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 0.74% to hit a new 6-month high.
The biggest gainers of the session on the Bovespa were Energy of Minas Gerais Co Preferred (BVMF:CMIG4), which rose 8.02% or 0.89 points to trade at 11.99 at the close. Azul SA Pref (BVMF:AZUL4) added 6.59% or 0.48 points to end at 7.76 and JBS SA (BVMF:JBSS3) was up 6.36% or 2.22 points to 37.12 in late trade.
Biggest losers included Localiza Rent a Car SA (BVMF:RENT3), which lost 17.05% or 8.20 points to trade at 39.90 in late trade. Magazine Luiza SA (BVMF:MGLU3) declined 4.44% or 0.59 points to end at 12.70 and CSN Mineracao SA (BVMF:CMIN3) shed 4.39% or 0.23 points to 5.01.
Advancing stocks outnumbered falling ones by 525 to 398 and 50 ended unchanged on the B3 Stock Exchange.
The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was up 4.84% to 29.65.
In commodities trading, Gold Futures for December delivery was down 0.86% or 21.60 to $2,486.20 a troy ounce. Meanwhile, Crude oil for delivery in September fell 1.54% or 1.21 to hit $77.14 a barrel, while the September US coffee C contract rose 2.03% or 4.73 to trade at $237.43 .
USD/BRL was up 0.33% to 5.47, while EUR/BRL rose 0.51% to 6.02.
The US Dollar Index Futures was up 0.06% at 102.44.