1 month ago
Stock Market

Brazil stocks higher at close of trade; Bovespa up 1.42%

Investing.com – Brazil stocks were higher after the close on Wednesday, as gains in the Basic Materials, Consumption and Industrials

Investing.com – Brazil stocks were higher after the close on Wednesday, as gains in the Basic Materials, Consumption and Industrials sectors led shares higher.

At the close in Sao Paulo, the Bovespa gained 1.42%.

The best performers of the session on the Bovespa were Vale SA (SA:VALE3), which rose 9.03% or 3.86 points to trade at 46.60 at the close. Meanwhile, Bradespar SA (SA:BRAP4) added 7.89% or 2.10 points to end at 28.72 and Marfrig Alimentos SA (SA:MRFG3) was up 5.75% or 0.34 points to 6.25 in late trade.

The worst performers of the session were Cia de Saneamento Basico do Estado (SA:SBSP3), which fell 3.13% or 1.39 points to trade at 43.01 at the close. Suzano Papel e Celulose SA (SA:SUZB3) declined 2.94% or 1.41 points to end at 46.60 and CCR SA (SA:CCRO3) was down 2.88% or 0.45 points to 15.20.

Rising stocks outnumbered declining ones on the BM&FBovespa Stock Exchange by 281 to 161 and 32 ended unchanged.

The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 1.94% to 32.38.

Gold Futures for February delivery was up 0.74% or 9.70 to $1318.60 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March rose 1.80% or 0.96 to hit $54.27 a barrel, while the March US coffee C contract fell 0.49% or 0.50 to trade at $102.10 .

USD/BRL was down 0.96% to 3.6843, while EUR/BRL fell 0.49% to 4.2312.

The US Dollar Index Futures was down 0.45% at 95.090.