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Brazil shares lower at close of trade; Bovespa down 2.25%

Published 24-05-2018, 01:55 am
© Reuters.  Brazil shares lower at close of trade; Bovespa down 2.25%

Investing.com – Brazil equities were lower at the close on Wednesday, as losses in the Financials, Public Utilities and Real Estate sectors propelled shares lower.

At the close in Sao Paulo, the Bovespa fell 2.25% to hit a new 3-month low.

The biggest gainers of the session on the Bovespa were Marfrig Alimentos SA (SA:MRFG3), which rose 7.59% or 0.60 points to trade at 8.50 at the close. Cosan SA Industria e Comercio (SA:CSAN3) added 1.46% or 0.59 points to end at 40.93 and Embraer SA (SA:EMBR3) was up 1.46% or 0.33 points to 22.95 in late trade.

Biggest losers included Centrais Eletricas Brasileiras SA (SA:ELET3), which lost 11.47% or 2.07 points to trade at 15.97 in late trade. Centrais Eletricas Brasileiras SA (SA:ELET6) declined 9.42% or 1.95 points to end at 18.75 and Qualicorp SA (SA:QUAL3) shed 7.98% or 1.71 points to 19.72.

Declining stocks outnumbered rising ones by 296 to 114 and 31 ended unchanged on the BM&FBovespa Stock Exchange.

The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 1.19% to 31.58.

In commodities trading, Gold Futures for June delivery was up 0.12% or 1.50 to $1293.50 a troy ounce. Meanwhile, Crude oil for delivery in July fell 0.65% or 0.47 to hit $71.73 a barrel, while the July US coffee C contract fell 1.13% or 1.36 to trade at $119.47 .

USD/BRL was down 0.58% to 3.6270, while EUR/BRL fell 1.26% to 4.2428.

The US Dollar Index Futures was up 0.43% at 93.91.

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