Brazil shares higher at close of trade; Bovespa up 2.74%

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Brazil shares higher at close of trade; Bovespa up 2.74%
Credit: © Reuters. – Brazil equities were higher at the close on Tuesday, as gains in the Financials , Public Utilities and Real Estate sectors propelled shares higher.

At the close in Sao Paulo, the Bovespa added 2.74%.

The biggest gainers of the session on the Bovespa were Cia Paranaense de Energia (SA: CPLE6 ), which rose 7.44% or 2.21 points to trade at 31.91 at the close. Magazine Luiza SA (SA: MGLU3 ) added 6.70% or 10.60 points to end at 168.77 and Smiles Fidelidade SA (SA: SMLS3 ) was up 6.56% or 2.60 points to 42.25 in late trade.

Biggest losers included Suzano Papel e Celulose SA (SA: SUZB3 ), which lost 2.32% or 0.88 points to trade at 37.01 in late trade. Cielo SA (SA: CIEL3 ) declined 1.71% or 0.15 points to end at 8.60 and Fibria Celulose SA (SA: FIBR3 ) shed 0.89% or 0.64 points to 71.03.

Advancing stocks outnumbered falling ones by 257 to 148 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 4.70% to 37.89.

In commodities trading, Gold Futures for February delivery was down 0.75% or 9.20 to $1219.50 a troy ounce. Meanwhile, Crude oil for delivery in January rose 0.27% or 0.14 to hit $51.77 a barrel, while the March US coffee C contract rose 2.21% or 2.45 to trade at $113.40 .

USD/BRL was down 1.68% to 3.8749, while EUR/BRL fell 1.96% to 4.3765.

The US Dollar Index Futures was up 0.32% at 97.292.

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