Brazil shares lower at close of trade; Bovespa down 1.35%

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

At the close in Sao Paulo, the Bovespa fell 1.35%.

The biggest gainers of the session on the Bovespa were Tim Participacoes SA (SA: TIMP3 ), which rose 8.00% or 0.60 points to trade at 8.10 at the close. Petroleo Brasileiro SA (SA: PETR3 ) added 4.54% or 0.56 points to end at 12.90 and Usinas Siderurgicas de Minas Gerais (SA: USIM5 ) was up 3.59% or 0.09 points to 2.60 in late trade.

Biggest losers included Vale SA (SA: VALE3 ), which lost 11.17% or 2.43 points to trade at 19.33 in late trade. Smiles ON (SA: SMLE3 ) declined 9.10% or 3.79 points to end at 37.86 and Vale SA (SA: VALE5 ) shed 8.21% or 1.37 points to 15.31.

Declining stocks outnumbered rising ones by 167 to 118 and 25 ended unchanged on the Sao Paulo Stock Exchange.

The CBOE Brazil Etf Volatility , which measures the implied volatility of Bovespa options, was down 3.82% to 42.55 a new 3-month low.

In commodities trading, Gold for June delivery was down 1.22% or 15.20 to $1235.10 a troy ounce. Meanwhile, Crude oil for delivery in June rose 1.46% or 0.63 to hit $43.81 a barrel, while the July US coffee C contract fell 0.67% or 0.83 to trade at $123.25 .

USD/BRL was up 0.94% to 3.5718, while EUR/BRL rose 0.45% to 4.0119.

The US Dollar Index was up 0.44% at 95.04.