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Marfrig in Brazil Top 50

by 5m Editor
12 October 2010, at 11:27a.m.

BRAZIL - Brazilian meat processing company Marfrig has been listed in the Brazilian top 50 on the Brazil stock exchange.

Marfrig, a global processor of beef, pork and poultry products, has been given a weighting of 0.375 per cent on the Brazil 50 Index (IbrX-50).

The IBrX-50 tracks the return of a portfolio composed of 50 stocks selected from among the most heavily traded stocks on the BM&FBOVESPA S.A. - Securities, Commodities and Futures Exchange, with each stock weighted in the portfolio based on the market value of the shares available for trade.

The IBrX-50 is as a benchmark for investors and portfolio administrators and can also serve as the underlying index for the launch of derivatives (futures, futures options and index options).