Brazil shares higher at close of trade; Bovespa up 0.55%

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Brazil shares higher at close of trade; Bovespa up 0.55%
Credit: © Reuters.

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

At the close in Sao Paulo, the Bovespa added 0.55% to hit a new 1-month high.

The biggest gainers of the session on the Bovespa were Metalurgica Gerdau SA (SA: GOAU4 ), which rose 7.11% or 0.150 points to trade at 2.260 at the close. Gerdau SA (SA: GGBR4 ) added 5.90% or 0.37 points to end at 6.64 and Vale SA (SA: VALE3 ) was up 4.92% or 0.83 points to 17.69 in late trade.

Biggest losers included Cia Energetica de Sao Paulo (SA: CESP6 ), which lost 2.98% or 0.39 points to trade at 12.70 in late trade. Banco Santander Brasil SA (SA: SANB11 ) declined 2.61% or 0.50 points to end at 18.65 and Multiplan SA (SA: MULT3 ) shed 2.21% or 1.37 points to 60.59.

Advancing stocks outnumbered falling ones by 166 to 136 and 18 ended unchanged on the Sao Paulo Stock Exchange.

The CBOE Brazil Etf Volatility , which measures the implied volatility of Bovespa options, was up 0.28% to 35.60.

In commodities trading, Gold for August delivery was down 1.67% or 22.65 to $1333.95 a troy ounce. Meanwhile, Crude oil for delivery in August rose 3.82% or 1.71 to hit $46.47 a barrel, while the September US coffee C contract fell 1.17% or 1.75 to trade at $147.43 .

USD/BRL was down 0.36% to 3.2969, while EUR/BRL fell 0.31% to 3.6475.

The US Dollar Index was down 0.05% at 96.53.

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