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Around the World's Markets: Sao Paulo

Saturday 20 February 1999 00:02 GMT
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SHARES closed higher in thin trading, lifted by a weaker real and Wall Street's gains. The Bovespa index closed 153 points, or 1.72 per cent, higher at 9,013 points, off a day's low of 8,760.

The commercial real eased to 1.92 to 1.93 to the dollar, from 1.89 to 1.90 early on. A trader at Walpires brokerage said: "The main influence was the foreign exchange market." But traders said a lack of local news and low turnover meant equities were underpinned by Wall Street.

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