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Brazil shares lower at close of trade; Bovespa down 2.66%

Published 24/10/2018, 21:25
Updated 24/10/2018, 21:25
© Reuters.  Brazil shares lower at close of trade; Bovespa down 2.66%

Investing.com – Brazil equities were lower at the close on Wednesday, as losses in the Financials, Consumption and Industrials sectors propelled shares lower.

At the close in Sao Paulo, the Bovespa declined 2.66%.

The biggest gainers of the session on the Bovespa were Suzano Papel e Celulose SA (SA:SUZB3), which rose 2.46% or 1.01 points to trade at 42.00 at the close. Fibria Celulose SA (SA:FIBR3) added 1.12% or 0.81 points to end at 73.04 and WEG SA (SA:WEGE3) was up 0.78% or 0.15 points to 19.35 in late trade.

Biggest losers included Cosan SA Industria e Comercio (SA:CSAN3), which lost 9.95% or 3.74 points to trade at 33.86 in late trade. CCR SA (SA:CCRO3) declined 5.99% or 0.65 points to end at 10.20 and RUMO Logistica Operadora Multimodal SA (SA:RAIL3) shed 5.43% or 0.86 points to 14.99.

Declining stocks outnumbered rising ones by 296 to 152 and 30 ended unchanged on the BM&FBovespa Stock Exchange.

The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was up 10.37% to 46.41.

In commodities trading, Gold Futures for December delivery was up 0.14% or 1.70 to $1235.10 a troy ounce. Meanwhile, Crude oil for delivery in December fell 0.30% or 0.20 to hit $66.23 a barrel, while the December US coffee C contract fell 0.66% or 0.80 to trade at $120.30 .

USD/BRL was up 1.14% to 3.7369, while EUR/BRL rose 0.50% to 4.2593.

The US Dollar Index Futures was up 0.44% at 96.13.

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