Investing.com – Brazil stocks were lower after the close on Tuesday, as losses in the Basic Materials, Financials and Industrials sectors led shares lower.
At the close in Sao Paulo, the Bovespa fell 2.55% to hit a new 1-month low.
The best performers of the session on the Bovespa were Localiza Rent a Car SA (SA:RENT3), which rose 5.35% or 3.06 points to trade at 60.22 at the close. Meanwhile, Centrais Eletricas Brasileiras SA (SA:ELET3) added 2.41% or 0.50 points to end at 21.22 and Kroton Educacional SA (SA:KROT3) was up 2.07% or 0.36 points to 17.77 in late trade.
The worst performers of the session were Usinas Siderurgicas de Minas Gerais (SA:USIM5), which fell 8.68% or 0.77 points to trade at 8.10 at the close. Metalurgica Gerdau SA (SA:GOAU4) declined 5.93% or 0.31 points to end at 4.92 and Smiles Fidelidade SA (SA:SMLS3) was down 5.38% or 4.44 points to 78.05.
Falling stocks outnumbered advancing ones on the BM&FBovespa Stock Exchange by 301 to 92 and 26 ended unchanged.
The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was up 6.15% to 33.15.
Gold Futures for December delivery was down 0.35% or 4.43 to $1277.17 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December fell 0.21% or 0.12 to hit $57.23 a barrel, while the December US coffee C contract fell 0.72% or 0.90 to trade at $124.72 .
USD/BRL was up 0.69% to 3.2717, while EUR/BRL rose 0.52% to 3.7925.
The US Dollar Index Futures was up 0.16% at 94.77.