Investing.com – Brazil equities were higher at the close on Wednesday, as gains in the Basic Materials, Real Estate and Industrials sectors propelled shares higher.
At the close in Sao Paulo, the Bovespa gained 1.34%.
The biggest gainers of the session on the Bovespa were Usinas Siderurgicas de Minas Gerais (SA:USIM5), which rose 10.90% or 0.17 points to trade at 1.73 at the close. Cia Siderurgica Nacional SA (SA:CSNA3) added 10.54% or 0.64 points to end at 6.71 and Vale SA (SA:VALE3) was up 9.94% or 1.34 points to 14.82 in late trade.
Biggest losers included Itau Unibanco Holding SA (SA:ITUB4), which lost 2.96% or 0.91 points to trade at 29.84 in late trade. Smiles ON (SA:SMLE3) declined 2.96% or 1.09 points to end at 35.70 and Banco Bradesco SA (SA:BBDC3) shed 2.60% or 0.73 points to 27.31.
Advancing stocks outnumbered falling ones by 181 to 101 and 30 ended unchanged on the Sao Paulo Stock Exchange.
The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 2.45% to 52.93.
In commodities trading, Gold for April delivery was up 2.71% or 33.40 to $1264.40 a troy ounce. Meanwhile, Crude oil for delivery in April rose 6.03% or 2.19 to hit $38.53 a barrel, while the May US coffee C contract rose 2.82% or 3.54 to trade at $129.12 .
USD/BRL was down 0.66% to 3.7422, while EUR/BRL rose 0.39% to 4.2013.
The US Dollar Index was down 1.01% at 95.68.