Brazil stocks higher at close of trade; Bovespa up 1.34%
Brazil stocks experienced an upward trend as the market closed for the day on Friday. The Bovespa index climbed by 1.34%. Within the Real Estate, Public Utilities, and Consumption sectors, several companies showcased impressive gains. Cosan SA saw a 10.40% increase, Companhia Siderurgica Nacional enjoyed a 9.14% rise, and C A Modas SA experienced a 9.27% surge. Conversely, Ultrapar Participacoes SA, Vivara Participacoes SA, and Caixa Seguridade Participacoes SA suffered declines of 3.14%, 2.59%, and 2.24% respectively.
In total, 670 stocks on the B3 Stock Exchange rose, while 371 fell, with 48 remaining unchanged. The CBOE Brazil Etf Volatility, a measure of implied volatility of Bovespa options, surged 2.71% to 35.61. Meanwhile, Gold Futures for December delivery slipped 0.98% to $4,073.07 per troy ounce. Crude oil for December delivery saw a modest 0.31% rise to $90.80 a barrel, while the December US coffee C contract climbed 1.08% to $280.15.
USD/BRL appreciated by 0.35% to 5.52, and EUR/BRL decreased by 0.64% to 6.14. Lastly, the US Dollar Index Futures rose 0.76% to 102.19.
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