Brazil shares higher at close of trade; Bovespa up 0.32%

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Brazil shares higher at close of trade; Bovespa up 0.32% – Brazil equities were higher at the close on Monday, as gains in the Basic Materials , Industrials and Electric Power sectors propelled shares higher.

At the close in Sao Paulo, the Bovespa rose 0.32%.

The biggest gainers of the session on the Bovespa were Gerdau SA Pref (SA: GGBR4 ), which rose 5.02% or 0.80 points to trade at 16.73 at the close. Magazine Luiza SA (SA: MGLU3 ) added 4.64% or 3.65 points to end at 82.26 and Metalurgica Gerdau SA (SA: GOAU4 ) was up 4.44% or 0.33 points to 7.77 in late trade.

Biggest losers included BB Seguridade Participacoes SA (SA: BBSE3 ), which lost 4.63% or 1.47 points to trade at 30.28 in late trade. Tim Participacoes SA (SA: TIMP3 ) declined 2.13% or 0.30 points to end at 13.79 and IGUATEMI ON NM (SA: IGTA3 ) shed 1.77% or 0.71 points to 39.44.

Advancing stocks outnumbered falling ones by 219 to 147 and 46 ended unchanged on the BM&FBovespa Stock Exchange.

The CBOE Brazil Etf Volatility , which measures the implied volatility of Bovespa options, was up 0.24% to 29.69.

In commodities trading, Gold Futures for April delivery was down 0.54% or 7.30 to $1348.90 a troy ounce. Meanwhile, Crude oil for delivery in April rose 1.35% or 0.83 to hit $62.38 a barrel, while the May US coffee C contract unchanged 0.00% or 0.00 to trade at $120.45 .

USD/BRL was up 0.20% to 3.2369, while EUR/BRL rose 0.19% to 4.0164.

The US Dollar Index Futures was up 0.06% at 89.08.

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