Brazil stocks higher at close of trade; Bovespa up 0.65%
Brazil's stock market saw an upward trend as trading concluded on Friday, with the Bovespa index gaining 0.65%. The real estate, public utilities, and consumption sectors were the main drivers behind the market's rise. Magazine Luiza SA experienced the most notable increase, surging 9.76% to reach 7.76 per share. Minerva SA and Cosan SA also showed significant gains, increasing by 7.86% and 6.67% respectively.
Conversely, Companhia Siderurgica Nacional (CSNA3) witnessed a substantial drop of 10.87%, dipping to 3.77 per share. Azzas 2154 SA, Natura Cosmeticos SA, and CSNA3 all ended the day in their 5-year lows. The overall performance of the B3 Stock Exchange saw 573 stocks rise, 451 decline, and 76 remain unchanged. The CBOE Brazil ETF Volatility climbed 2.11% to 32.94, while gold futures for December delivery declined by 0.11% to $3,881.20.
Crude oil for December delivery increased by 0.14% to $88.86 per barrel, and the December US coffee contract fell by 0.34% to $279.25. The exchange rate of USD/BRL rose by 0.30% to 5.66, while EUR/BRL remained unchanged at 6.24. The US Dollar Index Futures saw a 0.22% increase, closing at 103.32.
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