Investing.com – Brazil stocks were higher after the close on Wednesday, as gains in the Financials, Public Utilities and Consumption sectors led shares higher.
At the close in Sao Paulo, the Bovespa rose 3.72% to hit a new all time high.
The best performers of the session on the Bovespa were Centrais Eletricas Brasileiras SA (SA:ELET6), which rose 9.69% or 2.00 points to trade at 22.65 at the close. Meanwhile, Viavarejo Unt (SA:VVAR11) added 8.85% or 2.14 points to end at 26.33 and Magazine Luiza SA (SA:MGLU3) was up 8.13% or 6.09 points to 80.99 in late trade.
The worst performers of the session were Fibria Celulose SA (SA:FIBR3), which fell 3.43% or 1.89 points to trade at 53.23 at the close. Suzano Papel e Celulose SA (SA:SUZB3) declined 0.95% or 0.20 points to end at 20.89 and Cielo SA (SA:CIEL3) was down 0.92% or 0.25 points to 27.00.
Rising stocks outnumbered declining ones on the BM&FBovespa Stock Exchange by 298 to 164 and 25 ended unchanged.
Shares in Viavarejo Unt (SA:VVAR11) rose to all time highs; up 8.85% or 2.14 to 26.33.
The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 21.02% to 27.02.
Gold Futures for February delivery was up 1.61% or 21.50 to $1358.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March rose 2.19% or 1.41 to hit $65.88 a barrel, while the March US coffee C contract rose 1.16% or 1.40 to trade at $122.28 .
USD/BRL was down 2.79% to 3.1467, while EUR/BRL fell 1.97% to 3.9015.
The US Dollar Index Futures was down 0.91% at 89.06.