Investing.com – Brazil stocks were higher after the close on Wednesday, as gains in the Financials, Public Utilities and Electric Power sectors led shares higher.
At the close in Sao Paulo, the Bovespa rose 2.29% to hit a new 3-month high.
The best performers of the session on the Bovespa were PDG Realty SA (SA:PDGR3), which rose 20.00% or 0.100 points to trade at 0.600 at the close. Meanwhile, Oi SA (SA:OIBR4) added 15.98% or 0.82 points to end at 5.95 and Centrais Eletricas Brasileiras SA (SA:ELET6) was up 7.21% or 0.49 points to 7.29 in late trade.
The worst performers of the session were Gol Linhas Aereas Inteligentes SA (SA:GOLL4), which fell 5.24% or 0.41 points to trade at 7.41 at the close. Vale SA (SA:VALE5) declined 2.85% or 0.44 points to end at 15.01 and Bradespar SA (SA:BRAP4) was down 2.64% or 0.28 points to 10.31.
Rising stocks outnumbered declining ones on the Sao Paulo Stock Exchange by 181 to 81 and 2 ended unchanged.
Shares in Gol Linhas Aereas Inteligentes SA (SA:GOLL4) fell to 52-week lows; down 5.24% or 0.41 to 7.41. Shares in Vale SA (SA:VALE5) fell to 3-year lows; losing 2.85% or 0.44 to 15.01. Shares in Bradespar SA (SA:BRAP4) fell to 3-year lows; falling 2.64% or 0.28 to 10.31.
The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was up 2.63% to 35.92.
Gold for June delivery was up 1.78% or 21.10 to $1204.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May rose 4.38% or 2.08 to hit $49.69 a barrel, while the May US coffee C contract rose 0.77% or 1.02 to trade at $133.72 .
USD/BRL was down 0.89% to 3.1677, while EUR/BRL fell 0.66% to 3.4078.
The US Dollar Index was down 0.17% at 98.53.