Brazil Stocks Higher at Close of Trade; Bovespa Up 0.78%

• Bovespa rose 0.78%, supported by gains in Basic Materials, Industrials, and Public Utilities sectors.
• Usiminas and CSN surged over 6%, while Braskem climbed nearly 4%.
• Marfrig fell 4.16%, and volatility index jumped 12.08% to a 1-month high.

Investing - Brazil stocks were higher after the close on Monday, as gains in the Basic Materials, Industrials and Public Utilities sectors led shares higher.
At the close in Sao Paulo, the Bovespa added 0.78%.
The best performers of the session on the Bovespa were Usinas Siderurgicas de Minas Gerais SA USIMINAS Pref, which rose 6.35% or 0.27 points to trade at 4.52 at the close. Meanwhile, Companhia Siderurgica Nacional added 6.32% or 0.50 points to end at 8.41 and Braskem SA was up 3.99% or 0.25 points to 6.52 in late trade.
The worst performers of the session were Marfrig Global Foods, which fell 4.16% or 0.69 points to trade at 15.89 at the close. Companhia Brasileira De Distribuica declined 3.03% or 0.12 points to end at 3.84 and Magazine Luiza SA was down 2.38% or 0.21 points to 8.60.
Rising stocks outnumbered declining ones on the B3 Stock Exchange by 522 to 430 and 59 ended unchanged.
The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was up 12.08% to 28.85 a new 1-month high.
Gold Futures for December delivery was up 3.23% or 129.22 to $4,129.62 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 1.21% or 0.71 to hit $59.61 a barrel, while the December US coffee C contract rose 2.80% or 10.45 to trade at $383.50.
USD/BRL was down 1.09% to 5.46, while EUR/BRL fell 1.49% to 6.32.
The US Dollar Index Futures was up 0.30% at 99.03. (AI)

Sumber : Investing