Brazil shares higher at close of trade; Bovespa up 0.31%

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Brazil shares higher at close of trade; Bovespa up 0.31%
Credit: © Reuters. – Brazil equities were higher at the close on Tuesday, as gains in the Real Estate , Basic Materials and Public Utilities sectors propelled shares higher.

At the close in Sao Paulo, the Bovespa rose 0.31% to hit a new 1-month high.

The biggest gainers of the session on the Bovespa were Cia de Saneamento Basico do Estado (SA: SBSP3 ), which rose 6.81% or 2.06 points to trade at 32.31 at the close. Qualicorp SA (SA: QUAL3 ) added 5.48% or 1.46 points to end at 28.09 and Metalurgica Gerdau SA (SA: GOAU4 ) was up 4.98% or 0.23 points to 4.85 in late trade.

Biggest losers included JBS SA (SA: JBSS3 ), which lost 8.62% or 0.93 points to trade at 9.86 in late trade. WEG SA (SA: WEGE3 ) declined 4.51% or 0.92 points to end at 19.50 and Centrais Eletricas Brasileiras SA (SA: ELET6 ) shed 4.01% or 0.85 points to 20.36.

Advancing stocks outnumbered falling ones by 216 to 174 and 37 ended unchanged on the Sao Paulo Stock Exchange.

The CBOE Brazil Etf Volatility , which measures the implied volatility of Bovespa options, was down 0.83% to 32.23.

In commodities trading, Gold Futures for June delivery was up 0.56% or 6.90 to $1236.90 a troy ounce. Meanwhile, Crude oil for delivery in June fell 1.11% or 0.54 to hit $48.31 a barrel, while the July US coffee C contract fell 1.33% or 1.78 to trade at $131.57 .

USD/BRL was down 0.43% to 3.0975, while EUR/BRL rose 0.61% to 3.4349.

The US Dollar Index Futures was down 0.77% at 98.05.

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