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Brazil shares lower at close of trade; Bovespa down 1.18%

Published 09/10/2024, 21:30
© Reuters Brazil shares lower at close of trade; Bovespa down 1.18%
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Investing.com – Brazil equities were lower at the close on Wednesday, as losses in the Real Estate, Financials and Consumption sectors propelled shares lower.

At the close in Sao Paulo, the Bovespa fell 1.18% to hit a new 1-month low.

The biggest gainers of the session on the Bovespa were Usinas Siderurgicas de Minas Gerais SA USIMINAS Pref (BVMF:USIM5), which rose 4.49% or 0.27 points to trade at 6.29 at the close. Companhia Brasileira De Distribuica (BVMF:PCAR3) added 3.67% or 0.11 points to end at 3.11 and JBS SA (BVMF:JBSS3) was up 0.74% or 0.24 points to 32.59 in late trade.

Biggest losers included YDUQS Participacoes SA (BVMF:YDUQ3), which lost 6.45% or 0.69 points to trade at 10.00 in late trade. Cogna Educacao SA (BVMF:COGN3) declined 6.34% or 0.09 points to end at 1.33 and Sendas Distribuidora SA (BVMF:ASAI3) shed 4.69% or 0.32 points to 6.50.

Declining stocks outnumbered rising ones by 531 to 406 and 58 ended unchanged on the B3 Stock Exchange.

The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 1.27% to 31.04.

In commodities trading, Gold Futures for December delivery was down 0.37% or 9.65 to $2,625.75 a troy ounce. Meanwhile, Crude oil for delivery in November fell 0.38% or 0.28 to hit $73.29 a barrel, while the December US coffee C contract rose 0.31% or 0.78 to trade at $248.98 .

USD/BRL was up 0.94% to 5.59, while EUR/BRL rose 0.63% to 6.11.

The US Dollar Index Futures was up 0.39% at 102.70.

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