Investing.com – Brazil equities were higher at the close on Wednesday, as gains in the Basic Materials, Financials and Consumption sectors propelled shares higher.
At the close in Sao Paulo, the Bovespa rose 0.67% to hit a new 5-year high.
The biggest gainers of the session on the Bovespa were Metalurgica Gerdau SA (SA:GOAU4), which rose 7.42% or 0.40 points to trade at 5.79 at the close. Usinas Siderurgicas de Minas Gerais (SA:USIM5) added 3.85% or 0.24 points to end at 6.48 and Lojas Renner SA (SA:LREN3) was up 2.99% or 0.90 points to 31.00 in late trade.
Biggest losers included Centrais Eletricas Brasileiras SA (SA:ELET3), which lost 11.04% or 2.34 points to trade at 18.86 in late trade. Centrais Eletricas Brasileiras SA (SA:ELET6) declined 9.13% or 2.15 points to end at 21.40 and Smiles ON (SA:SMLE3) shed 1.99% or 1.31 points to 64.54.
Advancing stocks outnumbered falling ones by 206 to 164 and 45 ended unchanged on the Sao Paulo Stock Exchange.
The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 1.59% to 25.44.
In commodities trading, Gold Futures for December delivery was up 0.35% or 4.47 to $1295.47 a troy ounce. Meanwhile, Crude oil for delivery in October rose 1.11% or 0.53 to hit $48.36 a barrel, while the December US coffee C contract fell 0.37% or 0.48 to trade at $128.82 .
USD/BRL was down 0.64% to 3.1421, while EUR/BRL fell 0.22% to 3.7112.
The US Dollar Index Futures was down 0.33% at 93.11.