Brazil shares higher at close of trade; Bovespa up 0.37%

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Brazil shares higher at close of trade; Bovespa up 0.37% – Brazil equities were higher at the close on Tuesday, as gains in the Consumption , Industrials and Financials sectors propelled shares higher.

At the close in Sao Paulo, the Bovespa gained 0.37%.

The biggest gainers of the session on the Bovespa were Magazine Luiza SA (SA: MGLU3 ), which rose 14.60% or 14.14 points to trade at 110.99 at the close. Estacio Participacoes SA (SA: ESTC3 ) added 3.17% or 0.95 points to end at 30.93 and Banco do Brasil SA (SA: BBAS3 ) was up 2.72% or 0.95 points to 35.84 in late trade.

Biggest losers included Bradespar SA (SA: BRAP4 ), which lost 5.55% or 1.91 points to trade at 32.48 in late trade. Cyrela Brazil Realty SA (SA: CYRE3 ) declined 3.87% or 0.52 points to end at 12.92 and Smiles Fidelidade SA (SA: SMLS3 ) shed 2.75% or 1.95 points to 68.93.

Declining stocks outnumbered rising ones by 203 to 193 and 31 ended unchanged on the BM&FBovespa Stock Exchange.

The CBOE Brazil Etf Volatility , which measures the implied volatility of Bovespa options, was up 0.81% to 28.47.

In commodities trading, Gold Futures for June delivery was up 0.05% or 0.70 to $1314.80 a troy ounce. Meanwhile, Crude oil for delivery in June fell 1.46% or 1.03 to hit $69.70 a barrel, while the July US coffee C contract fell 0.87% or 1.05 to trade at $119.67 .

USD/BRL was up 0.51% to 3.5688, while EUR/BRL unchanged 0.00% to 4.2346.

The US Dollar Index Futures was up 0.36% at 92.94.

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