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Capital Markets
CSN’s shares are traded on the São Paulo Stock Exchange (BOVESPA-CSNA3) and its ADRs are traded on the New York Stock Exchange (NYSE-SID). In 2008, daily traded volume averaged R$ 147 million on the Bovespa and US$ 135 million on the NYSE, 59% and 110% up, respectively, on the previous year, consolidating CSN’s position among those companies with the highest liquidity.
CSN´s São Paulo office
The Company’s shares are also included in some of the most important market indices, including the Brazil Index (IbrX), the Brazil Index 50 (IbrX-50), the Industrial Sector Index (INDX) and the Mid-Large Cap Index (MLCX), as well as occupying sixth place in the IBOVESPA’s theoretical portfolio.
Share Performance
The international financial crisis strongly jeopardized stock markets around the world, reducing investor confidence, and the Bovespa and NYSE closed the year 41% and 34% down respectively. CSN’s shares, strongly impacted by the decline in international commodity prices, recorded downturns of 43% in São Paulo and 56% in New York, closing at R$ 29.00 per share and US$ 12.81 per ADR.
In the last 5 years, CSN shares have appreciated by more than 240% more than three times the variation in the Ibovespa in the same period
Shareholder Payments - Top
In addition to the appreciation of their shares, dividend payments have also been a significant source of value for shareholders. Over the last five years, the Company has paid around R$ 8 billion in dividends and interest on capital. In 2008 alone, it paid out R$ 2.1 billion on 2007 results, as well as R$ 160 million as an advance on 2008’s results.
This performance has been attracting the attention of investors both in Brazil and abroad.
Ship being loaded with iron ore in Itaquaí (RJ)
In 2008, CSN approved the payment of R$ 2.1 billion to shareHolders
Steel rolling in the Getúlio Vargas Steelworks