Brazil shares higher at close of trade; Bovespa up 1.97%

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

At the close in Sao Paulo, the Bovespa gained 1.97%.

The biggest gainers of the session on the Bovespa were Gerdau SA Pref (SA: GGBR4 ), which rose 6.65% or 1.04 points to trade at 16.67 at the close. Viavarejo Unt (SA: VVAR11 ) added 5.25% or 0.85 points to end at 17.04 and Usinas Siderurgicas de Minas Gerais (SA: USIM5 ) was up 5.12% or 0.39 points to 8.00 in late trade.

Biggest losers included Suzano Papel e Celulose SA (SA: SUZB3 ), which lost 4.24% or 2.18 points to trade at 49.22 in late trade. Telefonica Brasil SA (SA: VIVT4 ) declined 3.97% or 1.60 points to end at 38.75 and Cielo SA (SA: CIEL3 ) shed 2.33% or 0.33 points to 13.86.

Advancing stocks outnumbered falling ones by 277 to 168 and 45 ended unchanged on the BM&FBovespa Stock Exchange.

The CBOE Brazil Etf Volatility , which measures the implied volatility of Bovespa options, was down 8.53% to 49.98.

In commodities trading, Gold Futures for December delivery was down 0.24% or 2.90 to $1202.90 a troy ounce. Meanwhile, Crude oil for delivery in November rose 1.49% or 1.02 to hit $69.70 a barrel, while the December US coffee C contract fell 1.44% or 1.40 to trade at $95.85 .

USD/BRL was up 0.48% to 4.1531, while EUR/BRL rose 0.32% to 4.8452.

The US Dollar Index Futures was up 0.11% at 94.19.