Brazilian equities finished the session higher on Tuesday, propelled by gains in electric power, public utilities and consumption-related stocks. The Bovespa index closed in Sao Paulo up 1.23%, marking a new all time high for the benchmark.
Among individual movers, Grupo Vamos SA (VAMO3) led the advance, rising 6.84% - an increase of 0.31 points - to finish at 4.84. YDUQS Participacoes SA (YDUQ3) was also a notable winner, gaining 5.93% or 0.78 points to close at 13.93. Sendas Distribuidora SA (ASAI3) rose 5.72% or 0.53 points to end the day at 9.80.
On the downside, Minerva SA/Brazil (BEEF3) registered the steepest fall, sliding 5.50% or 0.31 points to trade at 5.33 at the close. Cvc Brasil ON (CVCB3) declined 2.47% or 0.06 points to finish at 2.37, while Metalurgica Gerdau SA (GOAU4) slipped 2.16% or 0.21 points to 9.53.
Breadth on the B3 Stock Exchange favored advancers: 593 stocks rose versus 335 that fell, and 61 issues ended unchanged.
Volatility metrics and commodity prices showed mixed signals. The CBOE Brazil Etf Volatility, a measure of implied volatility for Bovespa options, inched up 0.06% to 33.00.
In commodities markets, Gold Futures for April delivery moved lower, down 0.76% or 39.71 to $5,185.89 a troy ounce. Crude oil for April delivery posted a small gain, rising 0.02% or 0.01 to $66.32 a barrel. The May US coffee C contract advanced 2.23% or 6.20 to trade at 284.25.
Currency pairs involving the real were firmer for the local unit. USD/BRL fell 0.25% to 5.16, while EUR/BRL dropped 0.37% to 6.08. The US Dollar Index Futures registered a modest increase of 0.14%, trading at 97.78.
This session combined sector-specific strength with selective weakness among exporters and select industrials, producing an overall positive close for Brazil's main equity gauge and renewed all-time highs for the Bovespa.