1 month ago
Stock Market

Brazil stocks lower at close of trade; Bovespa down 2.29%

Investing.com – Brazil stocks were lower after the close on Monday, as losses in the Basic Materials, Telecoms and Public

Investing.com – Brazil stocks were lower after the close on Monday, as losses in the Basic Materials, Telecoms and Public Utilities sectors led shares lower.

At the close in Sao Paulo, the Bovespa declined 2.29%.

The best performers of the session on the Bovespa were Ambev SA (SA:ABEV3), which rose 4.60% or 0.79 points to trade at 17.95 at the close. Meanwhile, Raia Drogasil SA (SA:RADL3) added 4.53% or 2.82 points to end at 65.11 and Engie Brasil Energia SA (SA:EGIE3) was up 3.81% or 1.60 points to 43.60 in late trade.

The worst performers of the session were Vale SA (SA:VALE3), which fell 24.52% or 13.77 points to trade at 42.38 at the close. Bradespar SA (SA:BRAP4) declined 24.49% or 8.57 points to end at 26.43 and Cia Siderurgica Nacional SA (SA:CSNA3) was down 5.69% or 0.59 points to 9.78.

Falling stocks outnumbered advancing ones on the BM&FBovespa Stock Exchange by 259 to 207 and 21 ended unchanged.

Shares in Bradespar SA (SA:BRAP4) fell to 52-week lows; falling 24.49% or 8.57 to 26.43. Shares in Engie Brasil Energia SA (SA:EGIE3) rose to all time highs; gaining 3.81% or 1.60 to 43.60.

The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was up 4.36% to 33.78.

Gold Futures for February delivery was up 0.30% or 3.85 to $1301.95 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March fell 2.83% or 1.52 to hit $52.17 a barrel, while the March US coffee C contract fell 4.12% or 4.40 to trade at $102.40 .

USD/BRL was down 0.20% to 3.7619, while EUR/BRL fell 0.03% to 4.2984.

The US Dollar Index Futures was down 0.03% at 95.433.