Brazilian Stock Market Overview

Investing.com – Brazil stocks were higher after the close on Wednesday, driven by gains in the Financials, Electric Power, and Public Utilities sectors.

At the close in Sao Paulo, the Bovespa rose 0.44%, reaching a new all-time high.

Top Performers

• Itau Unibanco Banco Holding SA (BVMF:ITUB4): +2.41% or +0.88 points; closed at 37.46.
• Petroleo Brasileiro SA (BVMF:PETR3): +2.34% or +0.99 points; closed at 43.32.
• Energy of Minas Gerais Co Preferred (BVMF:CMIG4): +2.30% or +0.26 points; closed at 11.55.

Worst Performers

• Sao Martinho SA (BVMF:SMTO3): -4.53% or -1.33 points; closed at 28.01.
• Companhia Siderurgica Nacional (BVMF:CSNA3): -3.42% or -0.42 points; closed at 11.87.
• Usinas Siderurgicas de Minas Gerais SA USIMINAS Pref (BVMF:USIM5): -3.41% or -0.22 points; closed at 6.24.

Falling stocks outnumbered advancing ones on the B3 Stock Exchange by 471 to 454, with 58 ending unchanged.

Key Highlights

• Shares in Itau Unibanco Banco Holding SA hit all-time highs.
• Shares in Petroleo Brasileiro SA reached 5-year highs.

The CBOE Brazil ETF Volatility, measuring the implied volatility of Bovespa options, decreased by 2.44% to 25.55.

Commodities Update

• Gold Futures (December delivery): -0.45% or -11.40, trading at $2,541.50 per troy ounce.
• Crude Oil (October delivery): -1.24% or -0.94, at $74.59 per barrel.
• US Coffee C Contract (December): +0.67% or +1.70, trading at $256.95.

Exchange rates:
– USD/BRL: +0.92% to 5.56.
– EUR/BRL: +0.34% to 6.17.
– US Dollar Index Futures: +0.53% at 100.99.