Investing.com – Brazil equities were higher at the close on Monday, as gains in the Basic Materials, Public Utilities and Electric Power sectors propelled shares higher.
At the close in Sao Paulo, the Bovespa rose 1.28% to hit a new 3-year high.
The biggest gainers of the session on the Bovespa were Vale SA (SA:VALE3), which rose 9.18% or 3.01 points to trade at 35.81 at the close. Bradespar SA (SA:BRAP4) added 7.66% or 1.67 points to end at 23.47 and Vale SA Pref (SA:VALE5) was up 6.79% or 2.12 points to 33.35 in late trade.
Biggest losers included MRV Engenharia e Participacoes SA (SA:MRVE3), which lost 2.00% or 0.28 points to trade at 13.72 in late trade. Cyrela Brazil Realty SA (SA:CYRE3) declined 1.98% or 0.28 points to end at 13.86 and BR Malls Participacoes SA (SA:BRML3) shed 1.44% or 0.22 points to 15.10.
Advancing stocks outnumbered falling ones by 268 to 127 and 31 ended unchanged on the Sao Paulo Stock Exchange.
The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 1.37% to 26.01 a new 52-week low.
In commodities trading, Gold Futures for April delivery was down 0.68% or 8.45 to $1227.45 a troy ounce. Meanwhile, Crude oil for delivery in March fell 1.84% or 0.99 to hit $52.87 a barrel, while the May US coffee C contract fell 0.88% or 1.30 to trade at $146.85 .
USD/BRL was down 0.14% to 3.1115, while EUR/BRL fell 0.50% to 3.2982.
The US Dollar Index Futures was up 0.23% at 100.95.