BRASÍLIA: Brazil stocks were higher after the close on Tuesday, as gains in the Real Estate, Basic Materials and Public Utilities sectors led shares higher. At the close in Sao Paulo, the Bovespa rose 0.31% to hit a new 1-month high. The best performers of the session on the Bovespa were Cia de Saneamento Basico do Estado (SA:SBSP3), which rose 6.81% or 2.06 points to trade at 32.31 at the close. Meanwhile, Qualicorp SA (SA:QUAL3) added 5.48% or 1.46 points to end at 28.09 and Metalurgica Gerdau SA (SA:GOAU4) was up 4.98% or 0.23 points to 4.85 in late trade. The worst performers of the session were JBS SA (SA:JBSS3), which fell 8.62% or 0.93 points to trade at 9.86 at the close. WEG SA (SA:WEGE3) declined 4.51% or 0.92 points to end at 19.50 and Centrais Eletricas Brasileiras SA (SA:ELET6) was down 4.01% or 0.85 points to 20.36.
Rising stocks outnumbered declining ones on the Sao Paulo Stock Exchange by 216 to 174 and 37 ended unchanged. Shares in Qualicorp SA (SA:QUAL3) rose to all time highs; gaining 5.48% or 1.46 to 28.09.The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 0.83% to 32.23. Gold Futures for June delivery was up 0.55% or 6.80 to $1236.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June fell 1.06% or 0.52 to hit $48.33 a barrel, while the July US coffee C contract fell 1.33% or 1.78 to trade at $131.57 . USD/BRL was down 0.43% to 3.0975, while EUR/BRL rose 0.61% to 3.4349. The US Dollar Index Futures was down 0.77% at 98.05.