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Brazil stocks higher at close of trade; Bovespa up 2.94%

Published 11/16/2018, 03:25 PM
Updated 11/16/2018, 03:25 PM
© Reuters.  Brazil stocks higher at close of trade; Bovespa up 2.94%

© Reuters. Brazil stocks higher at close of trade; Bovespa up 2.94%

Investing.com – Brazil stocks were higher after the close on Friday, as gains in the Financials, Real Estate and Basic Materials sectors led shares higher.

At the close in Sao Paulo, the Bovespa added 2.94%.

The best performers of the session on the Bovespa were Centrais Eletricas Brasileiras SA (SA:ELET3), which rose 8.65% or 1.99 points to trade at 25.00 at the close. Meanwhile, Braskem SA (SA:BRKM5) added 7.46% or 3.71 points to end at 53.41 and Gerdau SA Pref (SA:GGBR4) was up 7.26% or 1.10 points to 16.25 in late trade.

The worst performers of the session were JBS SA (SA:JBSS3), which fell 1.58% or 0.18 points to trade at 11.22 at the close. Suzano Papel e Celulose SA (SA:SUZB3) declined 1.40% or 0.55 points to end at 38.60 and Cielo SA (SA:CIEL3) was down 0.81% or 0.08 points to 9.75.

Rising stocks outnumbered declining ones on the BM&FBovespa Stock Exchange by 295 to 111 and 35 ended unchanged.

Shares in Centrais Eletricas Brasileiras SA (SA:ELET3) rose to 52-week highs; up 8.65% or 1.99 to 25.00. Shares in Cielo SA (SA:CIEL3) fell to 5-year lows; down 0.81% or 0.08 to 9.75.

The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 5.20% to 36.44 a new 3-months low.

Gold Futures for December delivery was up 1.94% or 23.30 to $1222.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December rose 0.55% or 0.31 to hit $56.77 a barrel, while the December US coffee C contract rose 2.48% or 2.73 to trade at $112.78 .

USD/BRL was down 1.06% to 3.7439, while EUR/BRL fell 0.36% to 4.2722.

The US Dollar Index Futures was down 0.49% at 96.32.

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