Brazil shares lower at close of trade; Bovespa down 0.38%

Investing.com – Brazil equities were lower at the close on Tuesday, as losses in the Basic Materials, Telecoms and Industrials sectors propelled shares lower.

At the close in Sao Paulo, the Bovespa lost 0.38%.

The biggest gainers of the session on the Bovespa were Cogna Educacao SA (BVMF:COGN3), which rose 12.70% or 0.16 points to trade at 1.42 at the close. Azul SA Pref (BVMF:AZUL4) added 7.48% or 0.43 points to end at 6.18 and YDUQS Participacoes SA (BVMF:YDUQ3) was up 5.32% or 0.54 points to 10.69 in late trade.

Biggest losers included Companhia Siderurgica Nacional (BVMF:CSNA3), which lost 4.70% or 0.60 points to trade at 12.16 in late trade. Usinas Siderurgicas de Minas Gerais SA USIMINAS Pref (BVMF:USIM5) declined 4.14% or 0.26 points to end at 6.02 and CSN Mineracao SA (BVMF:CMIN3) shed 3.66% or 0.23 points to 6.05.

Advancing stocks outnumbered falling ones by 491 to 429 and 60 ended unchanged on the B3 Stock Exchange.

The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 0.60% to 31.44.

In commodities trading, Gold Futures for December delivery was down 1.00% or 26.65 to $2,639.35 a troy ounce. Meanwhile, Crude oil for delivery in November fell 4.36% or 3.36 to hit $73.78 a barrel, while the December US coffee C contract rose 1.42% or 3.48 to trade at $248.13 .

USD/BRL was up 0.79% to 5.53, while EUR/BRL rose 0.92% to 6.07.

The US Dollar Index Futures was down 0.07% at 102.23.