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Brazil stocks lower at close of trade; Bovespa down 0.77%

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

At the close in Sao Paulo, the Bovespa declined 0.77%.

The best performers of the session on the Bovespa were Companhia Siderurgica Nacional (BVMF:CSNA3), which rose 3.76% or 0.28 points to trade at 7.73 at the close. Meanwhile, IRB Brasil Resseguros SA (BVMF:IRBR3) added 3.67% or 1.63 points to end at 46.08 and CSN Mineracao SA (BVMF:CMIN3) was up 2.97% or 0.14 points to 4.85 in late trade.

The worst performers of the session were Tim Participacoes SA (BVMF:TIMS3), which fell 5.02% or 0.73 points to trade at 13.82 at the close. Localiza Rent a Car SA (BVMF:RENT3) declined 4.66% or 1.41 points to end at 28.87 and B3 SA Brasil Bolsa Balcao (BVMF:B3SA3) was down 3.92% or 0.40 points to 9.80.

Falling stocks outnumbered advancing ones on the B3 Stock Exchange by 582 to 361 and 64 ended unchanged.

Shares in Tim Participacoes SA (BVMF:TIMS3) fell to 52-week lows; falling 5.02% or 0.73 to 13.82. Shares in Localiza Rent a Car SA (BVMF:RENT3) fell to 3-years lows; down 4.66% or 1.41 to 28.87.

The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 0.30% to 30.17.

Gold Futures for February delivery was up 0.99% or 26.51 to $2,717.31 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 3.69% or 2.73 to hit $76.65 a barrel, while the March US coffee C contract rose 2.03% or 6.45 to trade at $324.95 .

USD/BRL was up 1.12% to 6.10, while EUR/BRL rose 0.63% to 6.25.

The US Dollar Index Futures was up 0.45% at 109.49.

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