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Brazil shares lower at close of trade; Bovespa down 1.73%

Published 07/06/2024, 21:30
© Reuters Brazil shares lower at close of trade; Bovespa down 1.73%
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Investing.com – Brazil equities were lower at the close on Friday, as losses in the Real Estate, Public Utilities and Electric Power sectors propelled shares lower.

At the close in Sao Paulo, the Bovespa fell 1.73% to hit a new 6-month low.

The biggest gainers of the session on the Bovespa were Embraer SA (BVMF:EMBR3), which rose 4.04% or 1.49 points to trade at 38.40 at the close. Sao Martinho SA (BVMF:SMTO3) added 2.76% or 0.76 points to end at 28.25 and Marfrig Alimentos SA (BVMF:MRFG3) was up 1.09% or 0.12 points to 11.12 in late trade.

Biggest losers included Lwsa SA (BVMF:LWSA3), which lost 8.46% or 0.39 points to trade at 4.22 in late trade. Magazine Luiza SA (BVMF:MGLU3) declined 7.56% or 0.96 points to end at 11.74 and MRV Engenharia e Participacoes SA (BVMF:MRVE3) shed 6.02% or 0.44 points to 6.87.

Declining stocks outnumbered rising ones by 547 to 391 and 49 ended unchanged on the B3 Stock Exchange.

The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 2.14% to 27.00.

In commodities trading, Gold Futures for August delivery was down 3.45% or 82.45 to $2,308.45 a troy ounce. Meanwhile, Crude oil for delivery in July fell 0.36% or 0.27 to hit $75.28 a barrel, while the July US coffee C contract fell 3.96% or 9.27 to trade at $224.93 .

USD/BRL was up 1.35% to 5.33, while EUR/BRL rose 0.59% to 5.75.

The US Dollar Index Futures was up 0.80% at 104.89.

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