Brazil shares higher at close of trade; Bovespa up 0.87%

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Brazil shares higher at close of trade; Bovespa up 0.87%

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

At the close in Sao Paulo, the Bovespa gained 0.87% to hit a new 1-month high.

The biggest gainers of the session on the Bovespa were Vale SA (SA: VALE3 ), which rose 5.08% or 1.48 points to trade at 30.61 at the close. Bradespar SA (SA: BRAP4 ) added 4.98% or 1.06 points to end at 22.35 and Vale SA Pref (SA: VALE5 ) was up 4.67% or 1.28 points to 28.66 in late trade.

Biggest losers included Qualicorp SA (SA: QUAL3 ), which lost 3.33% or 1.06 points to trade at 30.74 in late trade. Natura Cosmeticos SA (SA: NATU3 ) declined 3.05% or 0.71 points to end at 22.59 and Cyrela Brazil Realty SA (SA: CYRE3 ) shed 2.43% or 0.30 points to 12.07.

Advancing stocks outnumbered falling ones by 204 to 172 and 30 ended unchanged on the Sao Paulo Stock Exchange.

The CBOE Brazil Etf Volatility , which measures the implied volatility of Bovespa options, was down 2.53% to 25.01 a new 52-week low.

In commodities trading, Gold Futures for August delivery was down 0.29% or 3.63 to $1250.67 a troy ounce. Meanwhile, Crude oil for delivery in September rose 4.55% or 2.11 to hit $48.45 a barrel, while the September US coffee C contract fell 1.49% or 1.98 to trade at $130.72 .

USD/BRL was up 0.70% to 3.1691, while EUR/BRL rose 0.68% to 3.6896.

The US Dollar Index Futures was up 0.13% at 93.94.

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