👀 Ones to watch: The MOST undervalued stocks to buy right nowSee Undervalued Stocks

Brazil stocks lower at close of trade; Bovespa down 1.73%

Published 06/07/2024, 04:30 PM
© Reuters.  Brazil stocks lower at close of trade; Bovespa down 1.73%
IBOV
-

Investing.com – Brazil stocks were lower after the close on Friday, as losses in the Real Estate, Public Utilities and Electric Power sectors led shares lower.

At the close in Sao Paulo, the Bovespa fell 1.73% to hit a new 6-months low.

The best performers of the session on the Bovespa were Embraer SA (BVMF:EMBR3), which rose 4.04% or 1.49 points to trade at 38.40 at the close. Meanwhile, Sao Martinho SA (BVMF:SMTO3) added 2.76% or 0.76 points to end at 28.25 and Marfrig Alimentos SA (BVMF:MRFG3) was up 1.09% or 0.12 points to 11.12 in late trade.

The worst performers of the session were Lwsa SA (BVMF:LWSA3), which fell 8.46% or 0.39 points to trade at 4.22 at the close. Magazine Luiza SA (BVMF:MGLU3) declined 7.56% or 0.96 points to end at 11.74 and MRV Engenharia e Participacoes SA (BVMF:MRVE3) was down 6.02% or 0.44 points to 6.87.

Falling stocks outnumbered advancing ones on the B3 Stock Exchange by 547 to 391 and 49 ended unchanged.

The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 2.14% to 27.00.

Gold Futures for August delivery was down 3.44% or 82.30 to $2,308.60 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July fell 0.36% or 0.27 to hit $75.28 a barrel, while the July US coffee C contract fell 3.96% or 9.27 to trade at $224.93 .

USD/BRL was up 1.34% to 5.33, while EUR/BRL rose 0.59% to 5.75.

The US Dollar Index Futures was up 0.80% at 104.89.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.