SAO PAULO, Oct 13 (Reuters) – Brazilian stock exchange B3 SA Brasil Bolsa is considering including Brazilian Depositary Receipts, representing shares of companies listed abroad, in the calculations of the benchmark index Bovespa , newspaper O Estado de S. Paulo reported on Wednesday.
BDRs, as the receipts are known, are barred from the index due to typically low trading volumes. But the debut of the BDRs of Brazilian broker XP Inc, listed on Nasdaq, had trading volume larger than blue chips such as Petroleo Brasileiro SA and Vale.
B3 did not immediately respond to a Reuters request for comment. (Reporting by Tatiana Bautzer, Editing by Louise Heavens)
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