Brazil shares higher at close of trade; Bovespa up 1.19%

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Brazil shares higher at close of trade; Bovespa up 1.19% – Brazil equities were higher at the close on Tuesday, as gains in the Financials , Public Utilities and Electric Power sectors propelled shares higher.

At the close in Sao Paulo, the Bovespa added 1.19% to hit a new all time high.

The biggest gainers of the session on the Bovespa were Centrais Eletricas Brasileiras SA (SA: ELET6 ), which rose 8.65% or 2.15 points to trade at 27.00 at the close. Centrais Eletricas Brasileiras SA (SA: ELET3 ) added 6.82% or 1.46 points to end at 22.88 and Fibria Celulose SA (SA: FIBR3 ) was up 6.66% or 3.94 points to 63.09 in late trade.

Biggest losers included Companhia Brasileira deDistribuicao (SA: PCAR4 ), which lost 5.27% or 3.76 points to trade at 67.55 in late trade. EcoRodovias SA (SA: ECOR3 ) declined 3.76% or 0.40 points to end at 10.25 and Gerdau SA Pref (SA: GGBR4 ) shed 3.47% or 0.58 points to 16.15.

Advancing stocks outnumbered falling ones by 247 to 220 and 34 ended unchanged on the BM&FBovespa Stock Exchange.

The CBOE Brazil Etf Volatility , which measures the implied volatility of Bovespa options, was up 1.31% to 30.08.

In commodities trading, Gold Futures for April delivery was down 1.81% or 24.50 to $1331.70 a troy ounce. Meanwhile, Crude oil for delivery in April rose 0.11% or 0.07 to hit $61.62 a barrel, while the May US coffee C contract fell 0.42% or 0.50 to trade at $119.95 .

USD/BRL was up 0.58% to 3.2556, while EUR/BRL fell 0.00% to 4.0163.

The US Dollar Index Futures was up 0.63% at 89.64.

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