Brazil Stocks Higher at Close of Trade; Bovespa Up 0.94%

• Brazil's Bovespa climbed 0.94%, driven by Basic Materials, Real Estate, and Industrials.
• CSN, Usiminas (hitting a 52-week high), and CSN Mineracao led advances; Grupo Vamos, C&A Modas, and CBD were weakest.
• Market breadth was strong (621 gainers vs 282 decliners), while volatility eased to 33.58.

Investing - Brazil stocks were higher after the close on Wednesday, as gains in the Basic Materials, Real Estate and Industrials sectors led shares higher.
At the close in Sao Paulo, the Bovespa added 0.94%.
The best performers of the session on the Bovespa were Companhia Siderurgica Nacional, which rose 9.06% or 0.82 points to trade at 9.87 at the close. Meanwhile, Usinas Siderurgicas de Minas Gerais SA USIMINAS Pref added 5.75% or 0.34 points to end at 6.25 and CSN Mineracao SA was up 3.45% or 0.19 points to 5.69 in late trade.
The worst performers of the session were Grupo Vamos SA, which fell 2.92% or 0.11 points to trade at 3.66 at the close. C A Modas SA declined 2.06% or 0.29 points to end at 13.78 and Companhia Brasileira De Distribuica was down 1.25% or 0.05 points to 3.94.
Rising stocks outnumbered declining ones on the B3 Stock Exchange by 621 to 282 and 58 ended unchanged.
Shares in Usinas Siderurgicas de Minas Gerais SA USIMINAS Pref rose to 52-week highs; up 5.75% or 0.34 to 6.25.
The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 1.12% to 33.58.
Gold Futures for February delivery was up 0.62% or 26.25 to $4,262.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 1.29% or 0.75 to hit $59.00 a barrel, while the March US coffee C contract rose 0.79% or 2.90 to trade at $371.65.
USD/BRL was up 0.67% to 5.47, while EUR/BRL rose 1.22% to 6.39.
The US Dollar Index Futures was down 0.94% at 98.27. (AI)

Sumber : Investing