BRASÍLIA: Brazil stocks were higher after the close on Wednesday, as gains in the Basic Materials, Financials and Consumption sectors led shares higher. At the close in Sao Paulo, the Bovespa gained 0.67% to hit a new 5-year high. The best performers of the session on the Bovespa were Metalurgica Gerdau SA (SA:GOAU4), which rose 7.42% or 0.40 points to trade at 5.79 at the close. Meanwhile, Usinas Siderurgicas de Minas Gerais (SA:USIM5) added 3.85% or 0.24 points to end at 6.48 and Lojas Renner SA (SA:LREN3) was up 2.99% or 0.90 points to 31.00 in late trade. The worst performers of the session were Centrais Eletricas Brasileiras SA (SA:ELET3), which fell 11.04% or 2.34 points to trade at 18.86 at the close. Centrais Eletricas Brasileiras SA (SA:ELET6) declined 9.13% or 2.15 points to end at 21.40 and Smiles ON (SA:SMLE3) was down 1.99% or 1.31 points to 64.54.
Rising stocks outnumbered declining ones on the Sao Paulo Stock Exchange by 206 to 164 and 45 ended unchanged. Shares in Usinas Siderurgicas de Minas Gerais (SA:USIM5) rose to 52-week highs; up 3.85% or 0.24 to 6.48. The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 1.59% to 25.44. Gold Futures for December delivery was up 0.35% or 4.47 to $1295.47 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October rose 1.11% or 0.53 to hit $48.36 a barrel, while the December US coffee C contract fell 0.37% or 0.48 to trade at $128.82 . USD/BRL was down 0.64% to 3.1421, while EUR/BRL fell 0.22% to 3.7112. The US Dollar Index Futures was down 0.33% at 93.11.