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Brazil stocks higher at close of trade; Bovespa up 0.40%

Published 07/04/2024, 04:30 PM
© Reuters.  Brazil stocks higher at close of trade; Bovespa up 0.40%
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Investing.com – Brazil stocks were higher after the close on Thursday, as gains in the Real Estate, Consumption and Public Utilities sectors led shares higher.

At the close in Sao Paulo, the Bovespa rose 0.40% to hit a new 1-month high.

The best performers of the session on the Bovespa were Grupo Vamos SA (BVMF:VAMO3), which rose 8.18% or 0.66 points to trade at 8.73 at the close. Meanwhile, Companhia Brasileira De Distribuica (BVMF:PCAR3) added 7.69% or 0.21 points to end at 2.94 and Lojas Renner SA (BVMF:LREN3) was up 6.44% or 0.80 points to 13.23 in late trade.

The worst performers of the session were CSN Mineracao SA (BVMF:CMIN3), which fell 1.62% or 0.09 points to trade at 5.45 at the close. Raia Drogasil SA (BVMF:RADL3) declined 1.61% or 0.41 points to end at 25.19 and Petroleo Brasileiro SA PN (BVMF:PETR4) was down 1.43% or 0.54 points to 37.30.

Rising stocks outnumbered declining ones on the B3 Stock Exchange by 517 to 356 and 56 ended unchanged.

The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 4.86% to 27.38.

Gold Futures for August delivery was down 0.17% or 4.10 to $2,365.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 0.21% or 0.18 to hit $84.06 a barrel, while the September US coffee C contract fell 1.65% or 3.75 to trade at $223.55 .

USD/BRL was down 1.26% to 5.49, while EUR/BRL fell 1.22% to 5.93.

The US Dollar Index Futures was down 0.24% at 104.82.

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