Investing.com – Brazil equities were lower at the close on Thursday, as losses in the Financials, Real Estate and Electric Power sectors propelled shares lower.
At the close in Sao Paulo, the Bovespa lost 2.18% to hit a new 3-month low.
The biggest gainers of the session on the Bovespa were Suzano Papel e Celulose SA (SA:SUZB5), which rose 4.38% or 0.65 points to trade at 15.50 at the close. Fibria Celulose SA (SA:FIBR3) added 3.69% or 1.55 points to end at 43.53 and Usinas Siderurgicas de Minas Gerais (SA:USIM5) was up 3.48% or 0.13 points to 3.87 in late trade.
Biggest losers included Localiza Rent a Car SA (SA:RENT3), which lost 6.94% or 2.11 points to trade at 28.29 in late trade. BR Malls Participacoes SA (SA:BRML3) declined 6.02% or 0.82 points to end at 12.81 and ALL America Latina Logistica SA (SA:RUMO3) shed 5.77% or 0.06 points to 0.98.
Declining stocks outnumbered rising ones by 207 to 95 and 5 ended unchanged on the Sao Paulo Stock Exchange.
The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was up 8.87% to 35.24 a new 3-month high.
In commodities trading, Gold for August delivery was up 0.02% or 0.20 to $1088.80 a troy ounce. Meanwhile, Crude oil for delivery in September fell 0.01% or 0.01 to hit $48.78 a barrel, while the September US coffee C contract fell 2.93% or 3.67 to trade at $121.85 .
USD/BRL was up 2.16% to 3.2927, while EUR/BRL rose 2.75% to 3.6192.
The US Dollar Index was down 0.35% at 97.28.