Porto Seguro S.A. (PSSA3) Rise 0.1% on Mar 14

March 14, 2018 - By Peter Erickson

Shares of Porto Seguro S.A. (BVMF:PSSA3) last traded at 48.15, representing a move of 0.1%, or 0.05 per share, on volume of 284,500 shares. After opening the trading day at 48.1, shares of Porto Seguro S.A. traded in a close range. Porto Seguro S.A. currently has a total float of 323.30M shares and on average sees 447,642 shares exchange hands each day. The stock now has a 52-week low of 27.38 and high of 49.24.

Ibovespa: Creating Healthy Trade and Commerce

In South America, Brazil has one of the most influential economies— thanks to its thriving and healthy trade and commerce environment. It is impossible to question the nation’s fast-paced economic growth with a valuable equity market contributing a lot to the process. And among many growing companies Porto Seguro S.A. stays one of the main players there.

Brazilian Trade and Commerce

One of South America’s largest stock exchanges is the main stock exchange in Brazil, the Brazilian Mercantile and Futures (BM&F) Bovespa. Given its global dominance and influence, it has offices all over the world, particularly in big cities such as Shanghai, New York City (NYC), and London.

The pre-market trading on the BM&F Bovespa lasts for 15 minutes, starting at 9:45 a.m. and ending at 10:00 a.m; the regular trading lasts for seven and a half hours, starting at 10:00 a.m. and ending at 5:30 p.m.; and the post-market trading lasts for an hour and a half, starting at 6:00 p.m. and ending at 7:30 p.m.

The Ibovespa Brasil Sao Paulo Stock Exchange Index, on the other hand, is the market-capitalization-weighted index that tracks the 50 largest companies listed on the BM&F Bovespa, representing 70% of its total market valuation. Porto Seguro S.A. is one of the members of IBOV.

The Ibovespa is rebalanced four times a year in order to make sure that the components provide a clearer picture of the BM&F Bovespa. Eligibility for inclusion in the Ibovespa depends on several factors. First, a company must of course be listed on the BM&F Bovespa— for not less than one year. Also, 80% or more of its shares must also be traded on the BM&F Bovespa actively.


The Brazilian equity market is one of those with rich histories backing its success.

Established on August 23, 1890, the BM&F Bovespa is one of the first stock exchanges in South America. The government had a tight grip on it as a public entity during that time.

Nearly a hundred years after the establishment of the BM&F Bovespa, electronic trading had finally been implemented in 1972. A few years later, the Private System of Telephone Trading had been launched to enable trading through the telephone.

In 1997, the Mega Bolsa, an all-new and improved electronic trading system, had been introduced to replace the old one. Before the end of that decade, the Home Broker, an online trading system, has been launched to make trading at home more convenient for investors and to facilitate faster transactions.

In 2007, the BM&F Bovespa had finally become a profit entity. And it gave the green light to the Porto Seguro S.A. company. Without the government strictly interfering in its operations, the trade and commerce industry in Brazil had flourished further. On May 8, 2008, it had officially become the BM&F Bovespa after the successful merger of the BM&F Exchange and the Bovespa.

There is no better way to enter the South American equity market than to invest on BM&F Bovespa stocks; and the best time to bet on Brazil’s growth prospects in the long run is today.

More important recent Porto Seguro S.A. (BVMF:PSSA3) news were published by: Insurancejournal.com which released: “AIG Exiting Home, Personal Accident, Group Life In Brazil; Porto Seguro to Get …” on October 04, 2016, also Businesswire.com published article titled: “Brazil Insurance Industry Governance, Risk and Compliance Report 2017 …”, Bloomberg.com published: “AIG to Sell Chile, Turkey Units to Watsa as CEO Limits Focus” on October 18, 2016. More interesting news about Porto Seguro S.A. (BVMF:PSSA3) was released by: Prnewswire.com and their article: “Itau Unibanco Holding SA – Announcement to the Market: Disclosure of results …” with publication date: February 06, 2018.

Porto Seguro S.A., together with its subsidiaries, provides a range of insurance services and products to individuals, legal entities, and governmental agencies primarily in Brazil and Uruguay. The company has market cap of $15.57 billion. The firm operates through Auto insurance, Health Insurance and Plans, Life Insurance and Pension Plan, and Insurance – Other Lines divisions. It has a 14.14 P/E ratio. It offers vehicle, life and personal accident, travel, rental, and dental and health insurance products; insurance for the protection of homes, real estate and condominiums against electrical damage, fire, theft, breaking of glass, vehicle impact, civil liability, and others; insurance for the transport of goods and agribusiness; insurance for the protection of notebooks, smartphones, tablets, and photographic cameras and camcorder against theft, electrical damage, fire, lightning, and explosion and impact of vehicles and of aircraft; insurance for corporative events, private parties, or entertainment; and reinsurance products.

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