Brazil shares lower at close of trade; Bovespa down 1.29%

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

At the close in Sao Paulo, the Bovespa lost 1.29% to hit a new 3-month low.

The biggest gainers of the session on the Bovespa were Embraer SA (BVMF:EMBR3), which rose 6.97% or 3.49 points to trade at 53.54 at the close. Magazine Luiza SA (BVMF:MGLU3) added 3.73% or 0.35 points to end at 9.73 and Natura&Co SA (BVMF:NTCO3) was up 2.97% or 0.42 points to 14.54 in late trade.

Biggest losers included Alpargatas SA (BVMF:ALPA4), which lost 7.62% or 0.54 points to trade at 6.55 in late trade. Lojas Renner SA (BVMF:LREN3) declined 6.03% or 1.09 points to end at 16.99 and Fleury SA (BVMF:FLRY3) shed 6.03% or 0.87 points to 13.56.

Declining stocks outnumbered rising ones by 489 to 464 and 52 ended unchanged on the B3 Stock Exchange.

The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was up 8.25% to 34.12.

In commodities trading, Gold Futures for December delivery was down 0.38% or 10.30 to $2,695.50 a troy ounce. Meanwhile, Crude oil for delivery in December fell 2.49% or 1.80 to hit $70.56 a barrel, while the December US coffee C contract fell 2.46% or 6.40 to trade at $254.00 .

USD/BRL was up 0.62% to 5.73, while EUR/BRL fell 0.18% to 6.14.

The US Dollar Index Futures was up 0.49% at 104.88.