Investing.com – Brazil stocks were higher after the close on Wednesday, as gains in the Financials, Industrials and Public Utilities sectors led shares higher.
At the close in Sao Paulo, the Bovespa rose 1.89% to hit a new 3-years high.
The best performers of the session on the Bovespa were CEMIG - Companhia Energetica Minas Gerais Pref (SA:CMIG4), which rose 6.93% or 0.65 points to trade at 10.03 at the close. Meanwhile, Banco Santander Brasil SA Unit (SA:SANB11) added 4.23% or 1.45 points to end at 35.70 and Itau Unibanco Banco Holding SA (SA:ITUB4) was up 4.20% or 1.68 points to 41.68 in late trade.
The worst performers of the session were Lojas Americanas SA (SA:LAME4), which fell 3.57% or 0.60 points to trade at 16.20 at the close. Braskem SA (SA:BRKM5) declined 3.16% or 1.07 points to end at 32.82 and Vale SA (SA:VALE3) was down 1.69% or 0.58 points to 33.82.
Rising stocks outnumbered declining ones on the Sao Paulo Stock Exchange by 245 to 114 and 35 ended unchanged.
Shares in CEMIG - Companhia Energetica Minas Gerais Pref (SA:CMIG4) rose to 52-week highs; gaining 6.93% or 0.65 to 10.03. Shares in Banco Santander Brasil SA Unit (SA:SANB11) rose to all time highs; up 4.23% or 1.45 to 35.70. Shares in Itau Unibanco Banco Holding SA (SA:ITUB4) rose to all time highs; gaining 4.20% or 1.68 to 41.68.
The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was up 2.91% to 27.26.
Gold Futures for April delivery was up 0.61% or 7.45 to $1232.85 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March fell 0.23% or 0.12 to hit $53.08 a barrel, while the May US coffee C contract rose 0.55% or 0.80 to trade at $146.73 .
USD/BRL was down 0.90% to 3.0571, while EUR/BRL fell 0.71% to 3.2399.
The US Dollar Index Futures was down 0.08% at 101.12.