Investing.com – Brazil stocks were higher after the close on Wednesday, as gains in the Financials, Electric Power and Public Utilities sectors led shares higher.
At the close in Sao Paulo, the Bovespa added 1.85%.
The best performers of the session on the Bovespa were Cosan SA Industria e Comercio (SA:CSAN3), which rose 5.74% or 2.05 points to trade at 37.76 at the close. Meanwhile, Banco Santander Brasil SA (SA:SANB11) added 5.27% or 1.46 points to end at 29.19 and BB Seguridade Participacoes SA (SA:BBSE3) was up 4.01% or 1.08 points to 27.99 in late trade.
The worst performers of the session were Localiza Rent a Car SA (SA:RENT3), which fell 2.24% or 0.76 points to trade at 33.10 at the close. Gerdau SA (SA:GGBR4) declined 1.91% or 0.21 points to end at 10.77 and BR Malls Participacoes SA (SA:BRML3) was down 0.84% or 0.10 points to 11.75.
Rising stocks outnumbered declining ones on the Sao Paulo Stock Exchange by 232 to 123 and 40 ended unchanged.
Shares in Banco Santander Brasil SA (SA:SANB11) rose to all time highs; rising 5.27% or 1.46 to 29.19.
The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 0.62% to 35.18.
Gold for February delivery was up 0.40% or 4.55 to $1143.35 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 0.09% or 0.05 to hit $53.95 a barrel, while the March US coffee C contract fell 1.06% or 1.43 to trade at $133.25 .
USD/BRL was up 0.29% to 3.2807, while EUR/BRL fell 0.17% to 3.4153.
The US Dollar Index was up 0.19% at 103.20.