Brazil shares lower at close of trade; Bovespa down 1.08%

Investing.com – Brazil equities were lower at the close on Wednesday, as losses in the Industrials , Basic Materials and Financials sectors propelled shares lower.

At the close in Sao Paulo, the Bovespa declined 1.08%.

The biggest gainers of the session on the Bovespa were B2W Cia Digital (SA: BTOW3 ), which rose 4.06% or 1.49 points to trade at 38.15 at the close. CEMIG - Companhia Energetica Minas Gerais Pref (SA: CMIG4 ) added 2.92% or 0.37 points to end at 13.02 and RUMO Logistica Operadora Multimodal SA (SA: RAIL3 ) was up 2.15% or 0.35 points to 16.60 in late trade.

Biggest losers included Centrais Eletricas Brasileiras SA (SA: ELET3 ), which lost 4.11% or 1.02 points to trade at 23.80 in late trade. Telefonica Brasil SA (SA: VIVT4 ) declined 3.98% or 1.93 points to end at 46.57 and Centrais Eletricas Brasileiras SA (SA: ELET6 ) shed 3.90% or 1.12 points to 27.57.

Declining stocks outnumbered rising ones by 231 to 183 and 33 ended unchanged on the BM&FBovespa Stock Exchange.

The CBOE Brazil Etf Volatility , which measures the implied volatility of Bovespa options, was up 1.93% to 35.35.

In commodities trading, Gold Futures for February delivery was down 0.49% or 6.10 to $1247.50 a troy ounce. Meanwhile, Crude oil for delivery in February rose 1.82% or 0.85 to hit $47.45 a barrel, while the March US coffee C contract rose 1.51% or 1.50 to trade at $100.90 .

USD/BRL was down 0.36% to 3.8984, while EUR/BRL fell 0.24% to 4.4341.

The US Dollar Index Futures was down 0.11% at 96.463.