Brazil stocks lower at close of trade; Bovespa down 0.96%

Stock market, Business

Brazil stocks were lower after the close on Monday, as losses in thePublic Utilities, Electric Power and Basic Materials sectors led shares lower.

At the close in Sao Paulo, the Bovespa fell 0.96%.

The best performers of the session on the Bovespa were Suzano Papel e Celulose SA (SA:SUZB5), which rose 3.33% or 0.33 points to trade at 10.25 at the close. Meanwhile, Metalurgica Gerdau SA (SA:GOAU4) added 3.31% or 0.090 points to end at 2.810 and Braskem SA (SA:BRKM5) was up 2.97% or 0.55 points to 19.09 in late trade.

The worst performers of the session were Petroleo Brasileiro SA (SA:PETR3), which fell 5.85% or 0.82 points to trade at 13.19 at the close. Petroleo Brasileiro SA (SA:PETR4) declined 5.22% or 0.62 points to end at 11.25 and Natura Cosmeticos SA (SA:NATU3) was down 5.11% or 1.70 points to 31.60.

Falling stocks outnumbered advancing ones on the Sao Paulo Stock Exchange by 173 to 163 and 19 ended unchanged.

The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was up 5.22% to 33.06.

Gold for December delivery was up 0.23% or 3.15 to $1360.65 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September fell 3.73% or 1.55 to hit $40.05 a barrel, while the September US coffee C contract fell 0.83% or 1.20 to trade at $143.98 .

USD/BRL was up 0.56% to 3.2704, while EUR/BRL rose 0.47% to 3.6507.

The US Dollar Index was up 0.23% at 95.75.

Source Investing.com