Brazil's benchmark Bovespa index closed 1.55% higher on Tuesday as real estate, consumer and financial shares led advances, while broader market volatility climbed to a one-month peak.
Advancing stocks outnumbered decliners 620 to 339 on the B3 exchange, with 32 issues unchanged. The CBOE Brazil ETF Volatility index rose 2.65% to 31.82, marking its highest level since late July.
Among the top gainers, Magazine Luiza SA surged 9.13% to 4.55 reais, while Sendas Distribuidora SA (Assaí) climbed 7.82% to 8.97 reais. Cury Construtora e Incorporadora SA advanced 7.49% to 32.55 reais.
The day's declines were led by Braskem SA, which fell 13.11% to 4.10 reais, hitting a five-year low. Usinas Siderúrgicas de Minas Gerais Usiminas dropped 2.11% to 7.00 reais, and Petróleo Brasileiro SA Petrobras declined 2.05% to 45.96 reais.
The U.S. dollar retreated 0.11% against the Brazilian real to 5.15, while the euro held steady at 6.01 reais. The U.S. Dollar Index futures rose 0.12% to 98.81.
Commodities showed mixed performance, with gold futures for December delivery up 0.48% at $4,720.14 per troy ounce. Oil futures for October delivery fell 5.12% to $80.66 per barrel, and coffee futures for December delivery declined 1.99% to $334.85 per pound.
