Brazil shares higher at close of trade; Bovespa up 1.20%

Investing.com – Brazil equities were higher at the close on Tuesday, as gains in the Basic Materials, Industrials and Real Estate sectors propelled shares higher.

At the close in Sao Paulo, the Bovespa rose 1.20%.

The biggest gainers of the session on the Bovespa were Companhia Siderurgica Nacional (BVMF:CSNA3), which rose 9.39% or 1.04 points to trade at 12.12 at the close. 3R Petroleum Oleo E Gas Sa (BVMF:BRAV3) added 8.72% or 1.56 points to end at 19.46 and Usinas Siderurgicas de Minas Gerais SA USIMINAS Pref (BVMF:USIM5) was up 7.68% or 0.43 points to 6.03 in late trade.

Biggest losers included Azul SA Pref (BVMF:AZUL4), which lost 5.04% or 0.27 points to trade at 5.09 in late trade. Companhia Brasileira De Distribuica (BVMF:PCAR3) declined 1.71% or 0.05 points to end at 2.88 and Auren Energia SA (BVMF:AURE3) shed 1.23% or 0.13 points to 10.47.

Declining stocks outnumbered rising ones by 497 to 430 and 54 ended unchanged on the B3 Stock Exchange.

The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was up 2.79% to 27.64.

In commodities trading, Gold Futures for December delivery was up 1.34% or 35.45 to $2,687.95 a troy ounce. Meanwhile, Crude oil for delivery in November rose 1.65% or 1.16 to hit $71.53 a barrel, while the December US coffee C contract rose 1.04% or 2.75 to trade at $266.40 .

USD/BRL was down 1.32% to 5.46, while EUR/BRL fell 0.79% to 6.10.

The US Dollar Index Futures was down 0.50% at 100.06.