• Brazilian stocks closed higher, with the Bovespa rising 1.99% to a record high, led by gains in basic materials, industrials, and power sectors.
• Top gainers included Suzano, Tim Participaes, and CVC Brasil, while Totvs led declines.
• Advancing stocks outnumbered decliners, and market volatility declined as the Brazil ETF Volatility Index fell.

Investing - Brazil stocks were higher after the close on Wednesday, as gains in the Basic Materials, Industrials and Electric Power sectors led shares higher.
At the close in Sao Paulo, the Bovespa rose 1.99% to hit a new all time high.
The best performers of the session on the Bovespa were Suzano Papel e Celulose SA, which rose 11.97% or 6.12 points to trade at 57.24 at the close. Meanwhile, Tim Participacoes SA added 8.12% or 2.11 points to end at 28.10 and Cvc Brasil ON was up 7.20% or 0.18 points to 2.68 in late trade.
The worst performers of the session were Totvs SA, which fell 2.08% or 0.82 points to trade at 38.52 at the close. Hypera SA declined 1.30% or 0.31 points to end at 23.57 and B3 SA Brasil Bolsa Balcao was down 0.74% or 0.13 points to 17.32.
Rising stocks outnumbered declining ones on the B3 Stock Exchange by 542 to 405 and 62 ended unchanged.
Shares in Tim Participacoes SA rose to all time highs; gaining 8.12% or 2.11 to 28.10.
The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 4.98% to 31.29.
Gold Futures for April delivery was up 1.56% or 78.34 to $5,109.34 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March rose 1.53% or 0.98 to hit $64.94 a barrel, while the March US coffee C contract rose 0.05% or 0.15 to trade at $294.35.
USD/BRL was down 0.13% to 5.19, while EUR/BRL fell 0.28% to 6.16.
The US Dollar Index Futures was up 0.09% at 96.76. (AI)

Sumber : Investing