Brazil shares higher at close of trade; Bovespa up 1.60%

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Brazil shares higher at close of trade; Bovespa up 1.60%
Credit: © Reuters.

Investing.com – Brazil equities were higher at the close on Wednesday, as gains in the Consumption , Basic Materials and Financials sectors propelled shares higher.

At the close in Sao Paulo, the Bovespa gained 1.60%.

The biggest gainers of the session on the Bovespa were Estacio Participacoes SA (SA: ESTC3 ), which rose 10.00% or 2.61 points to trade at 28.70 at the close. Viavarejo Unt (SA: VVAR11 ) added 6.04% or 1.53 points to end at 26.85 and Magazine Luiza SA (SA: MGLU3 ) was up 5.39% or 5.74 points to 112.21 in late trade.

Biggest losers included Natura Cosmeticos SA (SA: NATU3 ), which lost 3.41% or 1.29 points to trade at 36.50 in late trade. Suzano Papel e Celulose SA (SA: SUZB3 ) declined 3.26% or 1.50 points to end at 44.49 and BRF SA (SA: BRFS3 ) shed 2.46% or 0.59 points to 23.36.

Advancing stocks outnumbered falling ones by 252 to 174 and 21 ended unchanged on the BM&FBovespa Stock Exchange.

The CBOE Brazil Etf Volatility , which measures the implied volatility of Bovespa options, was up 2.05% to 28.87.

In commodities trading, Gold Futures for June delivery was unchanged 0.00% or 0.00 to $1290.30 a troy ounce. Meanwhile, Crude oil for delivery in June rose 0.35% or 0.25 to hit $71.56 a barrel, while the July US coffee C contract rose 0.21% or 0.25 to trade at $117.28 .

USD/BRL was up 0.56% to 3.6745, while EUR/BRL rose 0.30% to 4.3390.

The US Dollar Index Futures was up 0.13% at 93.26.

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