Brazil shares higher at close of trade; Bovespa up 3.54%

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Brazil shares higher at close of trade; Bovespa up 3.54%
Credit: © Reuters. – Brazil equities were higher at the close on Wednesday, as gains in the Financials , Public Utilities and Electric Power sectors propelled shares higher.

At the close in Sao Paulo, the Bovespa added 3.54% to hit a new all time high.

The biggest gainers of the session on the Bovespa were Centrais Eletricas Brasileiras SA (SA: ELET3 ), which rose 20.72% or 5.02 points to trade at 29.25 at the close. Centrais Eletricas Brasileiras SA (SA: ELET6 ) added 14.52% or 4.09 points to end at 32.26 and Cia de Saneamento Basico do Estado (SA: SBSP3 ) was up 9.11% or 2.87 points to 34.37 in late trade.

Biggest losers included Log Commercial Properties e Participacoes SA (SA: LOGG3 ), which lost 6.49% or 1.17 points to trade at 16.85 in late trade. EDP - Energias do Brasil SA (SA: ENBR3 ) declined 3.86% or 0.57 points to end at 14.18 and Bradespar SA (SA: BRAP4 ) shed 1.77% or 0.56 points to 31.13.

Advancing stocks outnumbered falling ones by 334 to 136 and 26 ended unchanged on the BM&FBovespa Stock Exchange.

The CBOE Brazil Etf Volatility , which measures the implied volatility of Bovespa options, was down 2.94% to 35.93.

In commodities trading, Gold Futures for February delivery was up 0.14% or 1.85 to $1283.15 a troy ounce. Meanwhile, Crude oil for delivery in February rose 2.47% or 1.12 to hit $46.53 a barrel, while the March US coffee C contract fell 2.16% or 2.20 to trade at $99.65 .

USD/BRL was down 2.33% to 3.7900, while EUR/BRL fell 3.33% to 4.2998.

The US Dollar Index Futures was up 0.69% at 96.393.

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