Investing.com – Brazil equities were higher at the close on Thursday, as gains in the Electric Power, Financials and Public Utilities sectors propelled shares higher.
At the close in Sao Paulo, the Bovespa gained 0.52% to hit a new 3-year high.
The biggest gainers of the session on the Bovespa were Vale SA (SA:VALE5), which rose 4.43% or 0.76 points to trade at 17.92 at the close. Qualicorp SA (SA:QUAL3) added 4.30% or 0.86 points to end at 20.86 and ALL America Latina Logistica SA (SA:RUMO3) was up 3.01% or 0.200 points to 6.850 in late trade.
Biggest losers included JBS SA (SA:JBSS3), which lost 3.52% or 0.44 points to trade at 12.06 in late trade. Kroton Educacional SA (SA:KROT3) declined 2.37% or 0.400 points to end at 16.500 and Fibria Celulose SA (SA:FIBR3) shed 2.24% or 0.52 points to 22.68.
Advancing stocks outnumbered falling ones by 182 to 180 and 34 ended unchanged on the Sao Paulo Stock Exchange.
The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 4.96% to 29.90 a new 52-week low.
In commodities trading, Gold for December delivery was down 0.25% or 3.15 to $1266.75 a troy ounce. Meanwhile, Crude oil for delivery in December fell 2.35% or 1.22 to hit $50.60 a barrel, while the December US coffee C contract fell 1.11% or 1.76 to trade at $156.12 .
USD/BRL was down 0.85% to 3.1427, while EUR/BRL fell 1.26% to 3.4341.
The US Dollar Index was up 0.45% at 98.31.