Investing.com – Brazil stocks were higher after the close on Wednesday, as gains in the Basic Materials, Financials and Electric Power sectors led shares higher.
At the close in Sao Paulo, the Bovespa gained 2.47% to hit a new 1-month high.
The best performers of the session on the Bovespa were Vale SA (SA:VALE3), which rose 10.05% or 1.84 points to trade at 20.15 at the close. Meanwhile, Banco Santander Brasil SA (SA:SANB11) added 8.82% or 1.23 points to end at 15.17 and ALL America Latina Logistica SA (SA:RUMO3) was up 8.66% or 0.55 points to 6.90 in late trade.
The worst performers of the session were BRF SA (SA:BRFS3), which fell 3.53% or 2.43 points to trade at 66.47 at the close. JBS SA (SA:JBSS3) declined 2.78% or 0.45 points to end at 15.75 and Marfrig Alimentos SA (SA:MRFG3) was down 2.44% or 0.17 points to 6.81.
Rising stocks outnumbered declining ones on the Sao Paulo Stock Exchange by 230 to 78 and 8 ended unchanged.
The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was up 0.53% to 48.96.
Gold for December delivery was down 0.10% or 1.10 to $1145.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 0.89% or 0.43 to hit $48.10 a barrel, while the December US coffee C contract fell 1.47% or 1.88 to trade at $126.03 .
USD/BRL was up 0.81% to 3.8844, while EUR/BRL rose 0.51% to 4.3666.
The US Dollar Index was up 0.12% at 95.64.