Brazil shares lower at close of trade; Bovespa down 1.62%

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

At the close in Sao Paulo, the Bovespa fell 1.62% to hit a new 1-month low.

The biggest gainers of the session on the Bovespa were Viavarejo Unt (SA: VVAR11 ), which rose 5.10% or 1.48 points to trade at 30.50 at the close. Companhia Brasileira deDistribuicao (SA: PCAR4 ) added 3.18% or 2.04 points to end at 66.14 and EcoRodovias SA (SA: ECOR3 ) was up 1.72% or 0.15 points to 8.87 in late trade.

Biggest losers included Cia de Saneamento Basico do Estado (SA: SBSP3 ), which lost 8.62% or 3.34 points to trade at 35.39 in late trade. Marfrig Alimentos SA (SA: MRFG3 ) declined 4.58% or 0.27 points to end at 5.63 and Centrais Eletricas Brasileiras SA (SA: ELET6 ) shed 3.92% or 1.04 points to 25.46.

Declining stocks outnumbered rising ones by 270 to 167 and 32 ended unchanged on the BM&FBovespa Stock Exchange.

The CBOE Brazil Etf Volatility , which measures the implied volatility of Bovespa options, was up 2.78% to 32.50 a new 1-month high.

In commodities trading, Gold Futures for April delivery was down 0.77% or 10.50 to $1344.50 a troy ounce. Meanwhile, Crude oil for delivery in May fell 1.02% or 0.67 to hit $64.88 a barrel, while the May US coffee C contract rose 0.58% or 0.68 to trade at $118.85 .

USD/BRL was up 0.42% to 3.3279, while EUR/BRL rose 0.02% to 4.1267.

The US Dollar Index Futures was up 0.37% at 88.97.