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 added 1.59%.
The biggest gainers of the session on the Bovespa were Vale SA (SA:VALE5), which rose 9.81% or 1.47 points to trade at 16.46 at the close. Vale SA (SA:VALE3) added 9.70% or 1.72 points to end at 19.45 and Bradespar SA (SA:BRAP4) was up 8.06% or 0.85 points to 11.40 in late trade.
Biggest losers included Oi SA (SA:OIBR4), which lost 3.92% or 0.25 points to trade at 6.12 in late trade. Estacio Participacoes SA (SA:ESTC3) declined 2.89% or 0.56 points to end at 18.81 and PDG Realty SA (SA:PDGR3) shed 1.85% or 0.010 points to 0.540.
Advancing stocks outnumbered falling ones by 161 to 110 and 6 ended unchanged on the Sao Paulo Stock Exchange.
The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 2.96% to 32.80 a new 1-month low.
In commodities trading, Gold for June delivery was down 1.39% or 16.70 to $1186.40 a troy ounce. Meanwhile, Crude oil for delivery in June fell 0.57% or 0.32 to hit $56.29 a barrel, while the July US coffee C contract rose 0.60% or 0.85 to trade at $143.12 .
USD/BRL was down 0.84% to 3.0083, while EUR/BRL fell 0.97% to 3.2266.
The US Dollar Index was up 0.03% at 98.23.