Investing.com – Brazil equities were higher at the close on Wednesday, as gains in the Basic Materials, Industrials and Real Estate sectors propelled shares higher.
At the close in Sao Paulo, the Bovespa added 0.05%.
The biggest gainers of the session on the Bovespa were Metalurgica Gerdau SA (SA:GOAU4), which rose 7.98% or 0.430 points to trade at 5.820 at the close. Usinas Siderurgicas de Minas Gerais (SA:USIM5) added 7.60% or 0.32 points to end at 4.53 and Cia Siderurgica Nacional SA (SA:CSNA3) was up 6.67% or 0.80 points to 12.79 in late trade.
Biggest losers included Qualicorp SA (SA:QUAL3), which lost 6.13% or 1.13 points to trade at 17.29 in late trade. Smiles ON (SA:SMLE3) declined 4.42% or 2.13 points to end at 46.05 and Braskem SA (SA:BRKM5) shed 3.63% or 1.01 points to 26.85.
Declining stocks outnumbered rising ones by 179 to 159 and 34 ended unchanged on the Sao Paulo Stock Exchange.
The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was up 1.63% to 36.27.
In commodities trading, Gold for December delivery was down 1.99% or 24.15 to $1187.05 a troy ounce. Meanwhile, Crude oil for delivery in January fell 0.08% or 0.04 to hit $47.99 a barrel, while the March US coffee C contract fell 2.35% or 3.80 to trade at $157.77 .
USD/BRL was up 1.06% to 3.3906, while EUR/BRL rose 0.36% to 3.5781.
The US Dollar Index was up 0.60% at 101.70.