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 Friday, as gains in the Public Utilities , Financials and Electric Power sectors propelled shares higher.

At the close in Sao Paulo, the Bovespa rose 0.32% to hit a new all time high.

The biggest gainers of the session on the Bovespa were Usinas Siderurgicas de Minas Gerais (SA: USIM5 ), which rose 4.57% or 0.50 points to trade at 11.43 at the close. Braskem SA (SA: BRKM5 ) added 4.56% or 2.21 points to end at 50.71 and Viavarejo Unt (SA: VVAR11 ) was up 4.26% or 0.96 points to 23.48 in late trade.

Biggest losers included Metalurgica Gerdau SA (SA: GOAU4 ), which lost 3.67% or 0.25 points to trade at 6.57 in late trade. Telefonica Brasil SA (SA: VIVT4 ) declined 2.68% or 1.36 points to end at 49.35 and Gerdau SA Pref (SA: GGBR4 ) shed 2.61% or 0.38 points to 14.16.

Advancing stocks outnumbered falling ones by 230 to 193 and 46 ended unchanged on the BM&FBovespa Stock Exchange.

The CBOE Brazil Etf Volatility , which measures the implied volatility of Bovespa options, was down 1.60% to 32.55.

In commodities trading, Gold Futures for February delivery was up 0.47% or 6.20 to $1333.40 a troy ounce. Meanwhile, Crude oil for delivery in February fell 0.64% or 0.41 to hit $63.54 a barrel, while the March US coffee C contract rose 0.12% or 0.14 to trade at $121.17 .

USD/BRL was down 0.36% to 3.1950, while EUR/BRL fell 0.41% to 3.9079.

The US Dollar Index Futures was up 0.10% at 90.40.

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