Brazil shares lower at close of trade; Bovespa down 0.87%

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Brazil shares lower at close of trade; Bovespa down 0.87%
Credit: © Reuters. – Brazil equities were lower at the close on Monday, as losses in the Real Estate , Financials and Public Utilities sectors propelled shares lower.

At the close in Sao Paulo, the Bovespa declined 0.87%.

The biggest gainers of the session on the Bovespa were Vale SA (SA: VALE3 ), which rose 1.87% or 0.79 points to trade at 43.00 at the close. Cia Siderurgica Nacional SA (SA: CSNA3 ) added 1.59% or 0.14 points to end at 8.94 and Bradespar SA (SA: BRAP4 ) was up 1.59% or 0.50 points to 31.99 in late trade.

Biggest losers included Banco Bradesco SA (SA: BBDC3 ), which lost 11.36% or 4.37 points to trade at 34.10 in late trade. Banco Bradesco SA Pref (SA: BBDC4 ) declined 9.92% or 3.92 points to end at 35.58 and EcoRodovias SA (SA: ECOR3 ) shed 5.14% or 0.45 points to 8.30.

Declining stocks outnumbered rising ones by 330 to 95 and 22 ended unchanged on the BM&FBovespa Stock Exchange.

The CBOE Brazil Etf Volatility , which measures the implied volatility of Bovespa options, was up 8.78% to 32.94 a new 1-month high.

In commodities trading, Gold Futures for June delivery was up 1.40% or 18.60 to $1345.90 a troy ounce. Meanwhile, Crude oil for delivery in May fell 2.80% or 1.82 to hit $63.12 a barrel, while the May US coffee C contract fell 1.47% or 1.74 to trade at $116.38 .

USD/BRL was up 0.30% to 3.3151, while EUR/BRL unchanged 0.00% to 4.0921.

The US Dollar Index Futures was down 0.06% at 89.70.

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