Brazil shares lower at close of trade; Bovespa down 3.00%

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Brazil shares lower at close of trade; Bovespa down 3.00% – Brazil equities were lower at the close on Thursday, as losses in the Real Estate , Financials and Basic Materials sectors propelled shares lower.

At the close in Sao Paulo, the Bovespa lost 3.00% to hit a new 3-month low.

The biggest gainers of the session on the Bovespa were Embraer SA (SA: EMBR3 ), which rose 1.94% or 0.45 points to trade at 23.65 at the close. Telefonica Brasil SA (SA: VIVT4 ) added 0.96% or 0.43 points to end at 45.43 and Fibria Celulose SA (SA: FIBR3 ) was unchanged 0.00% or 0.00 points to 75.00 in late trade.

Biggest losers included Smiles Fidelidade SA (SA: SMLS3 ), which lost 12.77% or 6.67 points to trade at 45.58 in late trade. Viavarejo Unt (SA: VVAR11 ) declined 9.13% or 1.96 points to end at 19.50 and B2W Cia Digital (SA: BTOW3 ) shed 7.59% or 1.89 points to 23.00.

Declining stocks outnumbered rising ones by 341 to 120 and 22 ended unchanged on the BM&FBovespa Stock Exchange.

The CBOE Brazil Etf Volatility , which measures the implied volatility of Bovespa options, was up 25.05% to 38.94 a new 3-month high.

In commodities trading, Gold Futures for August delivery was down 0.03% or 0.40 to $1301.00 a troy ounce. Meanwhile, Crude oil for delivery in July rose 1.78% or 1.15 to hit $65.88 a barrel, while the July US coffee C contract fell 1.86% or 2.20 to trade at $116.08 .

USD/BRL was up 1.76% to 3.9224, while EUR/BRL rose 2.03% to 4.6305.

The US Dollar Index Futures was down 0.20% at 93.42.

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