Investing.com – Brazil stocks were higher after the close on Wednesday, as gains in the Financials, Basic Materials and Public Utilities sectors led shares higher.
At the close in Sao Paulo, the Bovespa rose 0.80% to hit a new 52-week high.
The best performers of the session on the Bovespa were Metalurgica Gerdau SA (SA:GOAU4), which rose 7.69% or 0.280 points to trade at 3.920 at the close. Meanwhile, Qualicorp SA (SA:QUAL3) added 4.36% or 0.98 points to end at 23.48 and ALL America Latina Logistica SA (SA:RUMO3) was up 3.53% or 0.240 points to 7.040 in late trade.
The worst performers of the session were Lojas Americanas SA (SA:LAME4), which fell 1.90% or 0.38 points to trade at 19.59 at the close. Cia Siderurgica Nacional SA (SA:CSNA3) declined 1.80% or 0.19 points to end at 10.34 and Cia Energetica de Minas Gerais (SA:CMIG4) was down 1.68% or 0.16 points to 9.38.
Rising stocks outnumbered declining ones on the Sao Paulo Stock Exchange by 162 to 152 and 15 ended unchanged.
Shares in Metalurgica Gerdau SA (SA:GOAU4) rose to 52-week highs; up 7.69% or 0.280 to 3.920. Shares in Qualicorp SA (SA:QUAL3) rose to 52-week highs; up 4.36% or 0.98 to 23.48.
The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 1.37% to 33.18.
Gold for December delivery was down 0.25% or 3.35 to $1353.55 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September rose 0.69% or 0.32 to hit $46.90 a barrel, while the September US coffee C contract fell 1.54% or 2.12 to trade at $135.10 .
USD/BRL was up 0.16% to 3.2071, while EUR/BRL rose 0.22% to 3.6201.
The US Dollar Index was down 0.03% at 94.72.