Brazil shares higher at close of trade; Bovespa up 1.58%

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Brazil shares higher at close of trade; Bovespa up 1.58% – Brazil equities were higher at the close on Tuesday, as gains in the Basic Materials , Real Estate and Financials sectors propelled shares higher.

At the close in Sao Paulo, the Bovespa gained 1.58%.

The biggest gainers of the session on the Bovespa were Usinas Siderurgicas de Minas Gerais (SA: USIM5 ), which rose 7.10% or 0.62 points to trade at 9.35 at the close. Smiles Fidelidade SA (SA: SMLS3 ) added 5.97% or 4.57 points to end at 81.11 and RUMO Logistica Operadora Multimodal SA (SA: RAIL3 ) was up 5.96% or 0.73 points to 12.98 in late trade.

Biggest losers included Cia Siderurgica Nacional SA (SA: CSNA3 ), which lost 1.04% or 0.08 points to trade at 7.64 in late trade. Petroleo Brasileiro SA (SA: PETR3 ) declined 0.97% or 0.16 points to end at 16.36 and Natura Cosmeticos SA (SA: NATU3 ) shed 0.91% or 0.30 points to 32.60.

Advancing stocks outnumbered falling ones by 280 to 154 and 32 ended unchanged on the BM&FBovespa Stock Exchange.

The CBOE Brazil Etf Volatility , which measures the implied volatility of Bovespa options, was up 1.54% to 33.05.

In commodities trading, Gold Futures for December delivery was up 0.42% or 5.41 to $1280.71 a troy ounce. Meanwhile, Crude oil for delivery in January rose 0.89% or 0.50 to hit $56.92 a barrel, while the December US coffee C contract rose 0.81% or 1.00 to trade at $123.90 .

USD/BRL was down 0.01% to 3.2570, while EUR/BRL rose 0.05% to 3.8235.

The US Dollar Index Futures was down 0.11% at 93.90.

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