Brazil shares lower at close of trade; Bovespa down 2.09%

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Brazil shares lower at close of trade; Bovespa down 2.09% – Brazil equities were lower at the close on Monday, as losses in the Real Estate , Financials and Consumption sectors propelled shares lower.

At the close in Sao Paulo, the Bovespa lost 2.09%.

The biggest gainers of the session on the Bovespa were Klabin Unt (SA: KLBN11 ), which rose 0.62% or 0.11 points to trade at 17.75 at the close. Vale SA (SA: VALE3 ) added 0.20% or 0.08 points to end at 40.88 and Centrais Eletricas Brasileiras SA (SA: ELET3 ) was unchanged 0.00% or 0.00 points to 19.79 in late trade.

Biggest losers included Cia Siderurgica Nacional SA (SA: CSNA3 ), which lost 5.76% or 0.62 points to trade at 10.15 in late trade. Metalurgica Gerdau SA (SA: GOAU4 ) declined 5.18% or 0.36 points to end at 6.59 and Fleury SA (SA: FLRY3 ) shed 4.71% or 1.39 points to 28.13.

Declining stocks outnumbered rising ones by 347 to 103 and 25 ended unchanged on the BM&FBovespa Stock Exchange.

The CBOE Brazil Etf Volatility , which measures the implied volatility of Bovespa options, was up 31.17% to 42.12 a new 6-month high.

In commodities trading, Gold Futures for April delivery was up 0.28% or 3.70 to $1341.00 a troy ounce. Meanwhile, Crude oil for delivery in March fell 2.46% or 1.61 to hit $63.84 a barrel, while the March US coffee C contract fell 0.46% or 0.55 to trade at $119.83 .

USD/BRL was up 1.39% to 3.2628, while EUR/BRL rose 0.96% to 4.0487.

The US Dollar Index Futures was up 0.35% at 89.35.

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