Brazil shares lower at close of trade; Bovespa down 1.60%

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

At the close in Sao Paulo, the Bovespa lost 1.60% to hit a new 3-month low.

The biggest gainers of the session on the Bovespa were Centrais Eletricas Brasileiras SA (SA: ELET6 ), which rose 3.08% or 0.54 points to trade at 18.07 at the close. EDP - Energias do Brasil SA (SA: ENBR3 ) added 2.14% or 0.29 points to end at 13.84 and Gol Linhas Aereas Inteligentes SA Pref (SA: GOLL4 ) was up 1.70% or 0.24 points to 14.39 in late trade.

Biggest losers included Usinas Siderurgicas de Minas Gerais (SA: USIM5 ), which lost 6.15% or 0.59 points to trade at 9.01 in late trade. Cia Siderurgica Nacional SA (SA: CSNA3 ) declined 5.00% or 0.43 points to end at 8.17 and CEMIG - Companhia Energetica Minas Gerais Pref (SA: CMIG4 ) shed 4.78% or 0.39 points to 7.77.

Declining stocks outnumbered rising ones by 255 to 134 and 49 ended unchanged on the BM&FBovespa Stock Exchange.

The CBOE Brazil Etf Volatility , which measures the implied volatility of Bovespa options, was down 0.03% to 31.00.

In commodities trading, Gold Futures for June delivery was down 0.31% or 4.00 to $1300.40 a troy ounce. Meanwhile, Crude oil for delivery in July fell 4.43% or 3.13 to hit $67.58 a barrel, while the July US coffee C contract unchanged 0.00% or 0.00 to trade at $120.58 .

USD/BRL was up 0.37% to 3.6612, while EUR/BRL fell 0.14% to 4.2687.

The US Dollar Index Futures was up 0.45% at 94.14.