Brazil shares higher at close of trade; Bovespa up 1.06%

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

At the close in Sao Paulo, the Bovespa rose 1.06%.

The biggest gainers of the session on the Bovespa were Metalurgica Gerdau SA (SA: GOAU4 ), which rose 6.52% or 0.46 points to trade at 7.51 at the close. Gerdau SA Pref (SA: GGBR4 ) added 6.71% or 1.03 points to end at 16.38 and RUMO Logistica Operadora Multimodal SA (SA: RAIL3 ) was up 5.31% or 0.66 points to 13.10 in late trade.

Biggest losers included BRF SA (SA: BRFS3 ), which lost 4.81% or 1.11 points to trade at 21.95 in late trade. Raia Drogasil SA (SA: RADL3 ) declined 2.99% or 2.16 points to end at 70.00 and Banco Bradesco SA (SA: BBDC3 ) shed 1.87% or 0.65 points to 34.05.

Advancing stocks outnumbered falling ones by 261 to 150 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 10.42% to 30.42.

In commodities trading, Gold Futures for June delivery was down 0.78% or 10.40 to $1329.80 a troy ounce. Meanwhile, Crude oil for delivery in May rose 0.43% or 0.27 to hit $63.64 a barrel, while the May US coffee C contract rose 0.56% or 0.66 to trade at $117.58 .

USD/BRL was up 0.23% to 3.3387, while EUR/BRL fell 0.11% to 4.0863.

The US Dollar Index Futures was up 0.39% at 90.13.