Brazil’s Bovespa index closed 0.30% higher on Friday, with gains concentrated in Financials, Electric Power and Public Utilities sectors.
Advancing issues outnumbered decliners by a margin of 547 to 373, while 49 stocks ended unchanged. The CBOE Brazil ETF Volatility Index, measuring implied volatility for Bovespa options, rose 0.21% to 33.46.
Braskem SA led the advance, rising 3.08% to 4.29 reais. Petroleo Brasileiro SA’s common and preferred shares both gained nearly 2%, closing at 48.25 and 43.55 reais respectively. The gains in Petrobras shares followed strength in global oil benchmarks earlier in the session.
MRV Engenharia e Participacoes SA was among the worst performers, falling 5.12% to 5.18 reais. Magazine Luiza SA declined 4.55% to 4.64 reais, while Cyrela Brazil Realty SA dropped 3.28% to 23.02 reais.
Commodities and the Brazilian real also moved. December gold futures fell 3.36% to $4,507.46 per troy ounce, while October crude oil slipped 0.11% to $83.44 per barrel. US coffee futures rose 0.95% to $312.60 per contract. The USD/BRL exchange rate strengthened 0.67% to 5.20, while the EUR/BRL rate was little changed at 6.02. The US Dollar Index futures rose 0.53% to 99.62.
