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Brazil stocks lower at close of trade; Bovespa down 1.32%

Published 11/08/2024, 03:30 PM
© Reuters Brazil stocks lower at close of trade; Bovespa down 1.32%
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Investing.com – Brazil stocks were lower after the close on Friday, as losses in the Basic Materials, Consumption and Financials sectors led shares lower.

At the close in Sao Paulo, the Bovespa lost 1.32% to hit a new 3-months low.

The best performers of the session on the Bovespa were Embraer SA (BVMF:EMBR3), which rose 6.93% or 3.47 points to trade at 53.52 at the close. Meanwhile, Magazine Luiza SA (BVMF:MGLU3) added 3.52% or 0.33 points to end at 9.71 and Vivara Participacoes SA (BVMF:VIVA3) was up 2.73% or 0.68 points to 25.63 in late trade.

The worst performers of the session were Alpargatas SA (BVMF:ALPA4), which fell 7.90% or 0.56 points to trade at 6.53 at the close. Lojas Renner SA (BVMF:LREN3) declined 6.08% or 1.10 points to end at 16.98 and Fleury SA (BVMF:FLRY3) was down 6.03% or 0.87 points to 13.56.

Falling stocks outnumbered advancing ones on the B3 Stock Exchange by 489 to 465 and 50 ended unchanged.

Shares in Embraer SA (BVMF:EMBR3) rose to all time highs; gaining 6.93% or 3.47 to 53.52. Shares in Alpargatas SA (BVMF:ALPA4) fell to 5-year lows; falling 7.90% or 0.56 to 6.53. Shares in Fleury SA (BVMF:FLRY3) fell to 52-week lows; down 6.03% or 0.87 to 13.56.

The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was up 8.25% to 34.12.

Gold Futures for December delivery was down 0.37% or 10.10 to $2,695.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December fell 2.53% or 1.83 to hit $70.53 a barrel, while the December US coffee C contract fell 2.46% or 6.40 to trade at $254.00 .

USD/BRL was up 0.69% to 5.73, while EUR/BRL fell 0.19% to 6.14.

The US Dollar Index Futures was up 0.49% at 104.88.

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