Brazil shares lower at close of trade; Bovespa down 2.82%

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

At the close in Sao Paulo, the Bovespa declined 2.82%.

The biggest gainers of the session on the Bovespa were Braskem SA (SA: BRKM5 ), which rose 4.11% or 2.02 points to trade at 51.22 at the close. JBS SA (SA: JBSS3 ) added 2.31% or 0.21 points to end at 9.32 and Suzano Papel e Celulose SA (SA: SUZB3 ) was up 1.60% or 0.69 points to 43.80 in late trade.

Biggest losers included Centrais Eletricas Brasileiras SA (SA: ELET3 ), which lost 8.30% or 1.12 points to trade at 12.38 in late trade. B2W Cia Digital (SA: BTOW3 ) declined 7.74% or 2.15 points to end at 25.64 and Centrais Eletricas Brasileiras SA (SA: ELET6 ) shed 7.07% or 1.12 points to 14.72.

Declining stocks outnumbered rising ones by 264 to 146 and 27 ended unchanged on the BM&FBovespa Stock Exchange.

The CBOE Brazil Etf Volatility , which measures the implied volatility of Bovespa options, was up 4.57% to 36.13.

In commodities trading, Gold Futures for August delivery was down 0.38% or 4.90 to $1269.60 a troy ounce. Meanwhile, Crude oil for delivery in August rose 0.15% or 0.10 to hit $65.81 a barrel, while the September US coffee C contract fell 0.48% or 0.56 to trade at $116.22 .

USD/BRL was down 0.23% to 3.7636, while EUR/BRL rose 0.03% to 4.3680.

The US Dollar Index Futures was down 0.28% at 94.51.