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Brazil stocks higher at close of trade; Bovespa up 0.26%

Published 07/02/2024, 04:30 PM
© Reuters.  Brazil stocks higher at close of trade; Bovespa up 0.26%
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Investing.com – Brazil stocks were higher after the close on Tuesday, as gains in the Financials, Industrials and Real Estate sectors led shares higher.

At the close in Sao Paulo, the Bovespa gained 0.26% to hit a new 1-month high.

The best performers of the session on the Bovespa were Petroreconcavo SA (BVMF:RECV3), which rose 5.70% or 1.10 points to trade at 20.41 at the close. Meanwhile, Minerva SA/Brazil (BVMF:BEEF3) added 3.14% or 0.21 points to end at 6.90 and BRF SA (BVMF:BRFS3) was up 2.65% or 0.61 points to 23.63 in late trade.

The worst performers of the session were Cogna Educacao SA (BVMF:COGN3), which fell 7.26% or 0.13 points to trade at 1.66 at the close. Cvc Brasil ON (BVMF:CVCB3) declined 7.18% or 0.14 points to end at 1.81 and Sao Martinho SA (BVMF:SMTO3) was down 4.32% or 1.47 points to 32.59.

Rising stocks outnumbered declining ones on the B3 Stock Exchange by 539 to 391 and 40 ended unchanged.

Shares in BRF SA (BVMF:BRFS3) rose to 52-week highs; rising 2.65% or 0.61 to 23.63.

The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was up 6.85% to 28.08.

Gold Futures for August delivery was down 0.01% or 0.35 to $2,338.55 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August fell 0.28% or 0.23 to hit $83.15 a barrel, while the September US coffee C contract rose 0.81% or 1.82 to trade at $226.67 .

USD/BRL was up 0.10% to 5.67, while EUR/BRL rose 0.28% to 6.09.

The US Dollar Index Futures was down 0.20% at 105.37.

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