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Brazil shares higher at close of trade; Bovespa up 2.74%

Published 2018-11-27, 03:35 p/m
Updated 2018-11-27, 03:35 p/m
© Reuters.  Brazil shares higher at close of trade; Bovespa up 2.74%

© Reuters. Brazil shares higher at close of trade; Bovespa up 2.74%

Investing.com – Brazil equities were higher at the close on Tuesday, as gains in the Financials, Public Utilities and Real Estate sectors propelled shares higher.

At the close in Sao Paulo, the Bovespa added 2.74%.

The biggest gainers of the session on the Bovespa were Cia Paranaense de Energia (SA:CPLE6), which rose 7.44% or 2.21 points to trade at 31.91 at the close. Magazine Luiza SA (SA:MGLU3) added 6.70% or 10.60 points to end at 168.77 and Smiles Fidelidade SA (SA:SMLS3) was up 6.56% or 2.60 points to 42.25 in late trade.

Biggest losers included Suzano Papel e Celulose SA (SA:SUZB3), which lost 2.32% or 0.88 points to trade at 37.01 in late trade. Cielo SA (SA:CIEL3) declined 1.71% or 0.15 points to end at 8.60 and Fibria Celulose SA (SA:FIBR3) shed 0.89% or 0.64 points to 71.03.

Advancing stocks outnumbered falling ones by 257 to 148 and 32 ended unchanged on the BM&FBovespa Stock Exchange.

The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 4.70% to 37.89.

In commodities trading, Gold Futures for February delivery was down 0.75% or 9.20 to $1219.50 a troy ounce. Meanwhile, Crude oil for delivery in January rose 0.27% or 0.14 to hit $51.77 a barrel, while the March US coffee C contract rose 2.21% or 2.45 to trade at $113.40 .

USD/BRL was down 1.68% to 3.8749, while EUR/BRL fell 1.96% to 4.3765.

The US Dollar Index Futures was up 0.32% at 97.292.

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