Investing.com – Brazil stocks were higher after the close on Tuesday, as gains in the Basic Materials, Telecoms and Financials sectors led shares higher.
At the close in Sao Paulo, the Bovespa gained 0.27% to hit a new 1-month high.
The best performers of the session on the Bovespa were Gerdau SA (SA:GGBR4), which rose 6.61% or 0.38 points to trade at 6.13 at the close. Meanwhile, Petroleo Brasileiro SA (SA:PETR3) added 6.09% or 0.60 points to end at 10.45 and Cia Siderurgica Nacional SA (SA:CSNA3) was up 5.24% or 0.30 points to 6.03 in late trade.
The worst performers of the session were ALL America Latina Logistica SA (SA:RUMO3), which fell 3.99% or 0.27 points to trade at 6.50 at the close. Companhia Brasileira deDistribuicao (SA:PCAR4) declined 3.21% or 1.75 points to end at 52.75 and Tim Participacoes SA (SA:TIMP3) was down 3.03% or 0.26 points to 8.31.
Falling stocks outnumbered advancing ones on the Sao Paulo Stock Exchange by 177 to 143 and 4 ended unchanged.
The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 0.25% to 40.52.
Gold for December delivery was up 0.79% or 8.40 to $1075.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 2.37% or 0.99 to hit $42.74 a barrel, while the March US coffee C contract rose 1.65% or 2.02 to trade at $124.78 .
USD/BRL was down 0.85% to 3.7012, while EUR/BRL fell 0.68% to 3.9433.
The US Dollar Index was down 0.27% at 99.57.