Brazil shares higher at close of trade; Bovespa up 0.95%

Investing.com – Brazil equities were higher at the close on Monday, as gains in the Basic Materials, Financials and Industrials sectors propelled shares higher.

At the close in Sao Paulo, the Bovespa rose 0.95% to hit a new all time high.

The biggest gainers of the session on the Bovespa were Petroleo Brasileiro SA (BVMF:PETR3), which rose 8.86% or 3.49 points to trade at 42.88 at the close. Petroleo Brasileiro SA PN (BVMF:PETR4) added 7.24% or 2.67 points to end at 39.56 and Sao Martinho SA (BVMF:SMTO3) was up 3.95% or 1.16 points to 30.51 in late trade.

Biggest losers included Cvc Brasil ON (BVMF:CVCB3), which lost 7.56% or 0.17 points to trade at 2.08 in late trade. RUMO Logistica Operadora Multimodal SA (BVMF:RAIL3) declined 3.09% or 0.73 points to end at 22.88 and Magazine Luiza SA (BVMF:MGLU3) shed 2.57% or 0.35 points to 13.27.

Declining stocks outnumbered rising ones by 508 to 448 and 61 ended unchanged on the B3 Stock Exchange.

The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 17.09% to 26.24.

In commodities trading, Gold Futures for December delivery was up 0.32% or 8.25 to $2,554.55 a troy ounce. Meanwhile, Crude oil for delivery in October rose 3.01% or 2.25 to hit $77.08 a barrel, while the December US coffee C contract rose 2.79% or 6.78 to trade at $249.68 .

USD/BRL was up 0.24% to 5.50, while EUR/BRL fell 1.37% to 6.13.

The US Dollar Index Futures was up 0.16% at 100.77.