Brazil’s Bovespa index advanced 0.30% at the close of trade on Friday, as gains in financials and electric power and public utilities offset declines in real estate and retail shares.
On the B3 exchange in São Paulo, advancing stocks outnumbered decliners by 547 to 373, with 49 issues unchanged. The CBOE Brazil ETF Volatility Index, which tracks implied volatility for Bovespa options, rose 0.21% to 33.46.
The U.S. dollar strengthened 0.54% against a basket of currencies, with the Dollar Index futures at 99.63, while the Brazilian real weakened 0.67% to 5.20 per dollar. The euro held steady against the real, trading at 6.02.
Among the top gainers, petrochemical producer Braskem led with a 3.08% rise to 4.29 reais. State-owned oil company Petróleo Brasileiro’s common and preferred shares both added nearly 2%, closing at 48.25 and 43.55 reais, respectively.
The day’s biggest decliners included homebuilder MRV Engenharia, which fell 5.12% to 5.18 reais, followed by retailer Magazine Luiza with a 4.55% drop to 4.64 reais and real estate firm Cyrela Brazil Realty down 3.28% to 23.02 reais.
Commodities showed mixed performance. December gold futures dropped 3.38% to $4,506.34 per troy ounce, while October crude oil futures slipped 0.11% to $83.44 per barrel. December U.S. coffee contracts rose 0.95% to $312.60 per contract.
