Brazil shares higher at close of trade; Bovespa up 0.59%

Investing.com – Brazil equities were higher at the close on Monday, as gains in the Public Utilities , Electric Power and Financials sectors propelled shares higher.

At the close in Sao Paulo, the Bovespa gained 0.59%.

The biggest gainers of the session on the Bovespa were Centrais Eletricas Brasileiras SA (SA: ELET3 ), which rose 6.24% or 1.23 points to trade at 20.95 at the close. Centrais Eletricas Brasileiras SA (SA: ELET6 ) added 5.46% or 1.31 points to end at 25.30 and Gol Linhas Aereas Inteligentes SA Pref (SA: GOLL4 ) was up 4.14% or 0.56 points to 14.10 in late trade.

Biggest losers included Smiles Fidelidade SA (SA: SMLS3 ), which lost 38.92% or 20.17 points to trade at 31.66 in late trade. Estacio Participacoes SA (SA: ESTC3 ) declined 5.91% or 1.34 points to end at 21.32 and Ultrapar Participacoes SA (SA: UGPA3 ) shed 3.70% or 1.49 points to 38.73.

Advancing stocks outnumbered falling ones by 249 to 222 and 37 ended unchanged on the BM&FBovespa Stock Exchange.

The CBOE Brazil Etf Volatility , which measures the implied volatility of Bovespa options, was down 0.15% to 40.84 a new 1-month low.

In commodities trading, Gold Futures for December delivery was up 0.71% or 8.70 to $1230.70 a troy ounce. Meanwhile, Crude oil for delivery in November rose 0.46% or 0.33 to hit $71.67 a barrel, while the December US coffee C contract rose 2.44% or 2.83 to trade at $119.05 .

USD/BRL was down 1.20% to 3.7378, while EUR/BRL fell 1.02% to 4.3285.

The US Dollar Index Futures was down 0.20% at 94.75.