Brazil shares lower at close of trade; Bovespa down 0.27%

Investing.com – Brazil equities were lower at the close on Thursday, as losses in the Public Utilities , Electric Power and Financials sectors propelled shares lower.

At the close in Sao Paulo, the Bovespa declined 0.27%.

The biggest gainers of the session on the Bovespa were EcoRodovias SA (SA: ECOR3 ), which rose 6.00% or 0.45 points to trade at 7.95 at the close. Metalurgica Gerdau SA (SA: GOAU4 ) added 4.11% or 0.27 points to end at 6.84 and Gerdau SA Pref (SA: GGBR4 ) was up 3.98% or 0.58 points to 15.16 in late trade.

Biggest losers included Embraer SA (SA: EMBR3 ), which lost 14.29% or 3.85 points to trade at 23.10 in late trade. Centrais Eletricas Brasileiras SA (SA: ELET3 ) declined 8.60% or 1.36 points to end at 14.45 and Centrais Eletricas Brasileiras SA (SA: ELET6 ) shed 6.15% or 1.10 points to 16.80.

Declining stocks outnumbered rising ones by 211 to 183 and 24 ended unchanged on the BM&FBovespa Stock Exchange.

The CBOE Brazil Etf Volatility , which measures the implied volatility of Bovespa options, was up 0.09% to 34.78.

In commodities trading, Gold Futures for August delivery was up 0.37% or 4.60 to $1258.10 a troy ounce. Meanwhile, Crude oil for delivery in August fell 1.50% or 1.11 to hit $73.03 a barrel, while the September US coffee C contract fell 2.75% or 3.08 to trade at $108.97 .

USD/BRL was up 0.41% to 3.9296, while EUR/BRL rose 0.70% to 4.5938.

The US Dollar Index Futures was down 0.04% at 94.15.