Business · Markets · 5 hrs ago
Trading in Brazil-listed BDRs rose 29.5% in 2026
Average daily trading in Brazil-listed BDRs rose 29.5% between January and September 2026, reaching R$853.94 million.
BDRs let Brazilian investors trade certificates linked to shares of companies listed abroad, and the figures cover those in B3’s BDRX index.
Investors have shown interest in international companies, including firms tied to artificial intelligence, and in diversifying beyond Brazil’s market.
Micron’s BDR trading grew 602.5%, adding R$94.35 million to average daily volume and accounting for 40.4% of the total increase.
Micron makes memory chips used to supply data to processors running AI workloads, so demand is linked to the expansion of AI infrastructure.
The growth in trading volume does not necessarily mean more investors entered the market, since existing investors may simply be trading more often.
The available figures point to a longer-term rise in BDR activity, though trading volumes can fluctuate.
Average daily trading in BDRs included in B3’s BDRX index rose 29.5% from January to September 2026.
The average reached R$853.94 million, according to a survey by Comdinheiro/Nelogica.
The increase was driven in part by interest in international companies, especially those linked to artificial intelligence and technology infrastructure.
Micron Technology’s BDR led the gains, with its average daily trading value rising 602.5%.
An investment executive said the figures may reflect more frequent trading by existing BDR investors, not a proportional increase in new investors.
- Who
- Investors trading BDRs included in B3’s BDRX index.
- What
- Average daily trading rose 29.5% to R$853.94 million.
- When
- From January to September 2026.
- Where
- B3, Brazil’s stock exchange.
- Why
- Interest in international companies, including those linked to artificial intelligence, and a search for geographic diversification amid uncertainty in Brazil’s domestic market.
This story does not have two clearly opposing sides.
Average daily trading in BDRX-listed BDRs rose 29.5% to R$853.94 million.
CNN Brasil published its report on the increase in BDR trading.
- Trading increase
- 29.5% from January to September 2026
- Average daily trading
- R$853.94 million
- Index
- BDRX, from B3
- Top contributor
- Micron Technology added R$94.35 million to average daily trading
- Micron BDR growth
- 602.5% from January to September 2026
What people are saying
The first factor is the search for exposure to popular investment themes such as semiconductors and artificial intelligence. The second is the strength of regional companies listed exclusively on the US stock exchange, such as Nubank, XP and Mercado Livre.
BDRs are seen as a safe haven for liquidity and currency protection on B3.
It is very healthy. Therefore, an increase in the volume of exposure to BDRs would be expected, which is what we have seen over a number of years.