Investing.com – Brazil stocks were higher after the close on Friday, as gains in the Basic Materials, Public Utilities and Industrials sectors led shares higher.
At the close in Sao Paulo, the Bovespa added 0.64% to hit a new 52-week high.
The best performers of the session on the Bovespa were Localiza Rent a Car SA (SA:RENT3), which rose 5.52% or 2.03 points to trade at 38.80 at the close. Meanwhile, Gerdau SA (SA:GGBR4) added 5.35% or 0.37 points to end at 7.29 and Cia de Saneamento Basico do Estado (SA:SBSP3) was up 4.58% or 1.38 points to 31.49 in late trade.
The worst performers of the session were Banco do Brasil SA (SA:BBAS3), which fell 1.62% or 0.34 points to trade at 20.61 at the close. Vale SA (SA:VALE3) declined 1.44% or 0.25 points to end at 17.15 and Bradespar SA (SA:BRAP4) was down 1.16% or 0.12 points to 10.19.
Rising stocks outnumbered declining ones on the Sao Paulo Stock Exchange by 190 to 102 and 26 ended unchanged.
Shares in Localiza Rent a Car SA (SA:RENT3) rose to 52-week highs; rising 5.52% or 2.03 to 38.80. Shares in Cia de Saneamento Basico do Estado (SA:SBSP3) rose to 3-years highs; rising 4.58% or 1.38 to 31.49.
The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 1.91% to 32.37 a new 52-week low.
Gold for August delivery was down 0.62% or 8.25 to $1322.75 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September fell 1.14% or 0.51 to hit $44.24 a barrel, while the September US coffee C contract fell 3.22% or 4.75 to trade at $142.57 .
USD/BRL was down 0.46% to 3.2567, while EUR/BRL fell 0.96% to 3.5741.
The US Dollar Index was up 0.53% at 97.45.