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Brazil stocks lower at close of trade; Bovespa down 1.43%

Investing.com – Brazil stocks were lower after the close on Friday, as losses in the Basic Materials, Financials and Industrials sectors led shares lower.

At the close in Sao Paulo, the Bovespa declined 1.43% to hit a new 52-week low.

The best performers of the session on the Bovespa were Eneva SA (BVMF:ENEV3), which rose 5.45% or 0.52 points to trade at 10.07 at the close. Meanwhile, Sao Martinho SA (BVMF:SMTO3) added 5.17% or 1.19 points to end at 24.20 and Azul SA Pref (BVMF:AZUL4) was up 3.02% or 0.11 points to 3.75 in late trade.

The worst performers of the session were Usinas Siderurgicas de Minas Gerais SA USIMINAS Pref (BVMF:USIM5), which fell 6.01% or 0.31 points to trade at 4.85 at the close. IRB Brasil Resseguros SA (BVMF:IRBR3) declined 5.55% or 2.47 points to end at 42.05 and YDUQS Participacoes SA (BVMF:YDUQ3) was down 5.08% or 0.43 points to 8.04.

Rising stocks outnumbered declining ones on the B3 Stock Exchange by 480 to 444 and 55 ended unchanged.

Shares in Usinas Siderurgicas de Minas Gerais SA USIMINAS Pref (BVMF:USIM5) fell to 3-years lows; falling 6.01% or 0.31 to 4.85.

The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was up 0.75% to 32.08.

Gold Futures for February delivery was down 0.68% or 18.26 to $2,650.74 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 1.23% or 0.90 to hit $74.03 a barrel, while the March US coffee C contract fell 2.13% or 6.95 to trade at $319.90 .

USD/BRL was up 0.44% to 6.18, while EUR/BRL rose 0.79% to 6.37.

The US Dollar Index Futures was down 0.40% at 108.77.

This post appeared first on investing.com

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