Brazil shares lower at close of trade; Bovespa down 2.68%

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Brazil shares lower at close of trade; Bovespa down 2.68% – Brazil equities were lower at the close on Wednesday, as losses in the Real Estate , Public Utilities and Financials sectors propelled shares lower.

At the close in Sao Paulo, the Bovespa declined 2.68%.

The biggest gainers of the session on the Bovespa were Suzano Papel e Celulose SA (SA: SUZB3 ), which rose 2.22% or 0.91 points to trade at 41.91 at the close. Fibria Celulose SA (SA: FIBR3 ) added 1.47% or 1.05 points to end at 72.40 and Embraer SA (SA: EMBR3 ) was up 1.39% or 0.26 points to 18.96 in late trade.

Biggest losers included Gol Linhas Aereas Inteligentes SA Pref (SA: GOLL4 ), which lost 10.92% or 1.62 points to trade at 13.21 in late trade. Centrais Eletricas Brasileiras SA (SA: ELET3 ) declined 9.21% or 2.10 points to end at 20.71 and Centrais Eletricas Brasileiras SA (SA: ELET6 ) shed 8.36% or 2.24 points to 24.55.

Declining stocks outnumbered rising ones by 350 to 130 and 30 ended unchanged on the BM&FBovespa Stock Exchange.

The CBOE Brazil Etf Volatility , which measures the implied volatility of Bovespa options, was up 13.13% to 51.01.

In commodities trading, Gold Futures for December delivery was up 0.48% or 5.70 to $1197.20 a troy ounce. Meanwhile, Crude oil for delivery in November fell 2.84% or 2.13 to hit $72.83 a barrel, while the December US coffee C contract fell 1.41% or 1.60 to trade at $111.70 .

USD/BRL was up 1.21% to 3.7575, while EUR/BRL rose 1.49% to 4.3304.

The US Dollar Index Futures was down 0.18% at 95.19.

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