Investing.com – Brazil equities were higher at the close on Wednesday, as gains in the Financials, Industrials and Public Utilities sectors propelled shares higher.
At the close in Sao Paulo, the Bovespa gained 1.89% to hit a new 3-year high.
The biggest gainers of the session on the Bovespa were CEMIG - Companhia Energetica Minas Gerais Pref (SA:CMIG4), which rose 6.93% or 0.65 points to trade at 10.03 at the close. Banco Santander Brasil SA Unit (SA:SANB11) added 4.23% or 1.45 points to end at 35.70 and Itau Unibanco Banco Holding SA (SA:ITUB4) was up 4.20% or 1.68 points to 41.68 in late trade.
Biggest losers included Lojas Americanas SA (SA:LAME4), which lost 3.57% or 0.60 points to trade at 16.20 in late trade. Braskem SA (SA:BRKM5) declined 3.16% or 1.07 points to end at 32.82 and Vale SA (SA:VALE3) shed 1.69% or 0.58 points to 33.82.
Advancing stocks outnumbered falling ones by 245 to 114 and 35 ended unchanged on the Sao Paulo Stock Exchange.
The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was up 2.91% to 27.26.
In commodities trading, Gold Futures for April delivery was up 0.60% or 7.35 to $1232.75 a troy ounce. Meanwhile, Crude oil for delivery in March fell 0.23% or 0.12 to hit $53.08 a barrel, while the May US coffee C contract rose 0.55% or 0.80 to trade at $146.73 .
USD/BRL was down 0.90% to 3.0571, while EUR/BRL fell 0.71% to 3.2399.
The US Dollar Index Futures was down 0.08% at 101.12.