Investing.com – Brazil equities were higher at the close on Wednesday, as gains in the Basic Materials, Electric Power and Industrials sectors propelled shares higher.
At the close in Sao Paulo, the Bovespa rose 2.21% to hit a new 6-month high.
The biggest gainers of the session on the Bovespa were Cia Siderurgica Nacional SA (SA:CSNA3), which rose 20.33% or 2.20 points to trade at 13.02 at the close. Metalurgica Gerdau SA (SA:GOAU4) added 13.41% or 0.35 points to end at 2.96 and Usinas Siderurgicas de Minas Gerais (SA:USIM5) was up 11.56% or 0.23 points to 2.22 in late trade.
Biggest losers included ALL America Latina Logistica SA (SA:RUMO3), which lost 9.56% or 0.35 points to trade at 3.31 in late trade. Estacio Participacoes SA (SA:ESTC3) declined 2.64% or 0.33 points to end at 12.17 and Localiza Rent a Car SA (SA:RENT3) shed 1.23% or 0.41 points to 32.89.
Advancing stocks outnumbered falling ones by 221 to 71 and 25 ended unchanged on the Sao Paulo Stock Exchange.
The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 3.74% to 55.63.
In commodities trading, Gold for June delivery was down 1.31% or 16.50 to $1244.40 a troy ounce. Meanwhile, Crude oil for delivery in May fell 1.52% or 0.64 to hit $41.53 a barrel, while the May US coffee C contract fell 1.99% or 2.48 to trade at $122.05 .
USD/BRL was up 0.04% to 3.4876, while EUR/BRL fell 0.89% to 3.9331.
The US Dollar Index was up 0.85% at 94.82.