Investing.com – Brazil equities were higher at the close on Wednesday, as gains in the Basic Materials, Electric Power and Public Utilities sectors propelled shares higher.
At the close in Sao Paulo, the Bovespa added 0.18% to hit a new 6-month high.
The biggest gainers of the session on the Bovespa were Gerdau SA (SA:GGBR4), which rose 10.86% or 0.66 points to trade at 6.74 at the close. Metalurgica Gerdau SA (SA:GOAU4) added 8.93% or 0.20 points to end at 2.44 and Qualicorp SA (SA:QUAL3) was up 4.37% or 0.61 points to 14.58 in late trade.
Biggest losers included ALL America Latina Logistica SA (SA:RUMO3), which lost 8.08% or 0.29 points to trade at 3.30 in late trade. Klabin Unt (SA:KLBN11) declined 3.70% or 0.79 points to end at 20.59 and Natura Cosmeticos SA (SA:NATU3) shed 2.97% or 0.83 points to 27.08.
Advancing stocks outnumbered falling ones by 165 to 132 and 23 ended unchanged on the Sao Paulo Stock Exchange.
The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 4.18% to 50.02.
In commodities trading, Gold for June delivery was down 0.82% or 10.10 to $1227.40 a troy ounce. Meanwhile, Crude oil for delivery in May rose 0.03% or 0.01 to hit $38.29 a barrel, while the May US coffee C contract fell 0.47% or 0.60 to trade at $126.95 .
USD/BRL was down 0.69% to 3.6138, while EUR/BRL fell 0.28% to 4.0975.
The US Dollar Index was down 0.41% at 94.78.