Brazil shares lower at close of trade; Bovespa down 3.69%

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Brazil shares lower at close of trade; Bovespa down 3.69%
Credit: © Reuters. – Brazil equities were lower at the close on Wednesday, as losses in the Financials , Consumption and Industrials sectors propelled shares lower.

At the close in Sao Paulo, the Bovespa fell 3.69%.

The biggest gainers of the session on the Bovespa were Suzano Papel e Celulose SA (SA: SUZB3 ), which rose 1.18% or 0.56 points to trade at 47.85 at the close. Equatorial Energia SA (SA: EQTL3 ) fell 0.46% or 0.40 points to end at 86.46 and Braskem SA (SA: BRKM5 ) was down 1.26% or 0.68 points to 53.11 in late trade.

Biggest losers included Cielo SA (SA: CIEL3 ), which lost 7.42% or 0.83 points to trade at 10.35 in late trade. Via Varejo SA (SA: VVAR3 ) declined 6.91% or 0.39 points to end at 5.25 and Marfrig Alimentos SA (SA: MRFG3 ) shed 6.43% or 0.43 points to 6.26.

Declining stocks outnumbered rising ones by 306 to 126 and 32 ended unchanged on the BM&FBovespa Stock Exchange.

The CBOE Brazil Etf Volatility , which measures the implied volatility of Bovespa options, was up 9.74% to 33.69.

In commodities trading, Gold Futures for April delivery was down 0.62% or 8.20 to $1311.00 a troy ounce. Meanwhile, Crude oil for delivery in March rose 0.63% or 0.34 to hit $54.00 a barrel, while the March US coffee C contract rose 0.43% or 0.45 to trade at $105.30 .

USD/BRL was up 0.82% to 3.6995, while EUR/BRL rose 0.41% to 4.2046.

The US Dollar Index Futures was up 0.34% at 96.140.

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