Brazil shares higher at close of trade; Bovespa up 0.84%

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

At the close in Sao Paulo, the Bovespa rose 0.84% 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 5.65% or 0.56 points to trade at 10.48 at the close. Gerdau SA Pref (SA: GGBR4 ) added 5.41% or 0.70 points to end at 13.65 and Metalurgica Gerdau SA (SA: GOAU4 ) was up 3.65% or 0.22 points to 6.25 in late trade.

Biggest losers included Fleury SA (SA: FLRY3 ), which lost 2.00% or 0.58 points to trade at 28.41 in late trade. Cia de Saneamento Basico do Estado (SA: SBSP3 ) declined 1.94% or 0.66 points to end at 33.32 and TAESA UNT N2 (SA: TAEE11 ) shed 1.58% or 0.34 points to 21.15.

Advancing stocks outnumbered falling ones by 256 to 194 and 41 ended unchanged on the BM&FBovespa Stock Exchange.

The CBOE Brazil Etf Volatility , which measures the implied volatility of Bovespa options, was down 2.40% to 28.86.

In commodities trading, Gold Futures for February delivery was up 0.40% or 5.30 to $1323.80 a troy ounce. Meanwhile, Crude oil for delivery in February rose 0.45% or 0.28 to hit $61.91 a barrel, while the March US coffee C contract rose 0.77% or 0.99 to trade at $129.42 .

USD/BRL was down 0.07% to 3.2345, while EUR/BRL rose 0.36% to 3.9031.

The US Dollar Index Futures was down 0.30% at 91.61.