BRASÍLIA: Brazil stocks were higher after the close on Tuesday, as gains in the Basic Materials, Financials and Industrials sectors led shares higher. At the close in Sao Paulo, the Bovespa rose 0.85%. The best performers of the session on the Bovespa were Bradespar SA (SA:BRAP4), which rose 4.67% or 0.99 points to trade at 22.19 at the close. Meanwhile, Vale SA (SA:VALE3) added 3.86% or 1.14 points to end at 30.65 and Cia Siderurgica Nacional SA (SA:CSNA3) was up 3.57% or 0.32 points to 9.29 in late trade.
The worst performers of the session were CEMIG – Companhia Energetica Minas Gerais Pref (SA:CMIG4), which fell 3.12% or 0.32 points to trade at 9.93 at the close. Telefonica Brasil SA (SA:VIVT4) declined 1.93% or 0.90 points to end at 45.79 and Cosan SA Industria e Comercio (SA:CSAN3) was down 1.75% or 0.68 points to 38.22.Rising stocks outnumbered declining ones on the Sao Paulo Stock Exchange by 195 to 157 and 37 ended unchanged. The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 2.97% to 29.69 a new 1-month low. Gold Futures for June delivery was up 0.35% or 4.35 to $1258.35 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May rose 1.67% or 0.84 to hit $51.08 a barrel, while the May US coffee C contract rose 0.11% or 0.15 to trade at $137.77 . USD/BRL was down 0.56% to 3.0969, while EUR/BRL fell 0.56% to 3.3044. The US Dollar Index Futures was up 0.07% at 100.43.