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Brazil shares higher at close of trade; Bovespa up 0.70%

Published 2018-02-23, 04:30 p/m
© Reuters.  Brazil shares higher at close of trade; Bovespa up 0.70%
IBOV
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IEE
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IMOB
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IMAT
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BRFS3
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ELET3
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ELET6
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ITSA4
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MGLU3
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VXEWZ
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BBSE3
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Investing.com – Brazil equities were higher at the close on Friday, as gains in the Real Estate, Basic Materials and Electric Power sectors propelled shares higher.

At the close in Sao Paulo, the Bovespa gained 0.70% to hit a new all time high.

The biggest gainers of the session on the Bovespa were Magazine Luiza SA (SA:MGLU3), which rose 6.84% or 5.57 points to trade at 86.99 at the close. Centrais Eletricas Brasileiras SA (SA:ELET6) added 4.58% or 1.28 points to end at 29.23 and Centrais Eletricas Brasileiras SA (SA:ELET3) was up 4.23% or 1.01 points to 24.90 in late trade.

Biggest losers included BRF SA (SA:BRFS3), which lost 8.33% or 2.58 points to trade at 28.40 in late trade. Itausa - Investimentos Itau SA (SA:ITSA4) declined 5.22% or 0.75 points to end at 13.63 and BB Seguridade Participacoes SA (SA:BBSE3) shed 2.62% or 0.80 points to 29.75.

Advancing stocks outnumbered falling ones by 224 to 199 and 37 ended unchanged on the BM&FBovespa Stock Exchange.

The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 4.74% to 27.52.

In commodities trading, Gold Futures for April delivery was down 0.14% or 1.90 to $1330.80 a troy ounce. Meanwhile, Crude oil for delivery in April rose 1.24% or 0.78 to hit $63.55 a barrel, while the May US coffee C contract fell 0.12% or 0.15 to trade at $120.97 .

USD/BRL was down 0.37% to 3.2381, while EUR/BRL fell 0.67% to 3.9805.

The US Dollar Index Futures was up 0.16% at 89.80.

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