Investing.com – Brazil stocks were higher after the close on Thursday, as gains in the Basic Materials, Real Estate and Industrials sectors led shares higher.
At the close in Sao Paulo, the Bovespa rose 0.78% to hit a new 1-month high.
The best performers of the session on the Bovespa were Gerdau SA Pref (SA:GGBR4), which rose 7.08% or 0.78 points to trade at 11.80 at the close. Meanwhile, Bradespar SA (SA:BRAP4) added 5.01% or 0.74 points to end at 15.52 and Metalurgica Gerdau SA (SA:GOAU4) was up 4.85% or 0.24 points to 5.19 in late trade.
The worst performers of the session were BB Seguridade Participacoes SA (SA:BBSE3), which fell 2.02% or 0.60 points to trade at 29.12 at the close. Telefonica Brasil SA (SA:VIVT4) declined 1.69% or 0.75 points to end at 43.60 and Estacio Participacoes SA (SA:ESTC3) was down 1.60% or 0.26 points to 15.97.
Rising stocks outnumbered declining ones on the Sao Paulo Stock Exchange by 198 to 143 and 33 ended unchanged.
The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 1.82% to 34.03 a new 1-month low.
Gold for February delivery was up 1.35% or 15.70 to $1181.00 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 0.83% or 0.44 to hit $53.70 a barrel, while the March US coffee C contract rose 1.41% or 2.00 to trade at $143.82 .
USD/BRL was down 0.53% to 3.1989, while EUR/BRL rose 0.45% to 3.3886.
The US Dollar Index was down 0.94% at 101.53.