Brazil stocks lower at close of trade; Bovespa down 1.59%

Investing.com – Brazil stocks were lower after the close on Wednesday, as losses in the Real Estate , Consumption and Financials sectors led shares lower.

At the close in Sao Paulo, the Bovespa declined 1.59%.

The best performers of the session on the Bovespa were Natura & Co SA (BVMF:NTCO3 ), which rose 3.06% or 0.44 points to trade at 14.80 at the close. Meanwhile, Marfrig Alimentos SA (BVMF:MRFG3 ) added 2.46% or 0.45 points to end at 18.75 and Usinas Siderurgicas de Minas Gerais SA USIMINAS Pref (BVMF:USIM5 ) was up 1.92% or 0.12 points to 6.36 in late trade.

The worst performers of the session were Magazine Luiza SA (BVMF:MGLU3 ), which fell 9.40% or 1.00 points to trade at 9.64 at the close. Lwsa SA (BVMF:LWSA3 ) declined 9.13% or 0.41 points to end at 4.08 and Azzas 2154 SA (BVMF:AZZA3 ) was down 7.21% or 3.06 points to 39.40.

Falling stocks outnumbered advancing ones on the B3 Stock Exchange by 508 to 474 and 44 ended unchanged.

Shares in Marfrig Alimentos SA (BVMF:MRFG3 ) rose to 52-week highs; rising 2.46% or 0.45 to 18.75. Shares in Azzas 2154 SA (BVMF:AZZA3 ) fell to 3-years lows; losing 7.21% or 3.06 to 39.40.

The CBOE Brazil Etf Volatility , which measures the implied volatility of Bovespa options, was up 0.34% to 29.10.

Gold Futures for February delivery was up 0.52% or 13.84 to $2,660.14 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January unchanged 0.00% or 0.00 to hit $68.77 a barrel, while the March US coffee C contract rose 5.51% or 17.03 to trade at $325.88 .

USD/BRL was up 2.22% to 5.94, while EUR/BRL rose 2.98% to 6.28.

The US Dollar Index Futures was down 0.88% at 106.02.

Source: Investing.com