Brazil shares lower at close of trade; Bovespa down 0.14%

Investing.com – Brazil equities were lower at the close on Tuesday, as losses in the Basic Materials, Electric Power and Real Estate sectors propelled shares lower.

At the close in Sao Paulo, the Bovespa declined 0.14% to hit a new 3-month low.

The biggest gainers of the session on the Bovespa were Localiza Rent a Car SA (BVMF:RENT3), which rose 6.79% or 2.89 points to trade at 45.46 at the close. Hapvida Participacoes e Investimentos (BVMF:HAPV3) added 4.42% or 0.14 points to end at 3.31 and Companhia de Saneamento Basico do Estado de Sao Paulo SABESP (BVMF:SBSP3) was up 3.79% or 3.49 points to 95.55 in late trade.

Biggest losers included Cogna Educacao SA (BVMF:COGN3), which lost 5.41% or 0.08 points to trade at 1.40 in late trade. Metalurgica Gerdau SA (BVMF:GOAU4) declined 5.05% or 0.58 points to end at 10.90 and Sao Martinho SA (BVMF:SMTO3) shed 4.23% or 1.07 points to 24.24.

Declining stocks outnumbered rising ones by 659 to 304 and 57 ended unchanged on the B3 Stock Exchange.

The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 7.18% to 31.67.

In commodities trading, Gold Futures for December delivery was down 0.49% or 12.90 to $2,604.80 a troy ounce. Meanwhile, Crude oil for delivery in December fell 0.10% or 0.07 to hit $67.97 a barrel, while the March US coffee C contract rose 2.81% or 7.18 to trade at $263.03 .

USD/BRL was unchanged 0.00% to 5.75, while EUR/BRL unchanged 0.06% to 6.11.

The US Dollar Index Futures was up 0.39% at 105.87.