Brazil shares lower at close of trade; Bovespa down 2.29%

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

At the close in Sao Paulo, the Bovespa fell 2.29%.

The biggest gainers of the session on the Bovespa were Ambev SA (SA: ABEV3 ), which rose 4.60% or 0.79 points to trade at 17.95 at the close. Raia Drogasil SA (SA: RADL3 ) added 4.53% or 2.82 points to end at 65.11 and Engie Brasil Energia SA (SA: EGIE3 ) was up 3.81% or 1.60 points to 43.60 in late trade.

Biggest losers included Vale SA (SA: VALE3 ), which lost 24.52% or 13.77 points to trade at 42.38 in late trade. Bradespar SA (SA: BRAP4 ) declined 24.49% or 8.57 points to end at 26.43 and Cia Siderurgica Nacional SA (SA: CSNA3 ) shed 5.69% or 0.59 points to 9.78.

Declining stocks outnumbered rising ones by 259 to 207 and 21 ended unchanged on the BM&FBovespa Stock Exchange.

The CBOE Brazil Etf Volatility , which measures the implied volatility of Bovespa options, was up 4.51% to 33.83.

In commodities trading, Gold Futures for February delivery was up 0.30% or 3.85 to $1301.95 a troy ounce. Meanwhile, Crude oil for delivery in March fell 2.85% or 1.53 to hit $52.16 a barrel, while the March US coffee C contract fell 4.12% or 4.40 to trade at $102.40 .

USD/BRL was down 0.20% to 3.7619, while EUR/BRL fell 0.02% to 4.2987.

The US Dollar Index Futures was down 0.03% at 95.433.