well as Reuters.com‘s news article titled: “CTEEP Companhia de Transmissao de Energia Eletrica Paulista to issue up to 3.5 mln preferred shares” with publication date: April 06, 2016.

CTEEP – Companhia de Transmiss??o de Energia El??trica Paulista, together with its subsidiaries, operates as a private concessionaire of electricity transmission in Brazil. The company has market cap of $10.24 billion. The firm has a total installed capacity of 45,751 mega volt amp??re comprising 13,724 kilometers of power lines; 19,189 kilometers of circuits; 2,280 kilometers of fiber optic cables; and 107 substations. It has a 7.64 P/E ratio. The Company’s principal clients include other electric power utility concessionaires.

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