Brazil shares higher at close of trade; Bovespa up 0.62%

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

At the close in Sao Paulo, the Bovespa gained 0.62%.

The biggest gainers of the session on the Bovespa were EcoRodovias SA (SA: ECOR3 ), which rose 5.01% or 0.46 points to trade at 9.65 at the close. Qualicorp SA (SA: QUAL3 ) added 4.31% or 0.85 points to end at 20.56 and WEG SA (SA: WEGE3 ) was up 3.73% or 0.63 points to 17.54 in late trade.

Biggest losers included Suzano Papel e Celulose SA (SA: SUZB5 ), which lost 2.45% or 0.33 points to trade at 13.12 in late trade. Raia Drogasil SA (SA: RADL3 ) declined 2.15% or 1.28 points to end at 58.12 and Banco Bradesco SA (SA: BBDC3 ) shed 2.02% or 0.66 points to 31.97.

Advancing stocks outnumbered falling ones by 236 to 132 and 34 ended unchanged on the Sao Paulo Stock Exchange.

The CBOE Brazil Etf Volatility , which measures the implied volatility of Bovespa options, was down 2.73% to 31.39.

In commodities trading, Gold Futures for April delivery was down 0.35% or 4.40 to $1249.50 a troy ounce. Meanwhile, Crude oil for delivery in April fell 0.31% or 0.17 to hit $53.84 a barrel, while the May US coffee C contract rose 1.93% or 2.75 to trade at $145.18 .

USD/BRL was down 0.48% to 3.0938, while EUR/BRL fell 0.79% to 3.2623.

The US Dollar Index Futures was up 0.38% at 101.72.