Brazil shares lower at close of trade; Bovespa down 1.98%

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Brazil shares lower at close of trade; Bovespa down 1.98%
Credit: © Reuters.

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

At the close in Sao Paulo, the Bovespa declined 1.98%.

The biggest gainers of the session on the Bovespa were BB Seguridade Participacoes SA (SA: BBSE3 ), which rose 4.06% or 0.99 points to trade at 25.38 at the close. JBS SA (SA: JBSS3 ) added 2.80% or 0.25 points to end at 9.17 and TAESA UNT N2 (SA: TAEE11 ) was up 1.23% or 0.25 points to 20.55 in late trade.

Biggest losers included Kroton Educacional SA (SA: KROT3 ), which lost 7.08% or 0.77 points to trade at 10.10 in late trade. Estacio Participacoes SA (SA: ESTC3 ) declined 6.99% or 1.77 points to end at 23.55 and Marfrig Alimentos SA (SA: MRFG3 ) shed 6.42% or 0.46 points to 6.70.

Declining stocks outnumbered rising ones by 309 to 142 and 33 ended unchanged on the BM&FBovespa Stock Exchange.

The CBOE Brazil Etf Volatility , which measures the implied volatility of Bovespa options, was up 9.08% to 34.71.

In commodities trading, Gold Futures for December delivery was down 1.47% or 17.60 to $1183.10 a troy ounce. Meanwhile, Crude oil for delivery in September fell 3.15% or 2.11 to hit $64.93 a barrel, while the September US coffee C contract fell 2.95% or 3.11 to trade at $102.17 .

USD/BRL was up 0.85% to 3.9009, while EUR/BRL rose 0.90% to 4.4268.

The US Dollar Index Futures was unchanged 0.00% at 96.55.

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