Brazil's benchmark Bovespa index closed 0.51% higher on Monday, led by gains in basic materials and electric power sectors, as advancing stocks outnumbered decliners by 491 to 459.
The Índice Bovespa advanced to 144,512.30 points at the close in São Paulo, reflecting broader market strength after a mixed session. The CBOE Brazil ETF Volatility Index (VXEWZ) rose 10.09% to 31.00, marking a one-month high and signaling elevated short-term uncertainty.
Among top gainers, education services firm YDUQS Participações SA surged 12.83% to 8.88 reais, while steel producers Usiminas and CSN advanced 8.70% and 7.72%, respectively. The gains in materials reflected optimism around domestic industrial activity.
Decliners included petrochemical group Braskem, which fell 6.71% to 4.74 reais, hitting a five-year low, and meatpacker Marfrig Global Foods, which dropped 5.53% to 18.46 reais. Azzas 2154 SA also declined 3.96% to 14.58 reais, nearing five-year lows.
The Brazilian real weakened 0.19% against the U.S. dollar to 5.15, while the dollar index futures fell 0.20% to 98.93. Gold futures for December delivery rose 0.54% to $4,705.84 per ounce, and coffee futures for December delivery gained 5.94% to $341.80. U.S. crude oil futures for October delivery fell 2.44% to $84.94 per barrel.
