Investing.com – Brazil stocks were higher after the close on Wednesday, as gains in the Financials, Basic Materials and Industrials sectors led shares higher.
At the close in Sao Paulo, the Bovespa added 2.01% to hit a new 1-month high.
The best performers of the session on the Bovespa were BRF SA (SA:BRFS3), which rose 9.55% or 2.01 points to trade at 23.05 at the close. Meanwhile, Usinas Siderurgicas de Minas Gerais (SA:USIM5) added 8.01% or 0.82 points to end at 11.06 and Cia Siderurgica Nacional SA (SA:CSNA3) was up 6.21% or 0.54 points to 9.23 in late trade.
The worst performers of the session were EDP - Energias do Brasil SA (SA:ENBR3), which fell 2.78% or 0.39 points to trade at 13.65 at the close. Raia Drogasil SA (SA:RADL3) declined 1.69% or 1.19 points to end at 69.35 and Suzano Papel e Celulose SA (SA:SUZB3) was down 1.43% or 0.54 points to 37.35.
Rising stocks outnumbered declining ones on the BM&FBovespa Stock Exchange by 227 to 168 and 29 ended unchanged.
The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 6.17% to 26.59 a new 1-month low.
Gold Futures for June delivery was up 0.21% or 2.80 to $1352.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May rose 3.44% or 2.29 to hit $68.81 a barrel, while the July US coffee C contract rose 0.91% or 1.05 to trade at $116.97 .
USD/BRL was down 0.66% to 3.3811, while EUR/BRL fell 0.66% to 4.1856.
The US Dollar Index Futures was up 0.13% at 89.34.