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Brazil stocks lower at close of trade; Bovespa down 1.92%

Published 09/04/2018, 04:25 PM
© Reuters.  Brazil stocks lower at close of trade; Bovespa down 1.92%
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Investing.com – Brazil stocks were lower after the close on Tuesday, as losses in the Consumption, Financials and Electric Power sectors led shares lower.

At the close in Sao Paulo, the Bovespa fell 1.92% to hit a new 1-month low.

The best performers of the session on the Bovespa were BRF SA (SA:BRFS3), which rose 3.09% or 0.63 points to trade at 21.03 at the close. Meanwhile, Suzano Papel e Celulose SA (SA:SUZB3) added 2.75% or 1.35 points to end at 50.39 and Marfrig Alimentos SA (SA:MRFG3) was up 2.32% or 0.13 points to 5.73 in late trade.

The worst performers of the session were Viavarejo Unt (SA:VVAR11), which fell 7.42% or 1.21 points to trade at 15.09 at the close. Gol Linhas Aereas Inteligentes SA Pref (SA:GOLL4) declined 6.81% or 0.74 points to end at 10.12 and Magazine Luiza SA (SA:MGLU3) was down 6.53% or 8.26 points to 118.20.

Falling stocks outnumbered advancing ones on the BM&FBovespa Stock Exchange by 283 to 186 and 30 ended unchanged.

Shares in Viavarejo Unt (SA:VVAR11) fell to 52-week lows; down 7.42% or 1.21 to 15.09. Shares in Gol Linhas Aereas Inteligentes SA Pref (SA:GOLL4) fell to 52-week lows; falling 6.81% or 0.74 to 10.12.

The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was up 10.83% to 51.70 a new 52-week high.

Gold Futures for December delivery was down 0.77% or 9.30 to $1197.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October fell 0.56% or 0.39 to hit $69.41 a barrel, while the December US coffee C contract fell 0.12% or 0.12 to trade at $101.35 .

USD/BRL was down 0.13% to 4.1533, while EUR/BRL fell 0.41% to 4.8118.

The US Dollar Index Futures was up 0.29% at 95.35.

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