Brazil shares higher at close of trade; Bovespa up 2.01%

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

At the close in Sao Paulo, the Bovespa added 2.01% to hit a new 1-month high.

The biggest gainers of the session on the Bovespa were BRF SA (SA: BRFS3 ), which rose 9.55% or 2.01 points to trade at 23.05 at the close. Usinas Siderurgicas de Minas Gerais (SA: USIM5 ) added 8.01% or 0.82 points to end at 11.06 and Cia Siderurgica Nacional SA (SA: CSNA3 ) was up 6.21% or 0.54 points to 9.23 in late trade.

Biggest losers included EDP - Energias do Brasil SA (SA: ENBR3 ), which lost 2.78% or 0.39 points to trade at 13.65 in late trade. Raia Drogasil SA (SA: RADL3 ) declined 1.69% or 1.19 points to end at 69.35 and Suzano Papel e Celulose SA (SA: SUZB3 ) shed 1.43% or 0.54 points to 37.35.

Advancing stocks outnumbered falling ones by 227 to 168 and 29 ended unchanged on the BM&FBovespa Stock Exchange.

The CBOE Brazil Etf Volatility , which measures the implied volatility of Bovespa options, was down 6.17% to 26.59 a new 1-month low.

In commodities trading, Gold Futures for June delivery was up 0.21% or 2.80 to $1352.30 a troy ounce. Meanwhile, Crude oil for delivery in May rose 3.44% or 2.29 to hit $68.81 a barrel, while the July US coffee C contract rose 0.91% or 1.05 to trade at $116.97 .

USD/BRL was down 0.66% to 3.3811, while EUR/BRL fell 0.66% to 4.1856.

The US Dollar Index Futures was up 0.13% at 89.34.