Brazil shares lower at close of trade; Bovespa down 1.55%

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Brazil shares lower at close of trade; Bovespa down 1.55%
Credit: © Reuters. – Brazil equities were lower at the close on Monday, as losses in the Real Estate , Financials and Electric Power sectors propelled shares lower.

At the close in Sao Paulo, the Bovespa fell 1.55%.

The biggest gainers of the session on the Bovespa were Braskem SA (SA: BRKM5 ), which rose 11.96% or 5.69 points to trade at 53.25 at the close. CPFL Energia SA (SA: CPFE3 ) added 0.26% or 0.07 points to end at 27.51 and Ambev SA (SA: ABEV3 ) was up 0.24% or 0.05 points to 20.96 in late trade.

Biggest losers included MRV Engenharia e Participacoes SA (SA: MRVE3 ), which lost 5.85% or 0.80 points to trade at 12.87 in late trade. Cia Siderurgica Nacional SA (SA: CSNA3 ) declined 5.63% or 0.51 points to end at 8.55 and Metalurgica Gerdau SA (SA: GOAU4 ) shed 5.09% or 0.28 points to 5.22.

Declining stocks outnumbered rising ones by 280 to 136 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 11.06% to 35.04 a new 3-month high.

In commodities trading, Gold Futures for December delivery was up 0.41% or 5.21 to $1277.01 a troy ounce. Meanwhile, Crude oil for delivery in December rose 0.41% or 0.22 to hit $54.12 a barrel, while the December US coffee C contract fell 0.62% or 0.78 to trade at $125.80 .

USD/BRL was down 0.00% to 3.2889, while EUR/BRL fell 0.04% to 3.8319.

The US Dollar Index Futures was down 0.36% at 94.38.

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