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Brazil shares higher at close of trade; Bovespa up 0.88%

Published 07-08-2024, 02:00 am
© Reuters Brazil shares higher at close of trade; Bovespa up 0.88%
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Investing.com – Brazil equities were higher at the close on Tuesday, as gains in the Financials, Public Utilities and Real Estate sectors led shares higher.

At the close in Sao Paulo, the Bovespa rose 0.88%.

The biggest gainers of the session on the Bovespa were Banco Bradesco SA (BVMF:BBDC3), which rose 3.83% or 0.47 points to trade at 12.74 at the close. Banco Bradesco SA Pref (BVMF:BBDC4) added 3.75% or 0.51 points to end at 14.12 and Natura & Co SA (BVMF:NTCO3) was up 3.53% or 0.52 points to 15.26 in late trade.

Biggest losers included Grupo Vamos SA (BVMF:VAMO3), which fell 9.59% or 0.86 points to trade at 8.11 in late trade. Companhia Brasileira De Distribuica (BVMF:PCAR3) declined 5.86% or 0.18 points to end at 2.89 and YDUQS Participacoes SA (BVMF:YDUQ3) down 4.66% or 0.50 points to 10.24.

Falling stocks outnumbered advancing ones by 481 to 465 and 59 ended unchanged on the B3 Stock Exchange.

Shares in YDUQS Participacoes SA (BVMF:YDUQ3) fell to 52-week lows; down 4.66% or 0.50 to 10.24.

The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was up 5.22% to 33.47 a new 6-month high.

Gold Futures for December delivery was down 0.60% or 14.70 to $2,429.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September rose 0.10% or 0.07 to hit $73.01 a barrel, while the September US coffee C contract rose 4.55% or 10.28 to trade at $235.98 .

USD/BRL was down 1.15% to 5.66, while EUR/BRL fell 1.67% to 6.19.

The US Dollar Index Futures was up 0.25% at 102.74.

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