Investing.com – Brazil stocks were higher after the close on Wednesday, as gains in the Financials, Public Utilities and Electric Power sectors led shares higher.
At the close in Sao Paulo, the Bovespa rose 1.50% to hit a new 1-month high.
The best performers of the session on the Bovespa were Companhia Brasileira deDistribuicao (SA:PCAR4), which rose 7.70% or 5.85 points to trade at 81.85 at the close. Meanwhile, Gol Linhas Aereas Inteligentes SA Pref (SA:GOLL4) added 6.69% or 0.93 points to end at 14.83 and Banco Santander Brasil SA Unit (SA:SANB11) was up 5.26% or 1.79 points to 35.84 in late trade.
The worst performers of the session were Metalurgica Gerdau SA (SA:GOAU4), which fell 1.65% or 0.13 points to trade at 7.77 at the close. Cielo SA (SA:CIEL3) declined 1.60% or 0.27 points to end at 16.65 and CCR SA (SA:CCRO3) was down 1.43% or 0.16 points to 11.02.
Rising stocks outnumbered declining ones on the BM&FBovespa Stock Exchange by 226 to 203 and 36 ended unchanged.
The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 1.57% to 32.00.
Gold Futures for August delivery was up 0.51% or 6.30 to $1231.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September rose 1.20% or 0.82 to hit $69.34 a barrel, while the September US coffee C contract rose 0.08% or 0.09 to trade at $110.92 .
USD/BRL was down 1.28% to 3.7015, while EUR/BRL fell 0.87% to 4.3420.
The US Dollar Index Futures was down 0.41% at 94.00.