Brazil stocks higher at close of trade; Bovespa up 0.35%

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Investing.com – Brazil stocks were higher after the close on Monday, as gains in the Basic MaterialsIndustrials and Public Utilities sectors led shares higher.

At the close in Sao Paulo, the Bovespa added 0.35% to hit a new all time high.

The best performers of the session on the Bovespa were Usinas Siderurgicas de Minas Gerais (SA:USIM5), which rose 4.71% or 0.44 points to trade at 9.79 at the close. Meanwhile, Gerdau SA Pref (SA:GGBR4) added 4.33% or 0.67 points to end at 16.15 and Metalurgica Gerdau SA (SA:GOAU4) was up 3.83% or 0.28 points to 7.60 in late trade.

The worst performers of the session were RUMO Logistica Operadora Multimodal SA (SA:RAIL3), which fell 3.78% or 0.66 points to trade at 16.78 at the close. Smiles Fidelidade SA (SA:SMLS3) declined 1.81% or 0.80 points to end at 43.40 andIGUATEMI ON NM (SA:IGTA3) was down 1.76% or 0.69 points to 38.44.

Rising stocks outnumbered declining ones on the BM&FBovespa Stock Exchange by 270 to 197 and 33 ended unchanged.

The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 6.25% to 32.85 a new 3-months low.

Gold Futures for February delivery was up 0.83% or 10.20 to $1236.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 4.20% or 2.14 to hit $53.07 a barrel, while the March US coffee C contract rose 0.39% or 0.42 to trade at $107.97 .

Read more at : https://www.investing.com/news/stock-market-news/brazil-stocks-higher-at-close-of-trade-bovespa-up-035-1709068

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