Brazil shares lower at close of trade; Bovespa down 0.77%

Investing.com – Brazil equities were lower at the close on Tuesday, as losses in the Financials , Real Estate and Electric Power sectors propelled shares lower.

At the close in Sao Paulo, the Bovespa declined 0.77%.

The biggest gainers of the session on the Bovespa were Suzano Papel e Celulose SA (SA: SUZB3 ), which rose 6.17% or 2.11 points to trade at 36.31 at the close. EDP - Energias do Brasil SA (SA: ENBR3 ) added 2.98% or 0.41 points to end at 14.16 and Vale SA (SA: VALE3 ) was up 2.59% or 1.42 points to 56.27 in late trade.

Biggest losers included Petroleo Brasileiro SA (SA: PETR3 ), which lost 4.61% or 1.29 points to trade at 26.70 in late trade. Tim Participacoes SA (SA: TIMP3 ) declined 4.55% or 0.54 points to end at 11.33 and Petroleo Brasileiro SA PN (SA: PETR4 ) shed 4.30% or 1.09 points to 24.24.

Declining stocks outnumbered rising ones by 254 to 155 and 27 ended unchanged on the BM&FBovespa Stock Exchange.

The CBOE Brazil Etf Volatility , which measures the implied volatility of Bovespa options, was down 1.89% to 40.40.

In commodities trading, Gold Futures for December delivery was up 0.01% or 0.10 to $1201.40 a troy ounce. Meanwhile, Crude oil for delivery in December fell 8.01% or 4.80 to hit $55.13 a barrel, while the December US coffee C contract fell 0.82% or 0.90 to trade at $109.25 .

USD/BRL was up 0.94% to 3.8031, while EUR/BRL rose 1.47% to 4.2886.

The US Dollar Index Futures was down 0.31% at 97.08.