Brazil stocks higher at close of trade; Bovespa up 1.57%

Investing.com – Brazil stocks were higher after the close on Wednesday, as gains in the Electric Power , Public Utilities and Industrials sectors led shares higher.

At the close in Sao Paulo, the Bovespa rose 1.57%.

The best performers of the session on the Bovespa were Companhia Brasileira De Distribuica (BVMF:PCAR3 ), which rose 9.12% or 0.27 points to trade at 3.23 at the close. Meanwhile, Marfrig Alimentos SA (BVMF:MRFG3 ) added 7.46% or 1.02 points to end at 14.69 and Embraer SA (BVMF:EMBR3 ) was up 5.79% or 2.69 points to 49.11 in late trade.

The worst performers of the session were IRB Brasil Resseguros SA (BVMF:IRBR3 ), which fell 6.27% or 3.26 points to trade at 48.70 at the close. 3R Petroleum Oleo E Gas Sa (BVMF:RRRP3 ) declined 3.22% or 0.82 points to end at 24.65 and Caixa Seguridade Participacoes SA (BVMF:CXSE3 ) was down 2.69% or 0.44 points to 15.94.

Rising stocks outnumbered declining ones on the B3 Stock Exchange by 555 to 381 and 69 ended unchanged.

Shares in 3R Petroleum Oleo E Gas Sa (BVMF:RRRP3 ) fell to 3-years lows; falling 3.22% or 0.82 to 24.65. Shares in Embraer SA (BVMF:EMBR3 ) rose to all time highs; rising 5.79% or 2.69 to 49.11.

The CBOE Brazil Etf Volatility , which measures the implied volatility of Bovespa options, was up 3.93% to 27.49.

Gold Futures for December delivery was up 0.11% or 2.65 to $2,525.65 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October fell 1.95% or 1.37 to hit $68.97 a barrel, while the December US coffee C contract rose 0.05% or 0.12 to trade at $242.92 .

USD/BRL was down 0.12% to 5.64, while EUR/BRL unchanged 0.08% to 6.24.

The US Dollar Index Futures was down 0.51% at 101.25.

Source: Investing.com