Brazil shares higher at close of trade; Bovespa up 0.40%

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Brazil shares higher at close of trade; Bovespa up 0.40%
Credit: © Reuters. – Brazil equities were higher at the close on Friday, as gains in the Basic Materials , Real Estate and Financials sectors propelled shares higher.

At the close in Sao Paulo, the Bovespa rose 0.40% to hit a new 1-month high.

The biggest gainers of the session on the Bovespa were MRV Engenharia e Participacoes SA (SA: MRVE3 ), which rose 3.28% or 0.44 points to trade at 13.84 at the close. Klabin Unt (SA: KLBN11 ) added 2.48% or 0.40 points to end at 16.50 and CEMIG - Companhia Energetica Minas Gerais Pref (SA: CMIG4 ) was up 2.16% or 0.19 points to 9.00 in late trade.

Biggest losers included Centrais Eletricas Brasileiras SA (SA: ELET6 ), which lost 5.11% or 0.95 points to trade at 17.65 in late trade. Centrais Eletricas Brasileiras SA (SA: ELET3 ) declined 4.64% or 0.71 points to end at 14.59 and Lojas Renner SA (SA: LREN3 ) shed 2.00% or 0.59 points to 28.95.

Advancing stocks outnumbered falling ones by 197 to 161 and 41 ended unchanged on the Sao Paulo Stock Exchange.

The CBOE Brazil Etf Volatility , which measures the implied volatility of Bovespa options, was down 3.37% to 26.07 a new 52-week low.

In commodities trading, Gold Futures for August delivery was up 0.88% or 10.75 to $1228.05 a troy ounce. Meanwhile, Crude oil for delivery in August rose 1.17% or 0.54 to hit $46.62 a barrel, while the September US coffee C contract rose 1.93% or 2.53 to trade at $133.70 .

USD/BRL was down 0.87% to 3.1837, while EUR/BRL fell 0.26% to 3.6512.

The US Dollar Index Futures was down 0.72% at 94.87.

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