Brazil Stock Market Update

Investing.com – Brazil stocks were higher after the close on Wednesday, with gains in the Electric Power, Public Utilities, and Industrials sectors leading shares upward.

At the close in Sao Paulo, the Bovespa rose 1.57%.

Best Performers

• Companhia Brasileira De Distribuica (BVMF:PCAR3): +9.12% (0.27 points) to 3.23
• Marfrig Alimentos SA (BVMF:MRFG3): +7.46% (1.02 points) to 14.69
• Embraer SA (BVMF:EMBR3): +5.79% (2.69 points) to 49.11

Worst Performers

• IRB Brasil Resseguros SA (BVMF:IRBR3): -6.27% (3.26 points) to 48.70
• 3R Petroleum Oleo E Gas Sa (BVMF:RRRP3): -3.22% (0.82 points) to 24.65
• Caixa Seguridade Participacoes SA (BVMF:CXSE3): -2.69% (0.44 points) to 15.94

Rising stocks outnumbered declining ones on the B3 Stock Exchange by 555 to 381, with 69 ending unchanged.

Shares in 3R Petroleum Oleo E Gas Sa (BVMF:RRRP3) fell to a 3-year low; down 3.22% (0.82) to 24.65. In contrast, Embraer SA (BVMF:EMBR3) rose to all-time highs, gaining 5.79% (2.69) to 49.11.

The CBOE Brazil ETF Volatility, which measures the implied volatility of Bovespa options, was up 3.93% to 27.49.

Commodity Markets

• Gold Futures (December delivery): +0.11% (2.65) to $2,525.65 per troy ounce.
• Crude Oil (October delivery): -1.95% (1.37) to $68.97 per barrel.
• US Coffee (December contract): +0.05% (0.12) to $242.92.

Currency Exchange Rates:
– USD/BRL: -0.12% to 5.64
– EUR/BRL: unchanged at 6.24
– US Dollar Index Futures: -0.51% at 101.25.