Investing.com – Brazil equities were higher at the close on Wednesday, as gains in the Basic Materials, Financials and Public Utilities sectors propelled shares higher.
At the close in Sao Paulo, the Bovespa gained 1.74% to hit a new 3-month high.
The biggest gainers of the session on the Bovespa were Cia Siderurgica Nacional SA (SA:CSNA3), which rose 8.56% or 0.50 points to trade at 6.34 at the close. Petroleo Brasileiro SA (SA:PETR3) added 7.87% or 0.98 points to end at 13.43 and Usinas Siderurgicas de Minas Gerais (SA:USIM5) was up 7.33% or 0.36 points to 5.27 in late trade.
Biggest losers included Kroton Educacional SA (SA:KROT3), which lost 1.66% or 0.180 points to trade at 10.670 in late trade. ALL America Latina Logistica SA (SA:RUMO3) declined 1.18% or 0.02 points to end at 1.68 and Fibria Celulose SA (SA:FIBR3) shed 0.99% or 0.43 points to 43.07.
Advancing stocks outnumbered falling ones by 189 to 86 and 3 ended unchanged on the Sao Paulo Stock Exchange.
The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 1.94% to 33.85 a new 1-month low.
In commodities trading, Gold for June delivery was up 0.81% or 9.70 to $1202.30 a troy ounce. Meanwhile, Crude oil for delivery in May rose 4.96% or 2.65 to hit $55.94 a barrel, while the May US coffee C contract rose 1.27% or 1.70 to trade at $135.85 .
USD/BRL was down 0.87% to 3.0351, while EUR/BRL fell 0.58% to 3.2435.
The US Dollar Index was down 0.47% at 98.55.