SÃO PAULO – On the first day that unskilled Brazilian investors (with less than R $ 1 million in financial investments) were able to trade receipts for foreign shares at B3, the BDRs of retailers GAP and Macy’s topped the biggest highs in the trading session.
They rose 13.44% and 11.68%, in that order, according to data from financial information provider Economatica. Considering only BDRs with financial volume traded above R $ 100 thousand on the day, the biggest increases were, in addition to GAP, Sterling Bancorp (+ 6.69%) and Delta Airlines (+ 6.54%).
BDRs are certificates that represent shares issued by companies in other countries, but which are traded here, on the floor of B3 (see more by clicking here). It is as if they were securities backed by the shares of foreign companies.
On the other side of the exchange, the BDRs that fell the most in the session were those from Union Pacific Corp, down 9.72% on Thursday, and those from Tractor Supply Co, which lost 8.49% on the day. Both papers had a turnover above R $ 200 thousand today.
See below what were the biggest increases among the BDRs traded at B3 today, considering only papers with a turnover above R $ 100 thousand.
| Company | Code | Change in day |
| GAP | GPSI34 | +13,44% |
| Sterling Bancorp | SLBC34 | +6,69% |
| Delta Airlines | DEAI34 | +6,54% |
| AT&T Inc | ATTB34 | +5,90% |
| Booking Holding Inc | BKNG34 | +5,39% |
See below what were the biggest losses among BDRs traded at B3 today, considering only papers with a turnover above R $ 100 thousand.
| Company | Code | Change in day |
| Union Pacific Corp | UPAC34 | -9,72% |
| Tractor Supply Co | TISC34 | -8,49% |
| Citrix Systems Inc | CITX34 | -7,93% |
| Whirlpool Corp | WIHR34 | -5,35% |
| Chipotle Mexican Grill Inc | CIMG34 | -5,13% |
Accumulated in 2020, the BDR that rises the most in B3, considering only papers with an average daily turnover above R $ 100 thousand, is Tesla, by Elon Musk, with a 621.3% increase.
Then, the technology multinational Nvidia Corp sees its role rise 216.4% this year on the Brazilian stock exchange. The third position belongs to the BDR of the Argentine Mercado Libre, with an accumulated appreciation of 207.6%.
On the opposite end, the three biggest declines among B3 BDRs in 2020 are from Wells Fargo & Company (-38.13%), Exxon Mobil (-27.68%) and AT&T Inc (-0.11%) ) – this considering only papers with more than R $ 100 thousand in average daily volume traded.
New rule
With trading hitherto restricted to qualified investors, with at least R $ 1 million in financial investments, the certificates traded at B3 that represent shares of foreign companies or ETFs traded in a “recognized market” are now widely available, according to a press release. by B3 this week.
The changes in the rules were announced by the Brazilian Securities and Exchange Commission (CVM) in August and came into force on September 1, but still depended on the definition of the so-called “recognized markets” by B3, with final approval by the CVM, to actually be implemented – what happened the day before yesterday.
Thus, any individual investor in B3 can now own shares and be a partner in large companies such as Google, Facebook, Netflix, Amazon, Microsoft, Nike, Alibaba, among others.
New BDRs
There are currently 671 BDR alternatives on the Brazilian stock exchange. In the course of October, about 120 new programs were announced, with emphasis on those from non-American companies.
BHP, Ryanair, Weibo, AstraZeneca, Novartis, Unilever, Credit Suisse, HSBC, Royal Dutch Shell and Mitsubishi UFJ Financial Group are among the main names announced in the new wave of BDRs by B3.
The size of the standard BDR trading lot on the secondary market was reduced in September to just one unit. Check the complete list of BDRs available for trading on here.
Recommended wallet
XP Investimentos has launched a recommended portfolio of BDRs to assist investors who want to have receipts for shares of foreign companies traded on the Brazilian stock exchange. See the list below and click here to read the perspectives for each company.
Invest in the BDRs of the best companies on the planet with the help of the best advice: open a free XP account!
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