After writing about the worst Brazilian stocks of 2011 last week, here we go the other direction and show the “bull” within us by listing the 19 best performing Brazilian stocks of 2011, according to Valor Economico

(The performances are year-to-date on the Ibovespa, as of 25th November.)
 The stocks in bold are the ones that have ADRs (here is the full list) trading in US exchanges. 

Hats off to Cielo and Redecard…


1. Redecard ON (software & data): 49.6%
2. Cielo ON (software & data): 48%
3. Cia Hering ON (consumer goods): 39.4%
4. Souza Cruz ON (tobacco): 34.87%
5. Telefonica Brasil ON (telecom): 30.41% (NYSE: VIV)
6. BRF Foods ON (food & beverage): 26.76% (NYSE: BRFS)
7. Tim Part. ON (telecom): 24.86% (NYSE: TSU)
8. Klabin PN (materials): 23,46%
9. Eletropaulo PN (utilities): 21.5%
10. AmBev PN (food & beverage): 19.99% (NYSE: ABV)
11. Ultrapar ON (chemical): 18.93%
12. CPFL Energia ON (utilities): 18.27% (NYSE: CPL)
13. Cemig PN (utilities): 16.79% (NYSE: CIG)
14. Sabesp ON (utilities): 15.10% (NYSE: SBS)
15. Cesp PNB (utilities): 14.54%
16. Light ON (utilities): 9.32%
17. BR Malls Part. ON (real estate): 7.74%
18. CCR ON (transport): 4.22%
19. Trans. Paulista PN (utilities): 1.34%

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