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 .