Brazil shares lower at close of trade; Bovespa down 0.75%

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Brazil shares lower at close of trade; Bovespa down 0.75% – Brazil equities were lower at the close on Friday, as losses in the Basic Materials , Industrials and Financials sectors propelled shares lower.

At the close in Sao Paulo, the Bovespa lost 0.75%.

The biggest gainers of the session on the Bovespa were CEMIG - Companhia Energetica Minas Gerais Pref (SA: CMIG4 ), which rose 7.45% or 0.60 points to trade at 8.65 at the close. Qualicorp SA (SA: QUAL3 ) added 4.84% or 0.60 points to end at 13.00 and Cvc Brasil ON (SA: CVCB3 ) was up 4.80% or 2.20 points to 48.00 in late trade.

Biggest losers included Embraer SA (SA: EMBR3 ), which lost 3.47% or 0.69 points to trade at 19.18 in late trade. Bradespar SA (SA: BRAP4 ) declined 3.02% or 1.09 points to end at 34.98 and Gerdau SA Pref (SA: GGBR4 ) shed 2.53% or 0.41 points to 15.80.

Declining stocks outnumbered rising ones by 255 to 177 and 35 ended unchanged on the BM&FBovespa Stock Exchange.

The CBOE Brazil Etf Volatility , which measures the implied volatility of Bovespa options, was up 6.47% to 55.66 a new 52-week high.

In commodities trading, Gold Futures for December delivery was up 0.52% or 6.20 to $1207.80 a troy ounce. Meanwhile, Crude oil for delivery in November rose 0.07% or 0.05 to hit $74.38 a barrel, while the December US coffee C contract rose 2.13% or 2.28 to trade at $109.08 .

USD/BRL was down 0.57% to 3.8516, while EUR/BRL fell 0.52% to 4.4371.

The US Dollar Index Futures was down 0.13% at 95.31.

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