Brazil stocks higher at close of trade; Bovespa up 1.00%

Brazil's stock market rallied following the close of trade on Monday, with the Bovespa index climbing 1.00%. Real Estate, Financials, and Consumption sectors drove the upward momentum. MRV Engenharia e Participacoes SA (BVMF:MRVE3) led the pack, surging 6.17% or 0.32 points to trade at 5.51 at the end of the day. Cyrela Brazil Realty SA (BVMF:CYRE3) and Fleury SA (BVMF:FLRY3) also enjoyed solid gains, jumping 5.52% and 4.29% respectively.

However, Embraer SA (BVMF:EMBJ3), Minerva SA/Brazil (BVMF:BEEF3), and Suzano Papel e Celulose SA (BVMF:SUZB3) experienced declines of 1.82%, 1.55%, and 1.50% respectively. Shares in Fleury SA hit a three-year high, rising 4.29% or 0.81 points to 19.59. The CBOE Brazil Etf Volatility, a gauge of implied volatility in Bovespa options, fell 0.12% to 33.42.

Gold Futures for December delivery slipped 0.74% or 33.36 to $4,496.54 per troy ounce. Crude oil for October delivery rose 3.47% or 2.89 to $86.29 a barrel, while December US coffee C contract climbed 0.37% or 1.15 to $314.00. USD/BRL declined 0.14% to 5.19, while EUR/BRL increased 0.12% to 6.02. The US Dollar Index Futures dropped 0.27% at 99.39.