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Brazil stocks higher at close of trade; Bovespa up 0.04%

Brazil stocks higher at close of trade; Bovespa up 0.04%

BRASÍLIA: Brazil stocks were higher after the close on Wednesday, as gains in the Electric Power, Public Utilities and Consumption sectors led shares higher. At the close in Sao Paulo, the Bovespa gained 0.04%. The best performers of the session on the Bovespa were Braskem SA (SA:BRKM5), which rose 6.70% or 2.82 points to trade at 44.94 at the close. Meanwhile, Petroleo Brasileiro SA PN (SA:PETR4) added 4.82% or 0.73 points to end at 15.87 and Petroleo Brasileiro SA (SA:PETR3) was up 3.80% or 0.60 points to 16.38 in late trade. The worst performers of the session were WEG SA (SA:WEGE3), which fell 3.37% or 0.79 points to trade at 22.66 at the close. Cia Siderurgica Nacional SA (SA:CSNA3) declined 3.21% or 0.35 points to end at 10.55 and Cielo SA (SA:CIEL3) was down 2.49% or 0.56 points to 21.92. Falling stocks outnumbered advancing ones on the Sao Paulo Stock Exchange by 208 to 182 and 34 ended unchanged.

Shares in Braskem SA (SA:BRKM5) rose to all time highs; up 6.70% or 2.82 to 44.94. The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was up 1.02% to 28.68. Gold Futures for December delivery was down 0.50% or 6.59 to $1304.01 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 1.60% or 0.80 to hit $50.70 a barrel, while the December US coffee C contract rose 1.10% or 1.48 to trade at $136.38 . USD/BRL was down 0.15% to 3.1300, while EUR/BRL fell 0.98% to 3.7245. The US Dollar Index Futures was up 0.63% at 92.20.