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Brazil shares lower at close of trade; Bovespa down 0.87%

Published 03/04/2018, 06:25 am
© Reuters.  Brazil shares lower at close of trade; Bovespa down 0.87%
IBOV
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IMOB
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IFNC
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UTIL
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BBDC3
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BBDC4
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BRAP4
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CSNA3
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ECOR3
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VALE3
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VXEWZ
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Investing.com – Brazil equities were lower at the close on Monday, as losses in the Real Estate, Financials and Public Utilities sectors propelled shares lower.

At the close in Sao Paulo, the Bovespa declined 0.87%.

The biggest gainers of the session on the Bovespa were Vale SA (SA:VALE3), which rose 1.87% or 0.79 points to trade at 43.00 at the close. Cia Siderurgica Nacional SA (SA:CSNA3) added 1.59% or 0.14 points to end at 8.94 and Bradespar SA (SA:BRAP4) was up 1.59% or 0.50 points to 31.99 in late trade.

Biggest losers included Banco Bradesco SA (SA:BBDC3), which lost 11.36% or 4.37 points to trade at 34.10 in late trade. Banco Bradesco SA Pref (SA:BBDC4) declined 9.92% or 3.92 points to end at 35.58 and EcoRodovias SA (SA:ECOR3) shed 5.14% or 0.45 points to 8.30.

Declining stocks outnumbered rising ones by 330 to 95 and 22 ended unchanged on the BM&FBovespa Stock Exchange.

The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was up 8.78% to 32.94 a new 1-month high.

In commodities trading, Gold Futures for June delivery was up 1.40% or 18.60 to $1345.90 a troy ounce. Meanwhile, Crude oil for delivery in May fell 2.80% or 1.82 to hit $63.12 a barrel, while the May US coffee C contract fell 1.47% or 1.74 to trade at $116.38 .

USD/BRL was up 0.30% to 3.3151, while EUR/BRL unchanged 0.00% to 4.0921.

The US Dollar Index Futures was down 0.06% at 89.70.

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