Brazil shares higher at close of trade; Bovespa up 1.55%

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Brazil shares higher at close of trade; Bovespa up 1.55% – Brazil equities were higher at the close on Tuesday, as gains in the Public Utilities , Electric Power and Financials sectors propelled shares higher.

At the close in Sao Paulo, the Bovespa gained 1.55%.

The biggest gainers of the session on the Bovespa were Petroleo Brasileiro SA (SA: PETR4 ), which rose 4.78% or 0.42 points to trade at 9.20 at the close. Vale SA (SA: VALE5 ) added 4.75% or 0.57 points to end at 12.56 and Vale SA (SA: VALE3 ) was up 4.46% or 0.66 points to 15.46 in late trade.

Biggest losers included Hypermarcas SA (SA: HYPE3 ), which lost 8.47% or 2.40 points to trade at 25.95 in late trade. Klabin Unt (SA: KLBN11 ) declined 4.00% or 0.63 points to end at 15.12 and Fibria Celulose SA (SA: FIBR3 ) shed 3.52% or 0.82 points to 22.48.

Advancing stocks outnumbered falling ones by 187 to 144 and 13 ended unchanged on the Sao Paulo Stock Exchange.

The CBOE Brazil Etf Volatility , which measures the implied volatility of Bovespa options, was down 8.53% to 38.62.

In commodities trading, Gold for August delivery was down 0.76% or 10.10 to $1314.60 a troy ounce. Meanwhile, Crude oil for delivery in August rose 3.69% or 1.71 to hit $48.04 a barrel, while the September US coffee C contract rose 3.57% or 4.86 to trade at $140.88 .

USD/BRL was down 2.69% to 3.3019, while EUR/BRL fell 2.17% to 3.6593.

The US Dollar Index was down 0.46% at 96.11.

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