Investing.com – Brazil stocks were higher after the close on Wednesday, as gains in the Basic Materials, Real Estate and Industrials sectors led shares higher.
At the close in Sao Paulo, the Bovespa added 1.34%.
The best performers of the session on the Bovespa were Usinas Siderurgicas de Minas Gerais (SA:USIM5), which rose 10.90% or 0.17 points to trade at 1.73 at the close. Meanwhile, Cia Siderurgica Nacional SA (SA:CSNA3) added 10.54% or 0.64 points to end at 6.71 and Vale SA (SA:VALE3) was up 9.94% or 1.34 points to 14.82 in late trade.
The worst performers of the session were Itau Unibanco Holding SA (SA:ITUB4), which fell 2.96% or 0.91 points to trade at 29.84 at the close. Smiles ON (SA:SMLE3) declined 2.96% or 1.09 points to end at 35.70 and Banco Bradesco SA (SA:BBDC3) was down 2.60% or 0.73 points to 27.31.
Rising stocks outnumbered declining ones on the Sao Paulo Stock Exchange by 181 to 101 and 30 ended unchanged.
The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 2.45% to 52.93.
Gold for April delivery was up 2.71% or 33.40 to $1264.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April rose 6.03% or 2.19 to hit $38.53 a barrel, while the May US coffee C contract rose 2.82% or 3.54 to trade at $129.12 .
USD/BRL was down 0.66% to 3.7422, while EUR/BRL rose 0.39% to 4.2013.
The US Dollar Index was down 1.01% at 95.68.