Investing.com – Brazil stocks were higher after the close on Tuesday, as gains in the Basic Materials, Financials and Real Estate sectors led shares higher.
At the close in Sao Paulo, the Bovespa gained 2.35%.
The best performers of the session on the Bovespa were ALL America Latina Logistica SA (SA:RUMO3), which rose 8.10% or 0.32 points to trade at 4.27 at the close. Meanwhile, Localiza Rent a Car SA (SA:RENT3) added 7.22% or 2.22 points to end at 32.95 and Gerdau SA (SA:GGBR4) was up 5.79% or 0.42 points to 7.67 in late trade.
The worst performers of the session were Oi SA (SA:OIBR3), which fell 4.44% or 0.04 points to trade at 0.86 at the close. Cosan SA Industria e Comercio (SA:CSAN3) declined 1.80% or 0.56 points to end at 30.62 and Ultrapar Participacoes SA (SA:UGPA3) was down 1.33% or 0.97 points to 72.13.
Rising stocks outnumbered declining ones on the Sao Paulo Stock Exchange by 196 to 103 and 18 ended unchanged.
The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 6.20% to 40.72 a new 3-months low.
Gold for June delivery was up 0.39% or 4.85 to $1245.05 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June rose 3.99% or 1.70 to hit $44.34 a barrel, while the July US coffee C contract rose 1.55% or 1.92 to trade at $125.72 .
USD/BRL was down 0.85% to 3.5269, while EUR/BRL fell 0.67% to 3.9825.
The US Dollar Index was down 0.23% at 94.52.