Brazil stocks lower at close of trade; Bovespa down 1.50%

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

At the close in Sao Paulo, the Bovespa fell 1.50% to hit a new 1-month low.

The best performers of the session on the Bovespa were Raizen SA Preferred (BVMF:RAIZ4 ), which rose 2.28% or 0.07 points to trade at 3.14 at the close. Meanwhile, Embraer SA (BVMF:EMBR3 ) added 1.60% or 0.76 points to end at 48.25 and Tim Participacoes SA (BVMF:TIMS3 ) was up 1.30% or 0.24 points to 18.73 in late trade.

The worst performers of the session were Companhia Siderurgica Nacional (BVMF:CSNA3 ), which fell 7.63% or 0.92 points to trade at 11.13 at the close. Magazine Luiza SA (BVMF:MGLU3 ) declined 7.26% or 0.81 points to end at 10.35 and Cvc Brasil ON (BVMF:CVCB3 ) was down 6.97% or 0.14 points to 1.87.

Falling stocks outnumbered advancing ones on the B3 Stock Exchange by 557 to 389 and 38 ended unchanged.

The CBOE Brazil Etf Volatility , which measures the implied volatility of Bovespa options, was down 2.05% to 26.22.

Gold Futures for December delivery was up 1.16% or 30.30 to $2,644.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 0.03% or 0.02 to hit $71.18 a barrel, while the December US coffee C contract fell 3.56% or 9.32 to trade at $252.33 .

USD/BRL was up 1.65% to 5.52, while EUR/BRL rose 1.82% to 6.16.

The US Dollar Index Futures was up 0.17% at 100.49.

Source: Investing.com