Share Performance of Brazilian Companies in 1Q25

The first quarter of 2025 had intense financial market dynamics, with significant movements for shares of Brazilian companies traded on B3 3 and American stock exchanges (NYSE e Nasdaq). Within this context, the “Market Performance – 1Q25” study released today by MZ brings a comprehensive analysis on the evolution of share prices, traded volume and market value of 305 publicly listed companies among the 350 that we monitor. This material, prepared with FactSet data and focusing on effective investor communication strategies, serves as an indispensable tool for Investor Relations professionals.

Considering this, MZ, who is constantly seeking to empower IR professionals by offering cutting-edge technology, exceptional customer service, and disseminating relevant content such as this, elaborates on the key findings from this Study, discussing how the systematic monitoring of market performance can guide decision-making processes, strengthen the corporate narrative and increase market predictability and confidence. Below, we provide details on the key highlights by stock exchange, market value range, variations by sector, and key performance data, analyzing the strategic implications of this data for Investor Relations.

Profile of the Analyzed Companies

MZ monitored 350 companies, with 305 of them experiencing active share trading during 1Q25. Most of these companies (95.4%) are listed on B3, while 4.6% are traded on NYSE or Nasdaq, and one company has its shares traded on TSX, in Canada. Among the companies listed on B3, 62% are part of the Novo Mercado segment, reinforcing commitment to high corporate governance standards. This data is relevant for Investor Relations professionals, as it indicates a potentially more discerning audience keenly focused on the quality of disclosures.

Market Value and Liquidity

The aggregate market value of these 305 companies totaled R$4.5 trillion at the end of March. An important fact is that 35.1% of these companies had a market value of less than R$1 billion, which may indicate lower liquidity and an even greater need for proactive Investor Relation strategies, particularly for their communication. In contrast, companies with market value above R$50 billion (6.2%) had the highest percentage of appreciation in share value (above 80% of companies), proving the trend of capital concentration and market attention, intensifying the difficulties faced by micro and small caps. 

Share Performance in 1Q25

A majority (65.6%) of the analyzed companies had appreciation in share value during the first quarter, predominantly within the 0.1% to 10% range (accounting for 27.5% of all companies). This data indicates a gradual recovery or stability in key sectors. On the other hand, 34.4% of companies had a drop in share price, with 16% of them experiencing losses of more than 10%. This type of information is valuable for Investor Relation professionals to understand how the market is pricing the results for 4Q24, as well as macro events and the new expectations by the market, which can help in reassessing the messages released by companies.

Highlighted Sectors

Thirteen of the twenty sectors analyzed had more than half of their companies with positive performance. The Education (100%), Technology (87%) and Electric Energy (85%) sectors stood out. On the other hand, sectors such as Insurance (22.2%) and Food & Beverages (33.3%) had a lower performance. This data helps Investor Relations professionals contextualize the company’s performance within its sector and refine its institutional narrative for investors and stakeholders.

Individual Performances and Rankings

Among the companies listed on B3, the ranking was led by Casas Bahia (B3: BHIA3), with a significant increase of 211.1%, followed by Oncoclínica (B3: ONCO3) with 159.4%. Among the Brazilian companies listed on American stock exchanges, Vasta Platform (NASDAQ: VSTA) stood out with a 109.7% increase in value. Nu (NASDAQ: NU), in addition to leading in market value among Brazilian companies in the US, also stood out for having the highest average trading volume, reinforcing its position as a blue-chip player in the Brazilian fintech ecosystem.

These leaders are important for benchmarking purposes and help Investor Relations professionals identify good practices in communication, earnings disclosures and investor relations. Observing the strategies of highly valued companies can inspire improvements and adjustments in market relations.

Traded Volume and Visibility

On B3, Vale (B3: VALE3) led in average trading volume, with more than R$1.5 billion daily, followed by Petrobras (B3: PETR4) and Itaú Unibanco (B3: ITUB4). This data is essential for Investor Relations professionals to understand the company’s level of market visibility and liquidity. In the international market, Nu also led in liquidity, with an average trading volume of almost US$550 million.

Outlook by Index

The analysis also included the main B3 indexes, such as IBOVESPA, IBRX-100, SMLL, ISE and IDIVERSA. All indexes had a positive performance in 1Q25, with highlights to SMLL (Small Caps), which increased by 8.9%. The behavior of these indexes is relevant not only for benchmark monitoring, but also for a company’s institutional positioning among diverse investor profiles.

Summarizing in a few paragraphs

The study on market performance in 1Q25, prepared by MZ on a quarterly basis, highlights that constant monitoring of shares and their peers is crucial for Investor Relations professionals to perform efficiently. More than a retrospective analysis, the study supports the construction of narratives that are aligned with market interests and enables a more refined understanding of the company’s positioning within its sector and the market in general.

Understanding the factors that influence share price movements, including operational results, sector trends, and the macroeconomic scenario, enables clearer, quicker, and strategic communication with investors. Investor Relations professionals who master this data enhance their ability to positively influence market perception, directly contributing to consolidating an image of transparency, value, and trust.

Data-driven performance strengthens governance and boosts companies’ competitiveness in the capital markets. In an increasingly dynamic and competitive environment, intelligent market monitoring and evidence-based actions are essential differentiators for a successful Investor Relations strategy.

MZ, as the leading solutions provider for empowering investor relations professionals, from companies to investment managers, reinforces its commitment to helping companies and their IR professionals to communicate increasingly better and more frequently with the market. We hope to have helped with information about this Study, which we consider very important for companies and the IR ecosystem. If you have any questions, we are always here at your service!😉

External Communications and MZ Research Team

About MZ

MZ (www.mzgroup.com.br) is the largest and leading independent global player in investor relations (IR) solutions.

Founded in 1999, the Company has surpassed the mark of 2,000 websites published, currently serving over 800 companies and investment management firms listed on 12 stock exchanges.

To empower IR strategies, MZ delivers innovative technologies and exceptional customer service, ensuring long-term partnerships.