Investing.com – Brazil equities were higher at the close on Wednesday, as gains in the Financials, Basic Materials and Industrials sectors propelled shares higher.
At the close in Sao Paulo, the Bovespa added 2.01% to hit a new 1-month high.
The biggest gainers of the session on the Bovespa were BRF SA (SA:BRFS3), which rose 9.55% or 2.01 points to trade at 23.05 at the close. Usinas Siderurgicas de Minas Gerais (SA:USIM5) added 8.01% or 0.82 points to end at 11.06 and Cia Siderurgica Nacional SA (SA:CSNA3) was up 6.21% or 0.54 points to 9.23 in late trade.
Biggest losers included EDP - Energias do Brasil SA (SA:ENBR3), which lost 2.78% or 0.39 points to trade at 13.65 in late trade. Raia Drogasil SA (SA:RADL3) declined 1.69% or 1.19 points to end at 69.35 and Suzano Papel e Celulose SA (SA:SUZB3) shed 1.43% or 0.54 points to 37.35.
Advancing stocks outnumbered falling ones by 227 to 168 and 29 ended unchanged on the BM&FBovespa Stock Exchange.
The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 6.17% to 26.59 a new 1-month low.
In commodities trading, Gold Futures for June delivery was up 0.21% or 2.80 to $1352.30 a troy ounce. Meanwhile, Crude oil for delivery in May rose 3.44% or 2.29 to hit $68.81 a barrel, while the July US coffee C contract rose 0.91% or 1.05 to trade at $116.97 .
USD/BRL was down 0.66% to 3.3811, while EUR/BRL fell 0.66% to 4.1856.
The US Dollar Index Futures was up 0.13% at 89.34.