Brazil shares higher at close of trade; Bovespa up 1.93%

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

At the close in Sao Paulo, the Bovespa rose 1.93% to hit a new 1-month high.

The biggest gainers of the session on the Bovespa were Metalurgica Gerdau SA (SA: GOAU4 ), which rose 5.83% or 0.42 points to trade at 7.62 at the close. Viavarejo Unt (SA: VVAR11 ) added 5.03% or 0.88 points to end at 18.38 and Localiza Rent a Car SA (SA: RENT3 ) was up 4.49% or 1.05 points to 24.44 in late trade.

Biggest losers included Estacio Participacoes SA (SA: ESTC3 ), which lost 4.10% or 1.10 points to trade at 25.70 in late trade. Engie Brasil Energia SA (SA: EGIE3 ) declined 1.96% or 0.71 points to end at 35.50 and Suzano Papel e Celulose SA (SA: SUZB3 ) shed 1.40% or 0.62 points to 43.69.

Advancing stocks outnumbered falling ones by 271 to 147 and 24 ended unchanged on the BM&FBovespa Stock Exchange.

The CBOE Brazil Etf Volatility , which measures the implied volatility of Bovespa options, was down 2.60% to 31.14 a new 1-month low.

In commodities trading, Gold Futures for August delivery was down 0.96% or 11.90 to $1227.80 a troy ounce. Meanwhile, Crude oil for delivery in September rose 0.03% or 0.02 to hit $67.09 a barrel, while the September US coffee C contract fell 1.18% or 1.30 to trade at $109.12 .

USD/BRL was down 0.46% to 3.8452, while EUR/BRL fell 0.87% to 4.4845.

The US Dollar Index Futures was up 0.48% at 94.72.