Brazil stocks lower at close of trade; Bovespa down 1.60%

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

At the close in Sao Paulo, the Bovespa declined 1.60% to hit a new 1-month low.

The best performers of the session on the Bovespa were Marcopolo SA (BVMF:POMO4), which rose 2.80% or 0.20 points to trade at 7.35 at the close. Meanwhile, Centrais Elétricas Brasileiras SA Eletrobras (BVMF:ELET3) added 2.60% or 0.97 points to end at 38.22 and Localiza Rent a Car SA (BVMF:RENT3) was up 1.81% or 0.50 points to 28.10 in late trade.

The worst performers of the session were Marfrig Alimentos SA (BVMF:MRFG3), which fell 10.15% or 1.54 points to trade at 13.63 at the close. Braskem SA (BVMF:BRKM5) declined 7.11% or 0.84 points to end at 10.97 and Grupo Vamos SA (BVMF:VAMO3) was down 6.62% or 0.27 points to 3.81.

Rising stocks outnumbered declining ones on the B3 Stock Exchange by 526 to 447 and 44 ended unchanged.

Shares in Braskem SA (BVMF:BRKM5) fell to 3-years lows; losing 7.11% or 0.84 to 10.97. Shares in Grupo Vamos SA (BVMF:VAMO3) fell to all time lows; down 6.62% or 0.27 to 3.81.

The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was up 4.01% to 28.01.

Gold Futures for April delivery was down 1.00% or 28.86 to $2,867.04 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April fell 0.41% or 0.29 to hit $70.06 a barrel, while the May US coffee C contract rose 0.17% or 0.65 to trade at $374.25 .

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USD/BRL was up 0.73% to 5.88, while EUR/BRL rose 0.61% to 6.11.

The US Dollar Index Futures was up 0.30% at 107.50.

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