Brazil shares lower at close of trade; Bovespa down 0.07%

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

At the close in Sao Paulo, the Bovespa lost 0.07%.

The biggest gainers of the session on the Bovespa were Cvc Brasil ON (BVMF:CVCB3), which rose 4.35% or 0.09 points to trade at 2.16 at the close. Magazine Luiza SA (BVMF:MGLU3) added 4.01% or 0.37 points to end at 9.60 and Atacadao SA (BVMF:CRFB3) was up 3.32% or 0.24 points to 7.47 in late trade.

Biggest losers included WEG SA (BVMF:WEGE3), which lost 5.16% or 2.94 points to trade at 54.00 in late trade. Embraer SA (BVMF:EMBR3) declined 2.08% or 1.04 points to end at 49.08 and IRB Brasil Resseguros SA (BVMF:IRBR3) shed 1.73% or 0.76 points to 43.14.

Advancing stocks outnumbered falling ones by 531 to 419 and 47 ended unchanged on the B3 Stock Exchange.

The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was up 0.61% to 31.29.

In commodities trading, Gold Futures for December delivery was up 0.58% or 16.10 to $2,797.20 a troy ounce. Meanwhile, Crude oil for delivery in December rose 2.60% or 1.75 to hit $68.96 a barrel, while the December US coffee C contract rose 0.56% or 1.40 to trade at $249.50 .

USD/BRL was unchanged 0.07% to 5.76, while EUR/BRL rose 0.40% to 6.26.

The US Dollar Index Futures was down 0.21% at 103.98.