Sao Paulo's Bovespa index of blue chips closed 3.39 per cent higher at 9,786 points, with light trading volume of 334m reals.
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BRAZILIAN SHARES surged on Monday to close more than 3 per cent higher after the International Monetary Fund posted details of a plan to secure a cash injection to shore up the economy. "There were no surprises [in the IMF accord]," one trader said. "With this low volume it's mostly speculation and positioning."