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Brazil stocks higher at close of trade; Bovespa up 0.57%

Published 01/31/2017, 03:30 PM
Updated 01/31/2017, 03:30 PM
© Reuters.  Brazil stocks higher at close of trade; Bovespa up 0.57%

© Reuters. Brazil stocks higher at close of trade; Bovespa up 0.57%

Investing.com – Brazil stocks were higher after the close on Tuesday, as gains in the Real Estate, Electric Power and Public Utilities sectors led shares higher.

At the close in Sao Paulo, the Bovespa rose 0.57%.

The best performers of the session on the Bovespa were BR Malls Participacoes SA (SA:BRML3), which rose 7.71% or 1.05 points to trade at 14.67 at the close. Meanwhile, CEMIG - Companhia Energetica Minas Gerais Pref (SA:CMIG4) added 6.90% or 0.59 points to end at 9.14 and Usinas Siderurgicas de Minas Gerais (SA:USIM5) was up 4.37% or 0.22 points to 5.25 in late trade.

The worst performers of the session were Fibria Celulose SA (SA:FIBR3), which fell 7.06% or 2.23 points to trade at 29.37 at the close. Suzano Papel e Celulose SA (SA:SUZB5) declined 3.74% or 0.52 points to end at 13.40 and Estacio Participacoes SA (SA:ESTC3) was down 3.05% or 0.50 points to 15.90.

Rising stocks outnumbered declining ones on the Sao Paulo Stock Exchange by 239 to 134 and 40 ended unchanged.

Shares in BR Malls Participacoes SA (SA:BRML3) rose to 52-week highs; gaining 7.71% or 1.05 to 14.67. Shares in Usinas Siderurgicas de Minas Gerais (SA:USIM5) rose to 52-week highs; up 4.37% or 0.22 to 5.25.

The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 0.03% to 31.44.

Gold Futures for April delivery was up 1.42% or 17.00 to $1213.00 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March rose 0.34% or 0.18 to hit $52.81 a barrel, while the March US coffee C contract fell 0.88% or 1.33 to trade at $149.55 .

USD/BRL was up 0.69% to 3.1494, while EUR/BRL rose 1.67% to 3.4003.

The US Dollar Index Futures was down 0.82% at 99.60.

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