Brazil shares higher at close of trade; Bovespa up 0.85%

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

At the close in Sao Paulo, the Bovespa gained 0.85%.

The biggest gainers of the session on the Bovespa were Cvc Brasil ON (SA: CVCB3 ), which rose 4.35% or 1.76 points to trade at 42.18 at the close. JBS SA (SA: JBSS3 ) added 2.93% or 0.27 points to end at 9.49 and Metalurgica Gerdau SA (SA: GOAU4 ) was up 2.86% or 0.22 points to 7.90 in late trade.

Biggest losers included Gol Linhas Aereas Inteligentes SA Pref (SA: GOLL4 ), which lost 2.26% or 0.24 points to trade at 10.39 in late trade. Centrais Eletricas Brasileiras SA (SA: ELET3 ) declined 2.07% or 0.31 points to end at 14.65 and Cia Paranaense de Energia (SA: CPLE6 ) shed 2.02% or 0.40 points to 19.40.

Advancing stocks outnumbered falling ones by 243 to 200 and 40 ended unchanged on the BM&FBovespa Stock Exchange.

The CBOE Brazil Etf Volatility , which measures the implied volatility of Bovespa options, was up 0.55% to 43.60 a new 52-week high.

In commodities trading, Gold Futures for December delivery was up 1.54% or 18.40 to $1212.40 a troy ounce. Meanwhile, Crude oil for delivery in October rose 1.09% or 0.74 to hit $68.57 a barrel, while the December US coffee C contract rose 3.55% or 3.60 to trade at $104.88 .

USD/BRL was down 0.10% to 4.1082, while EUR/BRL rose 0.53% to 4.7736.

The US Dollar Index Futures was down 0.51% at 95.06.