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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.

This post appeared first on investing.com

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