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Brazil shares higher at close of trade; Bovespa up 0.95%

Published 25/05/2017, 06:35 am
Updated 25/05/2017, 06:35 am
© Reuters.  Brazil shares higher at close of trade; Bovespa up 0.95%

Investing.com – Brazil equities were higher at the close on Wednesday, as gains in the Real Estate, Public Utilities and Electric Power sectors propelled shares higher.

At the close in Sao Paulo, the Bovespa rose 0.95%.

The biggest gainers of the session on the Bovespa were Centrais Eletricas Brasileiras SA (SA:ELET6), which rose 7.83% or 1.28 points to trade at 17.63 at the close. RUMO Logistica Operadora Multimodal SA (SA:RAIL3) added 7.26% or 0.58 points to end at 8.57 and Centrais Eletricas Brasileiras SA (SA:ELET3) was up 6.66% or 0.87 points to 13.93 in late trade.

Biggest losers included Marfrig Alimentos SA (SA:MRFG3), which lost 3.99% or 0.26 points to trade at 6.26 in late trade. Suzano Papel e Celulose SA (SA:SUZB5) declined 2.69% or 0.40 points to end at 14.45 and Vale SA (SA:VALE3) shed 2.62% or 0.74 points to 27.52.

Advancing stocks outnumbered falling ones by 256 to 88 and 42 ended unchanged on the Sao Paulo Stock Exchange.

The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 0.63% to 41.14.

In commodities trading, Gold Futures for June delivery was up 0.18% or 2.29 to $1257.79 a troy ounce. Meanwhile, Crude oil for delivery in July fell 0.37% or 0.19 to hit $51.28 a barrel, while the July US coffee C contract fell 1.34% or 1.75 to trade at $128.45 .

USD/BRL was up 0.15% to 3.2750, while EUR/BRL rose 0.45% to 3.6737.

The US Dollar Index Futures was down 0.30% at 96.99.

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