Investing.com – Brazil stocks were higher after the close on Thursday, as gains in the Financials, Real Estate and Electric Power sectors led shares higher.
At the close in Sao Paulo, the Bovespa gained 6.60% to hit a new 6-months high.
The best performers of the session on the Bovespa were Cia Siderurgica Nacional SA (SA:CSNA3), which rose 18.18% or 1.22 points to trade at 7.93 at the close. Meanwhile, Banco do Brasil SA (SA:BBAS3) added 14.37% or 2.60 points to end at 20.69 and Banco Bradesco SA (SA:BBDC4) was up 13.03% or 3.21 points to 27.85 in late trade.
The worst performers of the session were Suzano Papel e Celulose SA (SA:SUZB5), which fell 4.49% or 0.64 points to trade at 13.61 at the close. Fibria Celulose SA (SA:FIBR3) declined 3.94% or 1.39 points to end at 33.90 and Embraer SA (SA:EMBR3) was down 3.16% or 0.74 points to 22.68.
Rising stocks outnumbered declining ones on the Sao Paulo Stock Exchange by 222 to 71 and 21 ended unchanged.
The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was up 3.34% to 54.70 a new 1-month high.
Gold for April delivery was up 2.28% or 28.10 to $1257.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April rose 4.73% or 1.82 to hit $40.28 a barrel, while the May US coffee C contract rose 3.00% or 3.88 to trade at $133.00 .
USD/BRL was down 2.86% to 3.6374, while EUR/BRL fell 2.08% to 4.1156.
The US Dollar Index was down 0.94% at 94.80.