Investing.com – Brazil stocks were higher after the close on Tuesday, as gains in the Basic Materials, Electric Power and Industrials sectors led shares higher.
At the close in Sao Paulo, the Bovespa gained 0.70% to hit a new 1-month high.
The best performers of the session on the Bovespa were Vale SA (SA:VALE3), which rose 7.70% or 2.04 points to trade at 28.54 at the close. Meanwhile, Vale SA Pref (SA:VALE5) added 6.30% or 1.55 points to end at 26.17 and Bradespar SA (SA:BRAP4) was up 5.51% or 0.86 points to 16.48 in late trade.
The worst performers of the session were Cielo SA (SA:CIEL3), which fell 3.35% or 0.92 points to trade at 26.58 at the close. Qualicorp SA (SA:QUAL3) declined 2.49% or 0.49 points to end at 19.22 and Cosan SA Industria e Comercio (SA:CSAN3) was down 2.41% or 0.93 points to 37.58.
Falling stocks outnumbered advancing ones on the Sao Paulo Stock Exchange by 165 to 165 and 35 ended unchanged.
The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 3.19% to 33.68 a new 1-month low.
Gold for February delivery was up 0.12% or 1.45 to $1186.35 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February fell 2.12% or 1.10 to hit $50.86 a barrel, while the March US coffee C contract rose 2.04% or 2.95 to trade at $147.52 .
USD/BRL was down 0.05% to 3.1952, while EUR/BRL fell 0.15% to 3.3741.
The US Dollar Index was up 0.07% at 101.99.