Brazil stocks higher at close of trade; Bovespa up 0.44%

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

At the close in Sao Paulo, the Bovespa rose 0.44% to hit a new all time high.

The best performers of the session on the Bovespa were Itau Unibanco Banco Holding SA (BVMF:ITUB4 ), which rose 2.41% or 0.88 points to trade at 37.46 at the close. Meanwhile, Petroleo Brasileiro SA (BVMF:PETR3 ) added 2.34% or 0.99 points to end at 43.32 and Energy of Minas Gerais Co Preferred (BVMF:CMIG4 ) was up 2.30% or 0.26 points to 11.55 in late trade.

The worst performers of the session were Sao Martinho SA (BVMF:SMTO3 ), which fell 4.53% or 1.33 points to trade at 28.01 at the close. Companhia Siderurgica Nacional (BVMF:CSNA3 ) declined 3.42% or 0.42 points to end at 11.87 and Usinas Siderurgicas de Minas Gerais SA USIMINAS Pref (BVMF:USIM5 ) was down 3.41% or 0.22 points to 6.24.

Falling stocks outnumbered advancing ones on the B3 Stock Exchange by 471 to 454 and 58 ended unchanged.

Shares in Itau Unibanco Banco Holding SA (BVMF:ITUB4 ) rose to all time highs; rising 2.41% or 0.88 to 37.46. Shares in Petroleo Brasileiro SA (BVMF:PETR3 ) rose to 5-year highs; rising 2.34% or 0.99 to 43.32.

The CBOE Brazil Etf Volatility , which measures the implied volatility of Bovespa options, was down 2.44% to 25.55.

Gold Futures for December delivery was down 0.45% or 11.40 to $2,541.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October fell 1.24% or 0.94 to hit $74.59 a barrel, while the December US coffee C contract rose 0.67% or 1.70 to trade at $256.95 .

USD/BRL was up 0.92% to 5.56, while EUR/BRL rose 0.34% to 6.17.

The US Dollar Index Futures was up 0.53% at 100.99.

Source: Investing.com