Brazil shares higher at close of trade; Bovespa up 0.60%

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

At the close in Sao Paulo, the Bovespa rose 0.60% to hit a new 1-month high.

The biggest gainers of the session on the Bovespa were Qualicorp SA (SA: QUAL3 ), which rose 3.87% or 1.11 points to trade at 29.81 at the close. JBS SA (SA: JBSS3 ) added 3.06% or 0.20 points to end at 6.73 and Metalurgica Gerdau SA (SA: GOAU4 ) was up 3.02% or 0.15 points to 5.12 in late trade.

Biggest losers included Companhia Brasileira deDistribuicao (SA: PCAR4 ), which lost 2.26% or 1.47 points to trade at 63.68 in late trade. Natura Cosmeticos SA (SA: NATU3 ) declined 2.10% or 0.54 points to end at 25.16 and BB Seguridade Participacoes SA (SA: BBSE3 ) shed 1.85% or 0.53 points to 28.12.

Advancing stocks outnumbered falling ones by 194 to 173 and 36 ended unchanged on the Sao Paulo Stock Exchange.

The CBOE Brazil Etf Volatility , which measures the implied volatility of Bovespa options, was down 1.44% to 30.18.

In commodities trading, Gold Futures for August delivery was down 1.55% or 19.23 to $1223.07 a troy ounce. Meanwhile, Crude oil for delivery in August rose 2.06% or 0.95 to hit $46.99 a barrel, while the September US coffee C contract rose 1.33% or 1.67 to trade at $127.67 .

USD/BRL was down 0.14% to 3.3045, while EUR/BRL fell 0.71% to 3.7543.

The US Dollar Index Futures was up 0.58% at 95.94.