The Brazil Securities Commission has published its first quarter 2026 Economic Bulletin showing that securities issuance reached BRL 207.6 billion by the end of the quarter, up 19.8% from the same period of 2025. The bulletin points to a rebound in share offerings, which totaled BRL 13.6 billion from January to March and nearly matched the BRL 15.5 billion recorded in the previous year, while the number of CVM-regulated participants rose to 92,929. Within the regulated population, the number of securities consultants increased 6.4% and investment funds increased 1.5% relative to December 2025. Crowdfunding offerings through electronic participatory investment platforms under CVM Resolution 88 also expanded, with the number of issuances rising 66.7% year on year to 245 and financial volume increasing 83.3% to BRL 1.1 billion. The bulletin estimates the total regulated market at BRL 52.91 trillion, or BRL 19.20 trillion excluding the notional value of derivatives, up 4.3% and 6.7% respectively from the end of 2025. Equity market capitalization rose 12.6% to BRL 5.37 trillion and the investment fund industry grew 4.8% to BRL 11.66 trillion. Its risk map showed quarter-on-quarter changes across all main indicators, with market risk rising sharply to 2.7 points on a 1 to 5 scale amid higher fixed income and equity volatility.

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