Investing.com – Brazil equities were higher at the close on Wednesday, as gains in the Public Utilities, Electric Power and Financials sectors propelled shares higher.
At the close in Sao Paulo, the Bovespa added 2.10%.
The biggest gainers of the session on the Bovespa were Gol Linhas Aereas Inteligentes SA (SA:GOLL4), which rose 7.00% or 0.24 points to trade at 3.67 at the close. Petroleo Brasileiro SA (SA:PETR4) added 9.86% or 0.65 points to end at 7.24 and Petroleo Brasileiro SA (SA:PETR3) was up 8.79% or 0.69 points to 8.54 in late trade.
Biggest losers included Metalurgica Gerdau SA (SA:GOAU4), which lost 5.50% or 0.17 points to trade at 2.92 in late trade. Gerdau SA (SA:GGBR4) declined 3.70% or 0.21 points to end at 5.47 and Oi SA (SA:OIBR4) shed 2.45% or 0.07 points to 2.79.
Advancing stocks outnumbered falling ones by 216 to 88 and 9 ended unchanged on the Sao Paulo Stock Exchange.
The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 6.91% to 55.23.
In commodities trading, Gold for December delivery was down 1.12% or 12.60 to $1114.20 a troy ounce. Meanwhile, Crude oil for delivery in November rose 0.39% or 0.17 to hit $45.41 a barrel, while the December US coffee C contract rose 0.27% or 0.33 to trade at $121.17 .
USD/BRL was down 2.63% to 3.9572, while EUR/BRL fell 3.27% to 4.4225.
The US Dollar Index was up 0.36% at 96.41.