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Home / International Markets / Brazil stocks higher at close of trade; Bovespa up 1.75%
Brazil stocks higher at close of trade; Bovespa up 1.75%

Brazil stocks higher at close of trade; Bovespa up 1.75%

BRASÍLIA: Brazil stocks were higher after the close on Wednesday, as gains in the Real Estate, Financials and Consumption sectors led shares higher. At the close in Sao Paulo, the Bovespa rose 1.75% to hit a new 5-year high. The best performers of the session on the Bovespa were Estacio Participacoes SA (SA:ESTC3), which rose 5.92% or 1.57 points to trade at 28.09 at the close. Meanwhile, Petroleo Brasileiro SA (SA:PETR3) added 4.38% or 0.65 points to end at 15.50 and Petroleo Brasileiro SA PN (SA:PETR4) was up 4.23% or 0.61 points to 15.02 in late trade. The worst performers of the session were RUMO Logistica Operadora Multimodal SA (SA:RAIL3), which fell 3.85% or 0.39 points to trade at 9.75 at the close. TAESA UNT N2 (SA:TAEE11) declined 1.26% or 0.29 points to end at 22.78 and WEG SA (SA:WEGE3) was down 1.02% or 0.22 points to 21.43. Rising stocks outnumbered declining ones on the Sao Paulo Stock Exchange by 258 to 131 and 37 ended unchanged. Shares in Estacio Participacoes SA (SA:ESTC3) rose to 52-week highs; up 5.92% or 1.57 to 28.09.

The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 1.31% to 27.07. Gold Futures for December delivery was down 0.38% or 5.07 to $1339.43 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October rose 0.95% or 0.46 to hit $49.12 a barrel, while the December US coffee C contract rose 0.05% or 0.07 to trade at $128.17 . USD/BRL was down 0.49% to 3.1019, while EUR/BRL fell 0.45% to 3.6970. The US Dollar Index Futures was down 0.09% at 92.20.