Banks to top Brazil stock market index Canada Goose Coats On Sale weightings under proposal
SAO PAULO, April 16 (Reuters) Brazilian banks would become the top weighted companies in the country benchmark stock index, outranking energy canadian goose jacket and mining companies, under a proposed modification by the country stock market operator.
Brazil sole listed financial bourse BM SA offered a Canada Goose Jackets second preview on Wednesday for its proposals to modify the benchmark Bovespa stock index Canada Goose online for the May through August period.
Under the latest proposal, shares of Brazil largest non government bank, Itau canada goose coats on sale Unibanco Holding SA, would carry a 9.52 percent weighting on the canada goose index Canada Goose Parka under the Canada Goose Outlet proposals, up from 9.41 percent in the prior preview released on April 1.
Rival Banco Bradesco saw its weighting rise to 7.6 percent from 7.25 percent in the earlier preview.
Both banks will surpass preferred shares of state run oil firm Petroleo Brasileiro SA, known as Petrobras, and preferred shares of Vale, which cheap canada goose uk now hold the top canada goose uk black friday weightings in the canada goose coats index with 7.81 percent and 7.34 percent, respectively.
Petrobras has canada goose clearance sale lost about half of uk canada goose outlet its market value over the past three years, hurt by a government cheap Canada Goose policy cheap canada goose that forces the company to sell canada goose black friday sale imported fuel at a loss to tamp down buy canada goose jacket cheap inflation.
BM makes modifications to the index canada goosesale goose uk outlet every four canada goose uk shop months. A new Bovespa index weighting scheme uk canada goose this year takes into account market value as opposed to buy canada goose jacket trading volume, which was used canada goose factory sale in previous years.
Shares of mining company MMX Minerao e Metlicos Canada Goose Online SA were included in BM preview, increasing the likelihood that they will be added to the official Canada Goose sale index for the period.
BM proposes removing from the index the canada goose clearance shares of medical diagnostics firm Diagnsticos da Amrica SA, known as Dasa SA. Logistics firm Prumo Logistica SA, formerly canada goose store known as LLX, was re included in the second preview after having been excluded from the April 1 preview.