Brazil’s benchmark Bovespa index closed 0.51% higher on Monday, driven by gains in basic materials, electric power and public utilities sectors.
Advancing stocks outnumbered falling ones by 491 to 459 on the B3 exchange, with 48 issues unchanged. The CBOE Brazil ETF Volatility Index, which tracks implied volatility for Bovespa options, rose 10.09% to 31.00, marking a one-month high.
Shares in education group YDUQS Participacoes SA surged 12.83% to 8.88 reais, while steelmaker Usinas Siderurgicas de Minas Gerais SA USIMINAS Pref added 8.70% to 7.12 reais. Companhia Siderurgica Nacional rose 7.72% to 5.16 reais.
On the downside, petrochemicals producer Braskem SA fell 6.71% to 4.74 reais, meatpacker Marfrig Global Foods declined 5.53% to 18.46 reais, and logistics firm Azzas 2154 SA shed 3.96% to 14.58 reais.
Commodities showed mixed performance, with gold futures for December delivery up 0.54% to $4,705.91 per troy ounce. October crude oil futures fell 2.44% to $84.94 per barrel. December US coffee contracts rose 5.94% to $341.80.
The US dollar strengthened 0.19% against the Brazilian real to 5.15, while the US Dollar Index futures gained 0.20% to 98.93. The euro held steady against the real at 6.01.
