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Brazil stocks lower at close of trade; Bovespa down 2.40%

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

At the close in Sao Paulo, the Bovespa declined 2.40% to hit a new 3-months low.

The best performers of the session on the Bovespa were JBS SA (BVMF:JBSS3), which rose 3.35% or 1.18 points to trade at 36.38 at the close. Meanwhile, Suzano Papel e Celulose SA (BVMF:SUZB3) added 3.00% or 1.79 points to end at 61.53 and SLC Agricola SA (BVMF:SLCE3) was up 2.64% or 0.45 points to 17.52 in late trade.

The worst performers of the session were MRV Engenharia e Participacoes SA (BVMF:MRVE3), which fell 14.10% or 0.87 points to trade at 5.30 at the close. Cvc Brasil ON (BVMF:CVCB3) declined 13.38% or 0.36 points to end at 2.33 and Lojas Renner SA (BVMF:LREN3) was down 10.16% or 1.64 points to 14.50.

Falling stocks outnumbered advancing ones on the B3 Stock Exchange by 588 to 303 and 36 ended unchanged.

Shares in MRV Engenharia e Participacoes SA (BVMF:MRVE3) fell to 5-year lows; falling 14.10% or 0.87 to 5.30.

The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was up 9.93% to 31.99.

Gold Futures for February delivery was down 0.11% or 3.00 to $2,661.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 0.23% or 0.16 to hit $68.88 a barrel, while the March US coffee C contract rose 0.08% or 0.27 to trade at $326.15 .

USD/BRL was up 1.31% to 6.02, while EUR/BRL rose 1.15% to 6.35.

The US Dollar Index Futures was up 0.07% at 106.12.

This post appeared first on investing.com

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