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

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

At the close in Sao Paulo, the Bovespa added 0.35% 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 4.71% or 0.44 points to trade at 9.79 at the close. 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.

Biggest losers included RUMO Logistica Operadora Multimodal SA (SA: RAIL3 ), which lost 3.78% or 0.66 points to trade at 16.78 in late trade. Smiles Fidelidade SA (SA: SMLS3 ) declined 1.81% or 0.80 points to end at 43.40 and IGUATEMI ON NM (SA: IGTA3 ) shed 1.76% or 0.69 points to 38.44.

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

The CBOE Brazil Etf Volatility , which measures the implied volatility of Bovespa options, was down 6.39% to 32.80 a new 3-month low.

In commodities trading, Gold Futures for February delivery was up 0.84% or 10.30 to $1236.30 a troy ounce. Meanwhile, Crude oil for delivery in January rose 4.22% or 2.15 to hit $53.08 a barrel, while the March US coffee C contract rose 0.39% or 0.42 to trade at $107.97 .

USD/BRL was down 0.64% to 3.8418, while EUR/BRL fell 0.45% to 4.3576.

The US Dollar Index Futures was down 0.23% at 96.968.