Investing.com – Brazil equities were lower at the close on Monday, as losses in the Basic Materials, Electric Power and Public Utilities sectors propelled shares lower.
At the close in Sao Paulo, the Bovespa lost 3.03% to hit a new 5-year low.
The biggest gainers of the session on the Bovespa were Natura Cosmeticos SA (SA:NATU3), which rose 2.18% or 0.49 points to trade at 22.96 at the close. Cia Hering (SA:HGTX3) added 1.17% or 0.16 points to end at 13.86 and Estacio Participacoes SA (SA:ESTC3) was down 0.24% or 0.03 points to 12.47 in late trade.
Biggest losers included Metalurgica Gerdau SA (SA:GOAU4), which lost 12.46% or 0.37 points to trade at 2.60 in late trade. Usinas Siderurgicas de Minas Gerais (SA:USIM5) declined 10.42% or 0.32 points to end at 2.75 and Oi SA (SA:OIBR4) shed 9.67% or 0.29 points to 2.71.
Declining stocks outnumbered rising ones by 273 to 32 and 3 ended unchanged on the Sao Paulo Stock Exchange.
The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was up 6.71% to 52.03 a new 6-month high.
In commodities trading, Gold for December delivery was down 0.50% or 5.80 to $1153.80 a troy ounce. Meanwhile, Crude oil for delivery in October fell 5.53% or 2.23 to hit $38.22 a barrel, while the December US coffee C contract fell 3.69% or 4.65 to trade at $121.33 .
USD/BRL was up 1.57% to 3.5560, while EUR/BRL rose 3.43% to 4.1241.
The US Dollar Index was down 1.51% at 93.41.