Brazil stocks higher at close of trade; Bovespa up 1.57%

Investing.com – Brazil stocks were higher after the close on Wednesday, as gains in the Electric Power, Public Utilities and Industrials sectors led shares higher.

At the close in Sao Paulo, the Bovespa rose 1.57%.

The best performers of the session on the Bovespa were Companhia Brasileira De Distribuica (BVMF:PCAR3), which rose 9.12% or 0.27 points to trade at 3.23 at the close. Meanwhile, Marfrig Alimentos SA (BVMF:MRFG3) added 7.46% or 1.02 points to end at 14.69 and Embraer SA (BVMF:EMBR3) was up 5.79% or 2.69 points to 49.11 in late trade.

The worst performers of the session were IRB Brasil Resseguros SA (BVMF:IRBR3), which fell 6.27% or 3.26 points to trade at 48.70 at the close. 3R Petroleum Oleo E Gas Sa (BVMF:RRRP3) declined 3.22% or 0.82 points to end at 24.65 and Caixa Seguridade Participacoes SA (BVMF:CXSE3) was down 2.69% or 0.44 points to 15.94.

Rising stocks outnumbered declining ones on the B3 Stock Exchange by 555 to 381 and 69 ended unchanged.

Shares in 3R Petroleum Oleo E Gas Sa (BVMF:RRRP3) fell to 3-years lows; falling 3.22% or 0.82 to 24.65. Shares in Embraer SA (BVMF:EMBR3) rose to all time highs; rising 5.79% or 2.69 to 49.11.

The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was up 3.93% to 27.49.

Gold Futures for December delivery was up 0.11% or 2.65 to $2,525.65 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October fell 1.95% or 1.37 to hit $68.97 a barrel, while the December US coffee C contract rose 0.05% or 0.12 to trade at $242.92 .

USD/BRL was down 0.12% to 5.64, while EUR/BRL unchanged 0.08% to 6.24.

The US Dollar Index Futures was down 0.51% at 101.25.