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Brazil shares lower at close of trade; Bovespa down 0.84%

Published 16/12/2024, 21:30
© Reuters.  Brazil shares lower at close of trade; Bovespa down 0.84%
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Investing.com – Brazil equities were lower at the close on Monday, as losses in the Financials, Real Estate and Public Utilities sectors propelled shares lower.

At the close in Sao Paulo, the Bovespa lost 0.84% to hit a new 3-month low.

The biggest gainers of the session on the Bovespa were Companhia Brasileira De Distribuica (BVMF:PCAR3), which rose 15.61% or 0.37 points to trade at 2.74 at the close. Minerva SA/Brazil (BVMF:BEEF3) added 5.58% or 0.32 points to end at 6.05 and Brava Energia SA (BVMF:BRAV3) was up 5.21% or 1.05 points to 21.19 in late trade.

Biggest losers included Grupo Vamos SA (BVMF:VAMO3), which lost 8.45% or 0.46 points to trade at 4.95 in late trade. Sendas Distribuidora SA (BVMF:ASAI3) declined 6.09% or 0.35 points to end at 5.40 and Magazine Luiza SA (BVMF:MGLU3) shed 5.37% or 0.44 points to 7.76.

Declining stocks outnumbered rising ones by 557 to 389 and 60 ended unchanged on the B3 Stock Exchange.

The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was up 1.43% to 33.96.

In commodities trading, Gold Futures for February delivery was down 0.24% or 6.33 to $2,669.47 a troy ounce. Meanwhile, Crude oil for delivery in January fell 1.53% or 1.09 to hit $70.20 a barrel, while the March US coffee C contract rose 1.73% or 5.52 to trade at $325.02 .

USD/BRL was up 1.79% to 6.15, while EUR/BRL rose 2.75% to 6.46.

The US Dollar Index Futures was down 0.10% at 106.58.

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