Brazil shares higher at close of trade; Bovespa up 1.16%

Investing.com – Brazil equities were higher at the close on Thursday, as gains in the Basic Materials , Public Utilities and Industrials sectors propelled shares higher.

At the close in Sao Paulo, the Bovespa gained 1.16% to hit a new all time high.

The biggest gainers of the session on the Bovespa were Via Varejo SA (SA: VVAR3 ), which rose 6.40% or 0.33 points to trade at 5.49 at the close. CCR SA (SA: CCRO3 ) added 5.54% or 0.75 points to end at 14.28 and Kroton Educacional SA (SA: KROT3 ) was up 5.54% or 0.60 points to 11.44 in late trade.

Biggest losers included Log Commercial Properties e Participacoes SA (SA: LOGG3 ), which lost 2.08% or 0.40 points to trade at 18.80 in late trade. Magazine Luiza SA (SA: MGLU3 ) declined 1.25% or 2.12 points to end at 167.48 and Fleury SA (SA: FLRY3 ) shed 0.95% or 0.21 points to 22.00.

Advancing stocks outnumbered falling ones by 269 to 185 and 25 ended unchanged on the BM&FBovespa Stock Exchange.

The CBOE Brazil Etf Volatility , which measures the implied volatility of Bovespa options, was down 0.37% to 32.34.

In commodities trading, Gold Futures for February delivery was down 0.35% or 4.45 to $1279.55 a troy ounce. Meanwhile, Crude oil for delivery in March rose 1.16% or 0.61 to hit $53.23 a barrel, while the March US coffee C contract rose 2.51% or 2.60 to trade at $106.00 .

USD/BRL was up 0.22% to 3.7732, while EUR/BRL fell 0.39% to 4.2678.

The US Dollar Index Futures was up 0.48% at 96.232.