Abbott Laboratories (ABTT34) Is Yet to See Trading Action on Feb 14

February 14, 2018 - By Kurt Siggers

Shares of Abbott Laboratories (BVMF:ABTT34) closed at 46.5 yesterday. Abbott Laboratories currently has a total float of 6.69 billion shares and on average sees 160 shares exchange hands each day. The stock now has a 52-week low of 33.34 and high of 50.3.

The Brazilian Equity Market

Brazil is, in one way or another, an overlooked nation when it comes to global trade and commerce. However, there are numerous reasons to believe in its capabilities as a thriving national economy.

The Brazilian Mercantile and Futures (BM&F) Bovespa is the main Brazilian stock exchange while the Ibovespa Brasil Sao Paulo Stock Exchange Index is the benchmark Brazilian index. Only trustful companies like Abbott Laboratories take part in its work. These two play important roles in the continuous success of not just the Brazilian economy but of the whole South American economy.

The Stock Exchange

The BM&F Bovespa had been established on August 23, 1890. During its early years, it had been a public entity until its demutualization and privatization in 2007. A year later, it had been formally known as the BM&F Bovespa following the consolidation of the BM&F and Bovespa.

An early electronic trading system had not been introduced until 1972. In 1997, it had been replaced with a better one, the Mega Bolsa. In the late 1970s, the Sistema Privado de Operacões por Telefone (SPOT), a telephone trading system, had been launched. In 1999, another trading system had been implemented— this time, an online trading system for investors at home, the Home Broker. New system gives more opportunities to Abbott Laboratories investors as well.

More than 450 stocks are listed on the BM&F Bovespa as of December 2015. Its offices are located in three big cities worldwide: London, New York City (NYC), and Shanghai.

The pre-market session on the BM&F Bovespa starts at 9:45 a.m. and ends at 10:00 a.m. Then, the regular session starts at 10:00 a.m. and ends at 5:30 p.m. Lastly, the post-market session starts at 6:00 p.m. and ends at 7:30 p.m.

The Index

The Ibovespa had been established in 1968, which means that it is the oldest BM&F Bovespa index. It has a base value of 100 points and a base date of January 2, 1968.

The Ibovespa measures the 50 most active companies listed on the BM&F Bovespa based on market capitalization. To ensure an efficient representation of the BM&F Bovepsa and the entire Brazilian economy, it is rebalanced quarterly.

A company must have been listed on the BM&F Bovespa for at least 12 months in order to become eligible as a component. At least 80% of its shares must also be actively traded on the BM&F Bovespa. Luckily for Abbott Laboratories it is listed on Bovespa for some time.

With a strong inflation outlook leading industries to soar, the Ibovespa had recorded its all-time high of 73,516 points on May 20, 2008. Then, on May 29, 2008, it had recorded its best intraday high of 73,920 points.

The Ibovespa is one of the most powerful indices in South America. It represents about 70% of the overall market capitalization on the BM&F Bovespa, which is also one of the biggest stock exchanges in the region. It works with companies like Abbott Laboratories.

There is no doubt that investing in Brazil will lead to valuable growth opportunities and high returns. This is why trading on the BM&F Bovespa is strongly advised nowadays for investors who seek to succeed in the global equity market.

More notable recent Abbott Laboratories (BVMF:ABTT34) news were published by: Cnbc.com which released: “Abbott’s fourth-quarter results, 2018 profit forecast beat estimates” on January 24, 2018, also Startribune.com with their article: “St. Jude Medical delivers sales growth for Abbott Labs” published on January 25, 2018, 247Wallst.com published: “Why Analysts Keep Chasing Abbott Labs Higher and Higher” on January 25, 2018. More interesting news about Abbott Laboratories (BVMF:ABTT34) were released by: Nasdaq.com and their article: “Abbott Laboratories Reports Rise In Q4 Bottom Line” published on January 24, 2018 as well as 247Wallst.com‘s news article titled: “Top Analyst Upgrades and Downgrades: Abbott Labs, Alphabet, Amazon, GE, Gilead …” with publication date: January 30, 2018.

Abbott Laboratories manufactures and sells health care products worldwide. The company has market cap of $311.12 billion. The company's Established Pharmaceutical Products segment offers branded generic pharmaceuticals to treat pancreatic exocrine insufficiency; irritable bowel syndrome or biliary spasm; intrahepatic cholestasis or depressive symptoms; gynecological disorders; hormone replacement therapy; dyslipidemia; hypertension; hypothyroidism; M??ni??re's disease and vestibular vertigo; pain, fever, and inflammation; migraines; anti-infective clarithromycin; cardiovascular and metabolic products; and influenza vaccines, as well as to regulate physiological rhythm of the colon. It has a 171.59 P/E ratio. The Company’s Diagnostic Products segment provides immunoassay and clinical chemistry systems; assays used to screen and/or diagnosis cancer, cardiac, drugs of abuse, fertility, infectious diseases, and therapeutic drug monitoring; hematology systems and reagents; diagnostic systems and cartridges; instruments to automate the extraction, purification, and preparation of DNA and RNA from patient samples, and detects and measures infectious agents; genomic tests; informatics and automation solutions; and a suite of informatics tools and professional services.

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