Investing.com – Brazil equities were higher at the close on Wednesday, as gains in the Financials, Public Utilities and Electric Power sectors propelled shares higher.
At the close in Sao Paulo, the Bovespa rose 2.29% to hit a new 3-month high.
The biggest gainers of the session on the Bovespa were PDG Realty SA (SA:PDGR3), which rose 20.00% or 0.100 points to trade at 0.600 at the close. Oi SA (SA:OIBR4) added 15.98% or 0.82 points to end at 5.95 and Centrais Eletricas Brasileiras SA (SA:ELET6) was up 7.21% or 0.49 points to 7.29 in late trade.
Biggest losers included Gol Linhas Aereas Inteligentes SA (SA:GOLL4), which lost 5.24% or 0.41 points to trade at 7.41 in late trade. Vale SA (SA:VALE5) declined 2.85% or 0.44 points to end at 15.01 and Bradespar SA (SA:BRAP4) shed 2.64% or 0.28 points to 10.31.
Advancing stocks outnumbered falling ones by 181 to 81 and 2 ended unchanged on the Sao Paulo Stock Exchange.
The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was up 2.63% to 35.92.
In commodities trading, Gold for June delivery was up 1.78% or 21.10 to $1204.30 a troy ounce. Meanwhile, Crude oil for delivery in May rose 4.38% or 2.08 to hit $49.69 a barrel, while the May US coffee C contract rose 0.77% or 1.02 to trade at $133.72 .
USD/BRL was down 0.89% to 3.1677, while EUR/BRL fell 0.66% to 3.4078.
The US Dollar Index was down 0.17% at 98.53.