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

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

At the close in Sao Paulo, the Bovespa declined 0.84% to hit a new 1-month low.

The best performers of the session on the Bovespa were Braskem SA (BVMF:BRKM5), which rose 4.76% or 0.90 points to trade at 19.79 at the close. Meanwhile, Usinas Siderurgicas de Minas Gerais SA USIMINAS Pref (BVMF:USIM5) added 2.79% or 0.17 points to end at 6.26 and Sao Martinho SA (BVMF:SMTO3) was up 2.57% or 0.67 points to 26.75 in late trade.

The worst performers of the session were Azul SA Pref (BVMF:AZUL4), which fell 10.08% or 0.63 points to trade at 5.62 at the close. CSN Mineracao SA (BVMF:CMIN3) declined 8.26% or 0.57 points to end at 6.33 and Marfrig Alimentos SA (BVMF:MRFG3) was down 5.44% or 0.80 points to 13.90.

Falling stocks outnumbered advancing ones on the B3 Stock Exchange by 579 to 378 and 50 ended unchanged.

The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was up 0.53% to 26.57.

Gold Futures for December delivery was down 0.33% or 8.50 to $2,583.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 1.16% or 0.81 to hit $69.15 a barrel, while the December US coffee C contract fell 1.27% or 3.37 to trade at $261.13 .

USD/BRL was down 0.69% to 5.44, while EUR/BRL fell 1.06% to 6.06.

The US Dollar Index Futures was up 0.07% at 100.64.