Brazil shares higher at close of trade; Bovespa up 0.87%

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Brazil shares higher at close of trade; Bovespa up 0.87%
Credit: © Reuters. – Brazil equities were higher at the close on Wednesday, as gains in the Financials , Consumption and Industrials sectors propelled shares higher.

At the close in Sao Paulo, the Bovespa rose 0.87%.

The biggest gainers of the session on the Bovespa were BRF SA (SA: BRFS3 ), which rose 5.28% or 1.13 points to trade at 22.54 at the close. Embraer SA (SA: EMBR3 ) added 3.97% or 0.89 points to end at 23.29 and Cosan SA Industria e Comercio (SA: CSAN3 ) was up 3.98% or 1.55 points to 40.46 in late trade.

Biggest losers included Marfrig Alimentos SA (SA: MRFG3 ), which lost 5.75% or 0.50 points to trade at 8.20 in late trade. MRV Engenharia e Participacoes SA (SA: MRVE3 ) declined 4.24% or 0.65 points to end at 14.69 and Suzano Papel e Celulose SA (SA: SUZB3 ) shed 2.91% or 1.07 points to 35.70.

Declining stocks outnumbered rising ones by 236 to 197 and 35 ended unchanged on the BM&FBovespa Stock Exchange.

The CBOE Brazil Etf Volatility , which measures the implied volatility of Bovespa options, was down 3.06% to 31.04.

In commodities trading, Gold Futures for June delivery was up 0.77% or 10.40 to $1356.30 a troy ounce. Meanwhile, Crude oil for delivery in May rose 1.97% or 1.29 to hit $66.80 a barrel, while the May US coffee C contract rose 0.60% or 0.70 to trade at $118.28 .

USD/BRL was down 0.81% to 3.3820, while EUR/BRL fell 0.71% to 4.1824.

The US Dollar Index Futures was down 0.11% at 89.22.

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