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Brazil stocks higher at close of trade; Bovespa up 0.32%

Published 02/19/2018, 04:30 PM
Updated 02/19/2018, 04:35 PM
© Reuters.  Brazil stocks higher at close of trade; Bovespa up 0.32%

Investing.com – Brazil stocks were higher after the close on Monday, as gains in the Basic Materials, Industrials and Electric Power sectors led shares higher.

At the close in Sao Paulo, the Bovespa added 0.32%.

The best performers of the session on the Bovespa were Gerdau SA Pref (SA:GGBR4), which rose 5.02% or 0.80 points to trade at 16.73 at the close. Meanwhile, Magazine Luiza SA (SA:MGLU3) added 4.64% or 3.65 points to end at 82.26 and Metalurgica Gerdau SA (SA:GOAU4) was up 4.44% or 0.33 points to 7.77 in late trade.

The worst performers of the session were BB Seguridade Participacoes SA (SA:BBSE3), which fell 4.63% or 1.47 points to trade at 30.28 at the close. Tim Participacoes SA (SA:TIMP3) declined 2.13% or 0.30 points to end at 13.79 and IGUATEMI ON NM (SA:IGTA3) was down 1.77% or 0.71 points to 39.44.

Rising stocks outnumbered declining ones on the BM&FBovespa Stock Exchange by 219 to 147 and 46 ended unchanged.

Shares in Gerdau SA Pref (SA:GGBR4) rose to 3-years highs; rising 5.02% or 0.80 to 16.73. Shares in Metalurgica Gerdau SA (SA:GOAU4) rose to 52-week highs; up 4.44% or 0.33 to 7.77.

The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was up 0.24% to 29.69.

Gold Futures for April delivery was down 0.54% or 7.30 to $1348.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April rose 1.35% or 0.83 to hit $62.38 a barrel, while the May US coffee C contract unchanged 0.00% or 0.00 to trade at $120.45 .

USD/BRL was up 0.20% to 3.2369, while EUR/BRL rose 0.19% to 4.0164.

The US Dollar Index Futures was up 0.06% at 89.08.

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