Brazil shares higher at close of trade; Bovespa up 0.77%

Investing.com – Brazil equities were higher at the close on Friday, as gains in the Financials , Real Estate and Electric Power sectors propelled shares higher.

At the close in Sao Paulo, the Bovespa rose 0.77% to hit a new 52-week high.

The biggest gainers of the session on the Bovespa were Gerdau SA (SA: GGBR4 ), which rose 3.87% or 0.36 points to trade at 9.67 at the close. Bradespar SA (SA: BRAP4 ) added 3.35% or 0.35 points to end at 10.80 and Marfrig Alimentos SA (SA: MRFG3 ) was up 3.11% or 0.17 points to 5.63 in late trade.

Biggest losers included Klabin Unt (SA: KLBN11 ), which lost 3.37% or 0.58 points to trade at 16.64 in late trade. Suzano Papel e Celulose SA (SA: SUZB5 ) declined 2.79% or 0.30 points to end at 10.45 and Fibria Celulose SA (SA: FIBR3 ) shed 2.43% or 0.57 points to 22.90.

Advancing stocks outnumbered falling ones by 187 to 147 and 28 ended unchanged on the Sao Paulo Stock Exchange.

The CBOE Brazil Etf Volatility , which measures the implied volatility of Bovespa options, was down 2.28% to 34.22.

In commodities trading, Gold for December delivery was up 0.44% or 5.55 to $1258.55 a troy ounce. Meanwhile, Crude oil for delivery in November fell 1.63% or 0.82 to hit $49.62 a barrel, while the December US coffee C contract rose 1.11% or 1.62 to trade at $147.85 .

USD/BRL was down 0.33% to 3.2169, while EUR/BRL rose 0.10% to 3.6035.

The US Dollar Index was down 0.14% at 96.52.