Investing.com – Brazil stocks were higher after the close on Monday, as gains in the Basic Materials, Public Utilities and Electric Power sectors led shares higher.
At the close in Sao Paulo, the Bovespa added 1.28% to hit a new 3-years high.
The best performers of the session on the Bovespa were Vale SA (SA:VALE3), which rose 9.18% or 3.01 points to trade at 35.81 at the close. Meanwhile, Bradespar SA (SA:BRAP4) added 7.66% or 1.67 points to end at 23.47 and Vale SA Pref (SA:VALE5) was up 6.79% or 2.12 points to 33.35 in late trade.
The worst performers of the session were MRV Engenharia e Participacoes SA (SA:MRVE3), which fell 2.00% or 0.28 points to trade at 13.72 at the close. Cyrela Brazil Realty SA (SA:CYRE3) declined 1.98% or 0.28 points to end at 13.86 and BR Malls Participacoes SA (SA:BRML3) was down 1.44% or 0.22 points to 15.10.
Rising stocks outnumbered declining ones on the Sao Paulo Stock Exchange by 267 to 128 and 31 ended unchanged.
Shares in Vale SA (SA:VALE3) rose to 3-years highs; rising 9.18% or 3.01 to 35.81. Shares in Bradespar SA (SA:BRAP4) rose to 3-years highs; up 7.66% or 1.67 to 23.47. Shares in Vale SA Pref (SA:VALE5) rose to 3-years highs; up 6.79% or 2.12 to 33.35.
The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 1.37% to 26.01 a new 52-week low.
Gold Futures for April delivery was down 0.68% or 8.45 to $1227.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March fell 1.84% or 0.99 to hit $52.87 a barrel, while the May US coffee C contract fell 0.88% or 1.30 to trade at $146.85 .
USD/BRL was down 0.14% to 3.1115, while EUR/BRL fell 0.50% to 3.2982.
The US Dollar Index Futures was up 0.23% at 100.95.