Brazilian companies in NY

ADRs from Brazilian companies are a hit at the NYSE. Never before was the negotiated volume as high as in the first quarter of this year - reaching USD 61,5 billion, twice as much as in the past year during that period. The demand for ADRs from Brazilian companies even surpassed the ones from countries like the UK and China. This makes Brazilian one of the most procured countries according to a survey by the Bank of New York.

Negotiated Brazilian ADRs rose 19,5% this year at the Wall Street, compared to the ones of Chinese companies (19,1%), Asian (9,8%) other emerging countries (12,7%), with metallurgic companies like CSN and Usiminas facing the highest demand (plus 47% and 57%). In terms of volume Petrobrás is the star with an approximate USD 7 billion. The paper of the state-owned company was the most negotiated one, leaving more than 450 other companies behind incl. British Petroleum (USD 4,5 billion).