Ibovespa Futures Rise as Advance in Metals Buoys Export Outlook

Ibovespa futures climbed as the price of metals increased, improving the outlook for Brazil’s exporters of raw materials.

Homebuilder Gafisa SA may be active as it extended through November 2015 a share buyback program. BM&FBovespa SA, the operator of the Brazilian exchange, may move after saying stock trading fell last month almost 50 percent to 130.2 billion reais ($50.7 billion) from October.

Ibovespa futures contracts due this month advanced 0.3 percent to 52,580 at 9:20 a.m. in Sao Paulo. The Bloomberg Base Metals 3-Month Price Commodity Index added 0.8 percent. Commodity producers account for about one-third of the Ibovespa’s weighting. The stock index has fallen 15 percent from this year’s high in September.

Trading volume of equities in Sao Paulo was 4.9 billion reais yesterday, according to the exchange. That compares with a daily average of 7.2 billion reais this year.

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