Brazil shares lower at close of trade; Bovespa down 1.24%

Investing.com – Brazil equities were lower at the close on Friday, as losses in the Basic Materials , Industrials and Public Utilities sectors propelled shares lower.

At the close in Sao Paulo, the Bovespa declined 1.24% to hit a new 3-month low.

The biggest gainers of the session on the Bovespa were Smiles Fidelidade SA (SA: SMLS3 ), which rose 7.25% or 3.33 points to trade at 49.28 at the close. Kroton Educacional SA (SA: KROT3 ) added 6.72% or 0.68 points to end at 10.80 and RUMO Logistica Operadora Multimodal SA (SA: RAIL3 ) was up 6.56% or 0.84 points to 13.64 in late trade.

Biggest losers included Suzano Papel e Celulose SA (SA: SUZB3 ), which lost 10.03% or 4.96 points to trade at 44.49 in late trade. BRF SA (SA: BRFS3 ) declined 7.49% or 1.74 points to end at 21.50 and Bradespar SA (SA: BRAP4 ) shed 6.78% or 2.21 points to 30.38.

Declining stocks outnumbered rising ones by 257 to 177 and 34 ended unchanged on the BM&FBovespa Stock Exchange.

The CBOE Brazil Etf Volatility , which measures the implied volatility of Bovespa options, was down 9.84% to 35.11.

In commodities trading, Gold Futures for August delivery was unchanged 0.00% or 0.00 to $1303.00 a troy ounce. Meanwhile, Crude oil for delivery in July fell 0.50% or 0.33 to hit $65.62 a barrel, while the July US coffee C contract rose 1.08% or 1.25 to trade at $117.33 .

USD/BRL was down 5.24% to 3.7029, while EUR/BRL fell 5.47% to 4.3582.

The US Dollar Index Futures was up 0.12% at 93.54.