Brazilian equities closed modestly higher on Tuesday, with the Bovespa index finishing up 0.02% to reach a new record at the end of trading in S o Paulo. The session was led by advances in the Real Estate, Consumption and Industrials sectors, which helped lift the benchmark despite steep losses in a handful of individual stocks.
Top performers
- Braskem SA (BVMF:BRKM5) paced gains after rising 7.12% - an increase of 0.68 points - to close at 10.23.
- MRV Engenharia e Participacoes SA (BVMF:MRVE3) added 4.29% or 0.39 points, finishing the day at 9.49.
- RUMO Logistica Operadora Multimodal SA (BVMF:RAIL3) gained 3.04%, up 0.47 points to 15.94 in late trade.
Largest decliners
- Eneva SA (BVMF:ENEV3) recorded the steepest drop, falling 14.18% or 3.11 points to close at 18.83.
- Raizen SA Preferred (BVMF:RAIZ4) declined 5.95%, down 0.05 points to end at 0.79.
- Minerva SA/Brazil (BVMF:BEEF3) was down 3.76%, losing 0.23 points to finish at 5.89.
Market breadth on the B3 exchange was narrowly positive with 480 stocks rising versus 464 that fell, while 47 issues finished unchanged.
Among notable price milestones, shares of MRV Engenharia e Participacoes SA (BVMF:MRVE3) reached a 52-week high after the 4.29% advance to 9.49. Conversely, Raizen SA Preferred (BVMF:RAIZ4) slipped to an all-time low, closing at 0.79 following the 5.95% decline.
Volatility, commodities and currencies
The CBOE Brazil ETF Volatility index, a gauge of implied volatility for Bovespa options, rose 1.57% to 32.93.
In commodities trading, Gold Futures for April delivery eased 0.56% or 28.66 to $5,050.74 a troy ounce. Crude oil for March delivery fell 0.44% or 0.28 to $64.08 a barrel. The March US coffee C contract moved lower by 1.92% or 5.75 to trade at $294.10.
On the currency front, USD/BRL was effectively unchanged, shifting 0.07% to 5.20, while EUR/BRL declined 0.12% to 6.18. The US Dollar Index Futures slipped 0.01% to 96.68.
The session closed with the headline index at a fresh record but with a mix of sharp single-stock moves and modest overall gains. Options-implied volatility ticked up and key commodity prices moved lower, underscoring the varied forces at play across Brazil's market landscape.