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Brazil stocks higher at close of trade; Bovespa up 2.74%

Published 11/27/2018, 03:35 PM
Updated 11/27/2018, 03:35 PM
© Reuters.  Brazil stocks higher at close of trade; Bovespa up 2.74%

Investing.com – Brazil stocks were higher after the close on Tuesday, as gains in the Financials, Public Utilities and Real Estate sectors led shares higher.

At the close in Sao Paulo, the Bovespa added 2.74%.

The best performers of the session on the Bovespa were Cia Paranaense de Energia (SA:CPLE6), which rose 7.44% or 2.21 points to trade at 31.91 at the close. Meanwhile, Magazine Luiza SA (SA:MGLU3) added 6.70% or 10.60 points to end at 168.77 and Smiles Fidelidade SA (SA:SMLS3) was up 6.56% or 2.60 points to 42.25 in late trade.

The worst performers of the session were Suzano Papel e Celulose SA (SA:SUZB3), which fell 2.32% or 0.88 points to trade at 37.01 at the close. Cielo SA (SA:CIEL3) declined 1.71% or 0.15 points to end at 8.60 and Fibria Celulose SA (SA:FIBR3) was down 0.89% or 0.64 points to 71.03.

Rising stocks outnumbered declining ones on the BM&FBovespa Stock Exchange by 257 to 148 and 32 ended unchanged.

Shares in Cia Paranaense de Energia (SA:CPLE6) rose to 52-week highs; gaining 7.44% or 2.21 to 31.91. Shares in Cielo SA (SA:CIEL3) fell to 5-year lows; down 1.71% or 0.15 to 8.60.

The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 4.73% to 37.88.

Gold Futures for February delivery was down 0.75% or 9.20 to $1219.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 0.27% or 0.14 to hit $51.77 a barrel, while the March US coffee C contract rose 2.21% or 2.45 to trade at $113.40 .

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USD/BRL was down 1.68% to 3.8749, while EUR/BRL fell 1.96% to 4.3765.

The US Dollar Index Futures was up 0.32% at 97.292.

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