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Brazil stocks higher at close of trade; Bovespa up 1.54%

Published 09/01/2017, 04:35 PM
Brazil stocks higher at close of trade; Bovespa up 1.54%
IBOV
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INDX
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IFNC
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IMAT
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BRML3
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CSNA3
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GGBR4
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MULT3
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QUAL3
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USIM5
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VXEWZ
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Investing.com – Brazil stocks were higher after the close on Friday, as gains in the Basic Materials, Financials and Industrials sectors led shares higher.

At the close in Sao Paulo, the Bovespa added 1.54% to hit a new 5-year high.

The best performers of the session on the Bovespa were Usinas Siderurgicas de Minas Gerais (SA:USIM5), which rose 10.30% or 0.71 points to trade at 7.60 at the close. Meanwhile, Cia Siderurgica Nacional SA (SA:CSNA3) added 6.67% or 0.58 points to end at 9.27 and Gerdau SA Pref (SA:GGBR4) was up 6.24% or 0.74 points to 12.59 in late trade.

The worst performers of the session were Qualicorp SA (SA:QUAL3), which fell 2.47% or 0.86 points to trade at 33.99 at the close. Multiplan SA (SA:MULT3) declined 1.11% or 0.81 points to end at 72.28 and BR Malls Participacoes SA (SA:BRML3) was down 1.03% or 0.14 points to 13.46.

Rising stocks outnumbered declining ones on the Sao Paulo Stock Exchange by 253 to 144 and 38 ended unchanged.

Shares in Usinas Siderurgicas de Minas Gerais (SA:USIM5) rose to 52-week highs; up 10.30% or 0.71 to 7.60.

The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 2.38% to 24.64.

Gold Futures for December delivery was up 0.61% or 8.01 to $1330.21 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October rose 0.15% or 0.07 to hit $47.30 a barrel, while the December US coffee C contract fell 0.15% or 0.19 to trade at $128.88 .

USD/BRL was down 0.19% to 3.1430, while EUR/BRL fell 0.57% to 3.7274.

The US Dollar Index Futures was up 0.24% at 92.81.

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