Brazil · Markets
Key Facts
—The shift. Power, water and gas companies climbed from about 5% of the Ibovespa, Brazil’s main stock index, in June 2021 to nearly 16% in June 2026.
—Why it matters. The benchmark that foreign funds track is quietly tilting away from banks and miners toward steadier, dividend-paying businesses.
—Trading volume. Utilities made up 14.5% of daily turnover on the B3 exchange in 2026, up from 11.2% in 2024.






