Brazil stocks end higher but down 10 pct in June

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SAO PAULO, June 30 (Reuters) - Brazil's stock market rose on Monday in a quiet session, but closed the month of June with losses of more than 10 percent amid growing inflation and credit concerns while the national currency gained slightly.

The Sao Paulo Stock Exchange's benchmark Bovespa index .BVSP ended trade 1.1 percent higher at 65,017.58 points, but fell 10.4 percent in the month.

Brazil's real currency BRBY weakened 0.06 percent to 1.597 per U.S. dollar as the relative weakness of the greenback made emerging currencies attractive.

"We are speaking of a world (economy) that is growing less and this has been hitting stock markets," said Zeina Latif, chief Brazil economist at Banco Real. "This concern with inflation has generated some risk aversion."

The quiet session mirrored that of the United States where stock markets budged little as energy shares offset weakness in the financial sector. Oil prices earlier set a new record high at $143.67 a barrel before settling at $140.

This helped government-controlled oil giant Petrobras (PETR4.SA: Quote, Profile, Research) to surge 2 percent to 46.21 reais.

In the second quarter's last day of trading, investors attempted to win back some gains, with steelmaker Gerdau providing a lift.

Gerdau (GGBR4.SA: Quote, Profile, Research), Brazil's largest long-steel producer, jumped 3.8 percent to 38.40 reais after Brazilian brokerage Agora said in a report the company should benefit from an expansion in residential housing and public works projects.