Investing.com – Brazil equities were higher at the close on Wednesday, as gains in the Basic Materials, Industrials and Public Utilities sectors propelled shares higher.
At the close in Sao Paulo, the Bovespa rose 0.35% to hit a new 3-month high.
The biggest gainers of the session on the Bovespa were Fibria Celulose SA (SA:FIBR3), which rose 5.14% or 1.87 points to trade at 38.23 at the close. Suzano Papel e Celulose SA (SA:SUZB5) added 4.72% or 0.77 points to end at 17.10 and WEG SA (SA:WEGE3) was up 3.93% or 0.77 points to 20.38 in late trade.
Biggest losers included Qualicorp SA (SA:QUAL3), which lost 3.56% or 1.23 points to trade at 33.30 in late trade. MRV Engenharia e Participacoes SA (SA:MRVE3) declined 2.23% or 0.30 points to end at 13.15 and Multiplan SA (SA:MULT3) shed 1.99% or 1.45 points to 71.55.
Advancing stocks outnumbered falling ones by 213 to 168 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 4.90% to 23.86.
In commodities trading, Gold Futures for December delivery was up 0.63% or 8.08 to $1287.78 a troy ounce. Meanwhile, Crude oil for delivery in September fell 1.56% or 0.74 to hit $46.81 a barrel, while the September US coffee C contract fell 0.98% or 1.30 to trade at $130.95 .
USD/BRL was down 0.56% to 3.1510, while EUR/BRL fell 0.28% to 3.7082.
The US Dollar Index Futures was down 0.36% at 93.41.