(Bloomberg) -- Brazilian stocks gained for the second time in three days, led by steelmaker Usinas Siderurgicas de Minas Gerais SA, as stronger-than-expected retail sales bolstered speculation the economy will keep growing.
The Bovespa Index of the most-traded stocks on the Sao Paulo exchange rose 218.87, or 0.4 percent, to 50,729.63 as of 2:21 p.m. New York time. Shares of Usiminas, as Brazil's second- biggest steelmaker is known, added 1.60 real, or 1.6 percent, to 102.60 reais. Shares in Mexico and Argentina also advanced.
Read more at Bloomberg Stocks News
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