Brazil shares lower at close of trade; Bovespa down 0.41%

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

At the close in Sao Paulo, the Bovespa lost 0.41%.

The biggest gainers of the session on the Bovespa were Azul SA Pref (BVMF:AZUL4), which rose 10.20% or 0.45 points to trade at 4.86 at the close. IRB Brasil Resseguros SA (BVMF:IRBR3) added 5.35% or 2.64 points to end at 51.96 and Atacadao SA (BVMF:CRFB3) was up 3.59% or 0.32 points to 9.23 in late trade.

Biggest losers included 3R Petroleum Oleo E Gas Sa (BVMF:RRRP3), which lost 5.28% or 1.42 points to trade at 25.47 in late trade. Prio SA (BVMF:PRIO3) declined 5.16% or 2.41 points to end at 44.30 and Companhia Brasileira De Distribuica (BVMF:PCAR3) shed 4.21% or 0.13 points to 2.96.

Declining stocks outnumbered rising ones by 580 to 377 and 57 ended unchanged on the B3 Stock Exchange.

The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 1.67% to 26.45.

In commodities trading, Gold Futures for December delivery was down 0.17% or 4.25 to $2,523.35 a troy ounce. Meanwhile, Crude oil for delivery in October fell 4.27% or 3.14 to hit $70.41 a barrel, while the December US coffee C contract fell 0.72% or 1.75 to trade at $242.30 .

USD/BRL was up 0.43% to 5.64, while EUR/BRL rose 0.23% to 6.23.

The US Dollar Index Futures was up 0.10% at 101.73.