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Brazil stocks higher at close of trade; Bovespa up 0.28%

Published 01/16/2017, 03:30 PM
Updated 01/16/2017, 05:30 PM
Brazil stocks higher at close of trade; Bovespa up 0.28%

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

At the close in Sao Paulo, the Bovespa added 0.28%.

The best performers of the session on the Bovespa were Usinas Siderurgicas de Minas Gerais (SA:USIM5), which rose 5.05% or 0.23 points to trade at 4.78 at the close. Meanwhile, Bradespar SA (SA:BRAP4) added 3.76% or 0.71 points to end at 19.60 and Vale SA Pref (SA:VALE5) was up 3.27% or 0.92 points to 29.06 in late trade.

The worst performers of the session were JBS SA (SA:JBSS3), which fell 2.80% or 0.33 points to trade at 11.46 at the close. Centrais Eletricas Brasileiras SA (SA:ELET3) declined 2.16% or 0.50 points to end at 22.69 and Natura Cosmeticos SA (SA:NATU3) was down 1.81% or 0.44 points to 23.91.

Rising stocks outnumbered declining ones on the Sao Paulo Stock Exchange by 200 to 140 and 25 ended unchanged.

Shares in Usinas Siderurgicas de Minas Gerais (SA:USIM5) rose to 52-week highs; rising 5.05% or 0.23 to 4.78. Shares in Bradespar SA (SA:BRAP4) rose to 52-week highs; gaining 3.76% or 0.71 to 19.60. Shares in Vale SA Pref (SA:VALE5) rose to 3-years highs; gaining 3.27% or 0.92 to 29.06.

The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 1.86% to 32.13 a new 1-month low.

Gold for February delivery was up 0.53% or 6.30 to $1202.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 0.52% or 0.27 to hit $52.64 a barrel, while the March US coffee C contract fell 0.47% or 0.70 to trade at $149.03 .

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USD/BRL was up 0.02% to 3.2419, while EUR/BRL rose 0.02% to 3.4373.

The US Dollar Index was up 0.36% at 101.53.

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