Brazil shares higher at close of trade; Bovespa up 0.29%

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

At the close in Sao Paulo, the Bovespa added 0.29% to hit a new 5-year high.

The biggest gainers of the session on the Bovespa were Usinas Siderurgicas de Minas Gerais (SA: USIM5 ), which rose 7.89% or 0.60 points to trade at 8.20 at the close. Smiles ON (SA: SMLE3 ) added 5.77% or 4.10 points to end at 75.15 and Metalurgica Gerdau SA (SA: GOAU4 ) was up 5.03% or 0.30 points to 6.27 in late trade.

Biggest losers included RUMO Logistica Operadora Multimodal SA (SA: RAIL3 ), which lost 2.42% or 0.25 points to trade at 10.10 in late trade. Companhia Brasileira deDistribuicao (SA: PCAR4 ) declined 2.03% or 1.46 points to end at 70.61 and Embraer SA (SA: EMBR3 ) shed 1.28% or 0.23 points to 17.67.

Advancing stocks outnumbered falling ones by 210 to 148 and 40 ended unchanged on the Sao Paulo Stock Exchange.

The CBOE Brazil Etf Volatility , which measures the implied volatility of Bovespa options, was down 2.38% to 24.64.

In commodities trading, Gold Futures for December delivery was up 0.69% or 9.18 to $1339.58 a troy ounce. Meanwhile, Crude oil for delivery in October rose 0.17% or 0.08 to hit $47.37 a barrel, while the December US coffee C contract fell 0.15% or 0.19 to trade at $128.88 .

USD/BRL was down 0.11% to 3.1370, while EUR/BRL rose 0.20% to 3.7318.

The US Dollar Index Futures was down 0.27% at 92.57.