Brazil shares higher at close of trade; Bovespa up 2.94%

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Brazil shares higher at close of trade; Bovespa up 2.94%
Credit: © Reuters. – Brazil equities were higher at the close on Friday, as gains in the Financials , Real Estate and Basic Materials sectors propelled shares higher.

At the close in Sao Paulo, the Bovespa added 2.94%.

The biggest gainers of the session on the Bovespa were Centrais Eletricas Brasileiras SA (SA: ELET3 ), which rose 8.65% or 1.99 points to trade at 25.00 at the close. Braskem SA (SA: BRKM5 ) added 7.46% or 3.71 points to end at 53.41 and Gerdau SA Pref (SA: GGBR4 ) was up 7.26% or 1.10 points to 16.25 in late trade.

Biggest losers included JBS SA (SA: JBSS3 ), which lost 1.58% or 0.18 points to trade at 11.22 in late trade. Suzano Papel e Celulose SA (SA: SUZB3 ) declined 1.40% or 0.55 points to end at 38.60 and Cielo SA (SA: CIEL3 ) shed 0.81% or 0.08 points to 9.75.

Advancing stocks outnumbered falling ones by 295 to 111 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 5.75% to 36.23 a new 3-month low.

In commodities trading, Gold Futures for December delivery was up 1.94% or 23.30 to $1222.50 a troy ounce. Meanwhile, Crude oil for delivery in December rose 0.55% or 0.31 to hit $56.77 a barrel, while the December US coffee C contract rose 2.48% or 2.73 to trade at $112.78 .

USD/BRL was down 1.06% to 3.7439, while EUR/BRL fell 0.36% to 4.2722.

The US Dollar Index Futures was down 0.49% at 96.32.

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