Brazil shares higher at close of trade; Bovespa up 6.60%

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Brazil shares higher at close of trade; Bovespa up 6.60% – Brazil equities were higher at the close on Thursday, as gains in the Financials , Real Estate and Electric Power sectors propelled shares higher.

At the close in Sao Paulo, the Bovespa rose 6.60% to hit a new 6-month high.

The biggest gainers of the session on the Bovespa were Cia Siderurgica Nacional SA (SA: CSNA3 ), which rose 18.18% or 1.22 points to trade at 7.93 at the close. Banco do Brasil SA (SA: BBAS3 ) added 14.37% or 2.60 points to end at 20.69 and Banco Bradesco SA (SA: BBDC4 ) was up 13.03% or 3.21 points to 27.85 in late trade.

Biggest losers included Suzano Papel e Celulose SA (SA: SUZB5 ), which lost 4.49% or 0.64 points to trade at 13.61 in late trade. Fibria Celulose SA (SA: FIBR3 ) declined 3.94% or 1.39 points to end at 33.90 and Embraer SA (SA: EMBR3 ) shed 3.16% or 0.74 points to 22.68.

Advancing stocks outnumbered falling ones by 222 to 71 and 21 ended unchanged on the Sao Paulo Stock Exchange.

The CBOE Brazil Etf Volatility , which measures the implied volatility of Bovespa options, was up 3.34% to 54.70 a new 1-month high.

In commodities trading, Gold for April delivery was up 2.28% or 28.10 to $1257.90 a troy ounce. Meanwhile, Crude oil for delivery in April rose 4.73% or 1.82 to hit $40.28 a barrel, while the May US coffee C contract rose 3.00% or 3.88 to trade at $133.00 .

USD/BRL was down 2.86% to 3.6374, while EUR/BRL fell 2.08% to 4.1156.

The US Dollar Index was down 0.94% at 94.80.

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