The Bovespa index is the main index on the stock market in which South American country?
B3 (stock exchange) indexes: IBOVESPA: Total return index comprising the most representative companies in the market, both by market cap and traded volume. It is the benchmark index of São Paulo Stock Exchange. It is the oldest BOVESPA index, and it is being broadcast since 1968. IBRX 50: Also called Brasil 50, it comprises the 50 most traded equities at BOVESPA. IBRX: It has the same purpose of IBRX 50, but embracing the 100 most traded equities. IBRA: Brazil Broad-Based Index, it comprises a wider range of companies, aiming to embrace 99% of all companies already selected for any other exchange indexes. Its
Stock market index Stock market index A stock index or stock market index is a measurement of a section of the stock market. It is computed from the prices of selected stocks (typically a weighted average). It is a tool used by investors and financial managers to describe the market, and to compare the return on specific investments. Two of the primary criteria of an index are that it is "investable" and "transparent": the method of its construction should be clear. Many mutual funds and exchange-traded funds attempt to "track" an index (see index fund) with varying degrees of success. The difference between