Investing.com – Brazil equities were higher at the close on Wednesday, as gains in the Basic Materials, Industrials and Electric Power sectors propelled shares higher.
At the close in Sao Paulo, the Bovespa added 0.12%.
The biggest gainers of the session on the Bovespa were Usinas Siderurgicas de Minas Gerais (SA:USIM5), which rose 8.88% or 0.27 points to trade at 3.31 at the close. Metalurgica Gerdau SA (SA:GOAU4) added 4.51% or 0.120 points to end at 2.780 and Gerdau SA (SA:GGBR4) was up 4.21% or 0.32 points to 7.92 in late trade.
Biggest losers included Petroleo Brasileiro SA (SA:PETR4), which lost 3.11% or 0.37 points to trade at 11.51 in late trade. Estacio Participacoes SA (SA:ESTC3) declined 2.77% or 0.49 points to end at 17.19 and Qualicorp SA (SA:QUAL3) shed 2.74% or 0.60 points to 21.30.
Advancing stocks outnumbered falling ones by 159 to 128 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 2.95% to 32.19 a new 52-week low.
In commodities trading, Gold for December delivery was up 1.55% or 20.60 to $1348.90 a troy ounce. Meanwhile, Crude oil for delivery in September fell 2.35% or 1.01 to hit $41.91 a barrel, while the September US coffee C contract fell 0.35% or 0.50 to trade at $141.12 .
USD/BRL was down 0.34% to 3.2626, while EUR/BRL rose 0.32% to 3.6079.
The US Dollar Index was down 0.45% at 96.73.