Brazil's primary equity gauge ended Thursday's trading session in positive territory as buying interest concentrated in Public Utilities, Real Estate and Electric Power names lifted the broader market.
At the close in Sao Paulo the Bovespa was up 0.87%.
The session's strongest performers included Sendas Distribuidora SA (BVMF:ASAI3), which advanced 4.11% - gaining 0.34 points to finish at 8.63. RUMO Logistica Operadora Multimodal SA (BVMF:RAIL3) added 3.62%, or 0.47 points, to close at 13.46, while MRV Engenharia e Participacoes SA (BVMF:MRVE3) rose 3.39%, an increase of 0.17 points, to end the day at 5.18.
On the downside, Braskem SA (BVMF:BRKM5) registered the steepest fall, sliding 10.50% - a drop of 0.80 points - to close at 6.88. Companhia Siderurgica Nacional (BVMF:CSNA3) declined 4.74%, or 0.24 points, to 4.84, a move that took the stock to a five-year low. Usinas Siderurgicas de Minas Gerais SA USIMINAS Pref (BVMF:USIM5) slipped 2.07%, down 0.18 points, to finish at 8.55.
Market breadth on the B3 exchange showed more winners than losers, with 505 advancing issues versus 418 decliners; 51 stocks finished unchanged.
Volatility also increased: the CBOE Brazil Etf Volatility index, which measures implied volatility of Bovespa options, rose 4.97% to 31.02.
Commodities traded mixed during the session. Gold futures for August delivery climbed 0.92%, or $36.80, settling at $4,045.60 per troy ounce. Crude oil for August delivery advanced 2.06%, up $1.45, to $71.79 a barrel. By contrast, the September US coffee C contract weakened 0.16%, or $0.45, to trade at $276.75.
In currency and macro-related instruments, the USD/BRL exchange rate moved lower by 0.36% to 5.18, while the EUR/BRL pair fell 0.24% to 5.91. The US Dollar Index Futures was down 0.19% at 101.20.
Summary of key market moves:
- Bovespa: +0.87% at close in Sao Paulo.
- Top gainers: ASAI3 +4.11% to 8.63; RAIL3 +3.62% to 13.46; MRVE3 +3.39% to 5.18.
- Top losers: BRKM5 -10.50% to 6.88; CSNA3 -4.74% to 4.84 (five-year low); USIM5 -2.07% to 8.55.
- Market breadth: 505 advancers, 418 decliners, 51 unchanged.
- Volatility: CBOE Brazil Etf Volatility +4.97% to 31.02.
- Selected commodities and FX: Gold (Aug) +0.92% to $4,045.60/oz; Brent/US crude (Aug) +2.06% to $71.79/bbl; Coffee (Sep) -0.16% to $276.75; USD/BRL -0.36% to 5.18; EUR/BRL -0.24% to 5.91; US Dollar Index Futures -0.19% at 101.20.
The trading day combined sectoral strength in utilities, real estate and power names with pronounced moves among several individual stocks and elevated option-implied volatility. The session's commodity price movements were mixed, with precious metals and crude oil higher while coffee futures eased. Currency markets showed modest depreciation of the US dollar against the real and euro crosses reported small declines for the real.