Brazil shares higher at close of trade; Bovespa up 1.42%

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

At the close in Sao Paulo, the Bovespa rose 1.42%.

The biggest gainers of the session on the Bovespa were Vale SA (SA: VALE3 ), which rose 9.03% or 3.86 points to trade at 46.60 at the close. Bradespar SA (SA: BRAP4 ) added 7.89% or 2.10 points to end at 28.72 and Marfrig Alimentos SA (SA: MRFG3 ) was up 5.75% or 0.34 points to 6.25 in late trade.

Biggest losers included Cia de Saneamento Basico do Estado (SA: SBSP3 ), which lost 3.13% or 1.39 points to trade at 43.01 in late trade. Suzano Papel e Celulose SA (SA: SUZB3 ) declined 2.94% or 1.41 points to end at 46.60 and CCR SA (SA: CCRO3 ) shed 2.88% or 0.45 points to 15.20.

Advancing stocks outnumbered falling ones by 281 to 161 and 32 ended unchanged on the BM&FBovespa Stock Exchange.

The CBOE Brazil Etf Volatility , which measures the implied volatility of Bovespa options, was down 1.15% to 32.64.

In commodities trading, Gold Futures for February delivery was up 0.76% or 9.90 to $1318.80 a troy ounce. Meanwhile, Crude oil for delivery in March rose 1.80% or 0.96 to hit $54.27 a barrel, while the March US coffee C contract fell 0.49% or 0.50 to trade at $102.10 .

USD/BRL was down 0.96% to 3.6843, while EUR/BRL fell 0.50% to 4.2306.

The US Dollar Index Futures was down 0.44% at 95.093.