Brazil stocks higher at close of trade; Bovespa up 0.51%
Brazil stocks were higher after the close on Wednesday, as gains in the Basic Materials, Industrials and Financials sectors led shares higher.At the close in Sao Paulo, the Bovespa added 0.51% to hit a new 1-month high.The best performers of the session on the Bovespa were Gerdau SA Pref (SA:GGBR4), which rose 5.18% or 0.62 points to trade at 12.60 at the close. Meanwhile, Metalurgica Gerdau SA (SA:GOAU4) added 4.91% or 0.26 points to end at 5.55 and Cia Paranaense de Energia (SA:CPLE6) was up 4.63% or 1.33 points to 30.03 in late trade.The worst performers of the session were CCR SA (SA:CCRO3), which fell 3.53% or 0.58 points to trade at 15.85 at the close. BB Seguridade Participacoes SA (SA:BBSE3) declined 2.88% or 0.85 points to end at 28.71 and Natura Cosmeticos SA (SA:NATU3) was down 2.52% or 0.60 points to 23.20.Falling stocks outnumbered advancing ones on the Sao Paulo Stock Exchange by 178 to 170 and 38 ended unchanged.The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 1.37% to 33.16 a new 1-month low.Gold for February delivery was up 0.40% or 4.70 to $1190.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 2.62% or 1.33 to hit $52.15 a barrel, while the March US coffee C contract rose 1.10% or 1.63 to trade at $149.15 .USD/BRL was up 0.05% to 3.1973, while EUR/BRL rose 0.23% to 3.3810.The US Dollar Index was down 0.21% at 101.80.