Brazil shares higher at close of trade; Bovespa up 0.91%

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Brazil shares higher at close of trade; Bovespa up 0.91% – Brazil equities were higher at the close on Tuesday, as gains in the Public Utilities , Real Estate and Electric Power sectors propelled shares higher.

At the close in Sao Paulo, the Bovespa rose 0.91%.

The biggest gainers of the session on the Bovespa were Petroleo Brasileiro SA PN (SA: PETR4 ), which rose 14.13% or 2.39 points to trade at 19.30 at the close. Petroleo Brasileiro SA (SA: PETR3 ) added 12.38% or 2.45 points to end at 22.24 and Ultrapar Participacoes SA (SA: UGPA3 ) was up 6.04% or 2.85 points to 50.00 in late trade.

Biggest losers included Suzano Papel e Celulose SA (SA: SUZB3 ), which lost 3.96% or 1.78 points to trade at 43.22 in late trade. BB Seguridade Participacoes SA (SA: BBSE3 ) declined 3.05% or 0.82 points to end at 26.04 and JBS SA (SA: JBSS3 ) shed 3.38% or 0.32 points to 9.14.

Advancing stocks outnumbered falling ones by 274 to 195 and 26 ended unchanged on the BM&FBovespa Stock Exchange.

The CBOE Brazil Etf Volatility , which measures the implied volatility of Bovespa options, was up 8.58% to 33.66 a new 1-month high.

In commodities trading, Gold Futures for June delivery was down 0.34% or 4.40 to $1299.30 a troy ounce. Meanwhile, Crude oil for delivery in July fell 1.53% or 1.04 to hit $66.84 a barrel, while the July US coffee C contract fell 0.38% or 0.46 to trade at $120.12 .

USD/BRL was down 0.25% to 3.7314, while EUR/BRL fell 0.84% to 4.3057.

The US Dollar Index Futures was up 0.47% at 94.80.

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