Investing.com – Brazil equities were higher at the close on Thursday, as gains in the Basic Materials, Electric Power and Industrials sectors propelled shares higher.
At the close in Sao Paulo, the Bovespa gained 0.32%.
The biggest gainers of the session on the Bovespa were Metalurgica Gerdau SA (SA:GOAU4), which rose 8.87% or 0.40 points to trade at 4.91 at the close. Usinas Siderurgicas de Minas Gerais (SA:USIM5) added 5.19% or 0.20 points to end at 4.05 and Gerdau SA (SA:GGBR4) was up 5.05% or 0.55 points to 11.45 in late trade.
Biggest losers included Cielo SA (SA:CIEL3), which lost 5.92% or 1.54 points to trade at 24.49 in late trade. Smiles ON (SA:SMLE3) declined 3.68% or 1.53 points to end at 40.00 and BR Malls Participacoes SA (SA:BRML3) shed 2.82% or 0.31 points to 10.67.
Advancing stocks outnumbered falling ones by 191 to 141 and 43 ended unchanged on the Sao Paulo Stock Exchange.
The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 3.07% to 36.95.
In commodities trading, Gold for February delivery was down 2.78% or 32.40 to $1131.30 a troy ounce. Meanwhile, Crude oil for delivery in January fell 0.18% or 0.09 to hit $50.95 a barrel, while the March US coffee C contract fell 1.25% or 1.80 to trade at $142.38 .
USD/BRL was down 0.02% to 3.3702, while EUR/BRL fell 1.18% to 3.5080.
The US Dollar Index was up 1.14% at 103.19.