Investing.com – Brazil equities were higher at the close on Wednesday, as gains in the Financials, Public Utilities and Basic Materials sectors propelled shares higher.
At the close in Sao Paulo, the Bovespa rose 0.86%.
The biggest gainers of the session on the Bovespa were Companhia Brasileira deDistribuicao (SA:PCAR4), which rose 5.31% or 3.07 points to trade at 60.89 at the close. Petroleo Brasileiro SA PN (SA:PETR4) added 5.08% or 0.66 points to end at 13.66 and Metalurgica Gerdau SA (SA:GOAU4) was up 3.64% or 0.19 points to 5.41 in late trade.
Biggest losers included Suzano Papel e Celulose SA (SA:SUZB5), which lost 2.38% or 0.32 points to trade at 13.11 in late trade. WEG SA (SA:WEGE3) declined 2.38% or 0.40 points to end at 16.40 and CEMIG - Companhia Energetica Minas Gerais Pref (SA:CMIG4) shed 2.09% or 0.21 points to 9.83.
Advancing stocks outnumbered falling ones by 180 to 161 and 33 ended unchanged on the Sao Paulo Stock Exchange.
The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was up 3.15% to 34.35 a new 1-month high.
In commodities trading, Gold Futures for April delivery was up 0.14% or 1.75 to $1248.25 a troy ounce. Meanwhile, Crude oil for delivery in May fell 0.19% or 0.09 to hit $48.15 a barrel, while the May US coffee C contract fell 2.02% or 2.92 to trade at $141.60 .
USD/BRL was down 0.00% to 3.0884, while EUR/BRL fell 0.03% to 3.3355.
The US Dollar Index Futures was down 0.08% at 99.47.