Brazil stocks higher at close of trade; Bovespa up 1.01%

Category: Stock Market

Brazil stocks were higher after the close on Friday, as gains in the Basic Materials, Real Estate and Financials sectors led shares higher.At the close in Sao Paulo, the Bovespa rose 1.01%.The best performers of the session on the Bovespa were Gerdau SA (SA:GGBR4), which rose 7.36% or 0.48 points to trade at 7.00 at the close. Meanwhile, Bradespar SA (SA:BRAP4) added 6.05% or 0.37 points to end at 6.49 and Natura Cosmeticos SA (SA:NATU3) was up 6.03% or 1.60 points to 28.14 in late trade.The worst performers of the session were Cia Energetica de Minas Gerais (SA:CMIG4), which fell 1.98% or 0.16 points to trade at 7.93 at the close. Suzano Papel e Celulose SA (SA:SUZB5) declined 1.90% or 0.24 points to end at 12.42 and JBS SA (SA:JBSS3) was down 1.83% or 0.20 points to 10.75.Rising stocks outnumbered declining ones on the Sao Paulo Stock Exchange by 183 to 131 and 21 ended unchanged.The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 1.07% to 50.94.Gold for June delivery was down 0.91% or 11.30 to $1224.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May fell 4.17% or 1.60 to hit $36.74 a barrel, while the May US coffee C contract fell 0.60% or 0.77 to trade at $126.65 .USD/BRL was down 1.01% to 3.5566, while EUR/BRL fell 0.90% to 4.0525.The US Dollar Index was down 0.06% at 94.59.