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Brazil stocks higher at close of trade; Bovespa up 0.37%

Published 05/08/2018, 04:25 PM
Updated 05/08/2018, 04:25 PM
© Reuters.  Brazil stocks higher at close of trade; Bovespa up 0.37%

Investing.com – Brazil stocks were higher after the close on Tuesday, as gains in the Consumption, Industrials and Financials sectors led shares higher.

At the close in Sao Paulo, the Bovespa gained 0.37%.

The best performers of the session on the Bovespa were Magazine Luiza SA (SA:MGLU3), which rose 14.60% or 14.14 points to trade at 110.99 at the close. Meanwhile, Estacio Participacoes SA (SA:ESTC3) added 3.17% or 0.95 points to end at 30.93 and Banco do Brasil SA (SA:BBAS3) was up 2.72% or 0.95 points to 35.84 in late trade.

The worst performers of the session were Bradespar SA (SA:BRAP4), which fell 5.55% or 1.91 points to trade at 32.48 at the close. Cyrela Brazil Realty SA (SA:CYRE3) declined 3.87% or 0.52 points to end at 12.92 and Smiles Fidelidade SA (SA:SMLS3) was down 2.75% or 1.95 points to 68.93.

Falling stocks outnumbered advancing ones on the BM&FBovespa Stock Exchange by 203 to 193 and 31 ended unchanged.

Shares in Magazine Luiza SA (SA:MGLU3) rose to all time highs; rising 14.60% or 14.14 to 110.99.

The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was up 0.81% to 28.47.

Gold Futures for June delivery was up 0.05% or 0.70 to $1314.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June fell 1.46% or 1.03 to hit $69.70 a barrel, while the July US coffee C contract fell 0.87% or 1.05 to trade at $119.67 .

USD/BRL was up 0.51% to 3.5688, while EUR/BRL unchanged 0.00% to 4.2346.

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The US Dollar Index Futures was up 0.36% at 92.94.

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