Brazil shares higher at close of trade; Bovespa up 0.41%

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Brazil shares higher at close of trade; Bovespa up 0.41% – Brazil equities were higher at the close on Monday, as gains in the Basic Materials , Real Estate and Financials sectors propelled shares higher.

At the close in Sao Paulo, the Bovespa added 0.41% to hit a new all time high.

The biggest gainers of the session on the Bovespa were Magazine Luiza SA (SA: MGLU3 ), which rose 8.43% or 7.33 points to trade at 94.32 at the close. Cia Siderurgica Nacional SA (SA: CSNA3 ) added 6.04% or 0.62 points to end at 10.88 and Usinas Siderurgicas de Minas Gerais (SA: USIM5 ) was up 4.51% or 0.55 points to 12.75 in late trade.

Biggest losers included CCR SA (SA: CCRO3 ), which lost 10.01% or 1.38 points to trade at 12.41 in late trade. Hypermarcas SA (SA: HYPE3 ) declined 4.57% or 1.69 points to end at 35.27 and EcoRodovias SA (SA: ECOR3 ) shed 4.30% or 0.44 points to 9.79.

Advancing stocks outnumbered falling ones by 278 to 199 and 28 ended unchanged on the BM&FBovespa Stock Exchange.

The CBOE Brazil Etf Volatility , which measures the implied volatility of Bovespa options, was down 1.02% to 27.24 a new 1-month low.

In commodities trading, Gold Futures for April delivery was up 0.34% or 4.50 to $1334.80 a troy ounce. Meanwhile, Crude oil for delivery in April rose 0.76% or 0.48 to hit $64.03 a barrel, while the May US coffee C contract rose 0.58% or 0.70 to trade at $121.67 .

USD/BRL was down 0.44% to 3.2239, while EUR/BRL fell 0.23% to 3.9715.

The US Dollar Index Futures was down 0.07% at 89.75.

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