Brazil shares lower at close of trade; Bovespa down 0.94%

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Brazil shares lower at close of trade; Bovespa down 0.94% – Brazil equities were lower at the close on Thursday, as losses in the Electric Power , Public Utilities and Telecoms sectors propelled shares lower.

At the close in Sao Paulo, the Bovespa fell 0.94% to hit a new 3-month low.

The biggest gainers of the session on the Bovespa were BRF SA (SA: BRFS3 ), which rose 6.40% or 1.37 points to trade at 22.79 at the close. Suzano Papel e Celulose SA (SA: SUZB3 ) added 6.27% or 2.68 points to end at 45.39 and Braskem SA (SA: BRKM5 ) was up 5.57% or 2.56 points to 48.48 in late trade.

Biggest losers included Petroleo Brasileiro SA (SA: PETR3 ), which lost 14.55% or 3.95 points to trade at 23.20 in late trade. Petroleo Brasileiro SA PN (SA: PETR4 ) declined 13.24% or 3.08 points to end at 20.19 and Centrais Eletricas Brasileiras SA (SA: ELET6 ) shed 6.51% or 1.22 points to 17.53.

Declining stocks outnumbered rising ones by 256 to 183 and 25 ended unchanged on the BM&FBovespa Stock Exchange.

The CBOE Brazil Etf Volatility , which measures the implied volatility of Bovespa options, was down 1.80% to 31.01.

In commodities trading, Gold Futures for June delivery was up 1.14% or 14.70 to $1304.30 a troy ounce. Meanwhile, Crude oil for delivery in July fell 1.60% or 1.15 to hit $70.69 a barrel, while the July US coffee C contract rose 0.93% or 1.11 to trade at $120.58 .

USD/BRL was up 0.38% to 3.6420, while EUR/BRL rose 0.62% to 4.2711.

The US Dollar Index Futures was down 0.20% at 93.72.

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