Brazil shares lower at close of trade; Bovespa down 1.51%

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Brazil shares lower at close of trade; Bovespa down 1.51% – Brazil equities were lower at the close on Wednesday, as losses in the Basic Materials , Financials and Industrials sectors propelled shares lower.

At the close in Sao Paulo, the Bovespa lost 1.51%.

The biggest gainers of the session on the Bovespa were Raia Drogasil SA (SA: RADL3 ), which rose 2.10% or 1.24 points to trade at 60.20 at the close. Lojas Renner SA (SA: LREN3 ) added 1.87% or 0.52 points to end at 28.36 and Estacio Participacoes SA (SA: ESTC3 ) was up 1.82% or 0.28 points to 15.68 in late trade.

Biggest losers included Banco Santander Brasil SA Unit (SA: SANB11 ), which lost 5.09% or 1.40 points to trade at 26.13 in late trade. Cia Siderurgica Nacional SA (SA: CSNA3 ) declined 4.84% or 0.45 points to end at 8.84 and Usinas Siderurgicas de Minas Gerais (SA: USIM5 ) shed 4.64% or 0.20 points to 4.11.

Declining stocks outnumbered rising ones by 229 to 122 and 42 ended unchanged on the Sao Paulo Stock Exchange.

The CBOE Brazil Etf Volatility , which measures the implied volatility of Bovespa options, was up 3.13% to 30.62.

In commodities trading, Gold Futures for June delivery was down 0.06% or 0.75 to $1257.65 a troy ounce. Meanwhile, Crude oil for delivery in May fell 0.33% or 0.17 to hit $50.86 a barrel, while the May US coffee C contract fell 0.51% or 0.70 to trade at $137.07 .

USD/BRL was up 0.85% to 3.1197, while EUR/BRL rose 0.83% to 3.3283.

The US Dollar Index Futures was down 0.03% at 100.39.

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