Investing.com – Brazil equities were higher at the close on Monday, as gains in the Basic Materials, Industrials and Public Utilities sectors propelled shares higher.
At the close in Sao Paulo, the Bovespa added 0.35% to hit a new all time high.
The biggest gainers of the session on the Bovespa were Usinas Siderurgicas de Minas Gerais (SA:USIM5), which rose 4.71% or 0.44 points to trade at 9.79 at the close. Gerdau SA Pref (SA:GGBR4) added 4.33% or 0.67 points to end at 16.15 and Metalurgica Gerdau SA (SA:GOAU4) was up 3.83% or 0.28 points to 7.60 in late trade.
Biggest losers included RUMO Logistica Operadora Multimodal SA (SA:RAIL3), which lost 3.78% or 0.66 points to trade at 16.78 in late trade. Smiles Fidelidade SA (SA:SMLS3) declined 1.81% or 0.80 points to end at 43.40 and IGUATEMI ON NM (SA:IGTA3) shed 1.76% or 0.69 points to 38.44.
Advancing stocks outnumbered falling ones by 270 to 197 and 33 ended unchanged on the BM&FBovespa Stock Exchange.
The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 6.39% to 32.80 a new 3-month low.
In commodities trading, Gold Futures for February delivery was up 0.84% or 10.30 to $1236.30 a troy ounce. Meanwhile, Crude oil for delivery in January rose 4.22% or 2.15 to hit $53.08 a barrel, while the March US coffee C contract rose 0.39% or 0.42 to trade at $107.97 .
USD/BRL was down 0.64% to 3.8418, while EUR/BRL fell 0.45% to 4.3576.
The US Dollar Index Futures was down 0.23% at 96.968.