Investing.com – Brazil stocks were higher after the close on Friday, as gains in the Basic Materials, Public Utilities and Electric Power sectors led shares higher.
At the close in Sao Paulo, the Bovespa gained 2.37% to hit a new 52-week high.
The best performers of the session on the Bovespa were Cia Siderurgica Nacional SA (SA:CSNA3), which rose 10.23% or 0.90 points to trade at 9.70 at the close. Meanwhile, Usinas Siderurgicas de Minas Gerais (SA:USIM5) added 10.17% or 0.35 points to end at 3.79 and Metalurgica Gerdau SA (SA:GOAU4) was up 8.03% or 0.290 points to 3.900 in late trade.
The worst performers of the session were Fibria Celulose SA (SA:FIBR3), which fell 1.53% or 0.35 points to trade at 22.53 at the close. Klabin Unt (SA:KLBN11) declined 1.45% or 0.25 points to end at 17.00 and Suzano Papel e Celulose SA (SA:SUZB5) was down 1.01% or 0.11 points to 10.80.
Rising stocks outnumbered declining ones on the Sao Paulo Stock Exchange by 240 to 92 and 31 ended unchanged.
The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 6.51% to 30.58 a new 52-week low.
Gold for December delivery was up 0.86% or 11.35 to $1328.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October rose 2.71% or 1.17 to hit $44.33 a barrel, while the December US coffee C contract rose 0.15% or 0.23 to trade at $151.35 .
USD/BRL was down 0.13% to 3.2533, while EUR/BRL fell 0.48% to 3.6299.
The US Dollar Index was up 0.21% at 95.86.