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Brazil shares higher at close of trade; Bovespa up 1.12%

Published 23/05/2018, 06:25 am
© Reuters.  Brazil shares higher at close of trade; Bovespa up 1.12%
IBOV
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ICON
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IMOB
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IFNC
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RAIL3
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CYRE3
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FIBR3
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PETR3
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RENT3
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SUZB3
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Investing.com – Brazil equities were higher at the close on Tuesday, as gains in the Real Estate, Financials and Consumption sectors propelled shares higher.

At the close in Sao Paulo, the Bovespa added 1.12%.

The biggest gainers of the session on the Bovespa were RUMO Logistica Operadora Multimodal SA (SA:RAIL3), which rose 7.04% or 0.98 points to trade at 14.90 at the close. Cyrela Brazil Realty SA (SA:CYRE3) added 6.02% or 0.76 points to end at 13.38 and Localiza Rent a Car SA (SA:RENT3) was up 5.65% or 1.42 points to 26.54 in late trade.

Biggest losers included Suzano Papel e Celulose SA (SA:SUZB3), which lost 6.19% or 2.83 points to trade at 42.89 in late trade. Petroleo Brasileiro SA (SA:PETR3) declined 2.47% or 0.72 points to end at 28.42 and Fibria Celulose SA (SA:FIBR3) shed 2.00% or 1.43 points to 70.07.

Advancing stocks outnumbered falling ones by 237 to 211 and 28 ended unchanged on the BM&FBovespa Stock Exchange.

The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was up 1.75% to 31.96.

In commodities trading, Gold Futures for June delivery was down 0.01% or 0.10 to $1290.80 a troy ounce. Meanwhile, Crude oil for delivery in July fell 0.46% or 0.33 to hit $72.02 a barrel, while the July US coffee C contract rose 0.62% or 0.75 to trade at $120.83 .

USD/BRL was down 0.81% to 3.6451, while EUR/BRL fell 0.89% to 4.2939.

The US Dollar Index Futures was up 0.04% at 93.50.

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