Brazil shares lower at close of trade; Bovespa down 1.55%

Investing.com – Brazil equities were lower at the close on Monday, as losses in the Electric Power , Public Utilities and Real Estate sectors propelled shares lower.

At the close in Sao Paulo, the Bovespa declined 1.55%.

The biggest gainers of the session on the Bovespa were Braskem SA (SA: BRKM5 ), which rose 6.23% or 1.50 points to trade at 25.56 at the close. Fibria Celulose SA (SA: FIBR3 ) added 6.19% or 1.88 points to end at 32.25 and Suzano Papel e Celulose SA (SA: SUZB5 ) was up 5.02% or 0.61 points to 12.75 in late trade.

Biggest losers included Petroleo Brasileiro SA (SA: PETR4 ), which lost 8.53% or 0.69 points to trade at 7.40 in late trade. Usinas Siderurgicas de Minas Gerais (SA: USIM5 ) declined 8.42% or 0.17 points to end at 1.85 and ALL America Latina Logistica SA (SA: RUMO3 ) shed 8.15% or 0.29 points to 3.27.

Declining stocks outnumbered rising ones by 169 to 152 and 22 ended unchanged on the Sao Paulo Stock Exchange.

The CBOE Brazil Etf Volatility , which measures the implied volatility of Bovespa options, was down 0.96% to 50.68.

In commodities trading, Gold for April delivery was down 1.90% or 23.90 to $1235.50 a troy ounce. Meanwhile, Crude oil for delivery in April fell 2.96% or 1.14 to hit $37.36 a barrel, while the May US coffee C contract rose 1.02% or 1.29 to trade at $127.17 .

USD/BRL was up 2.05% to 3.6552, while EUR/BRL rose 1.59% to 4.0589.

The US Dollar Index was up 0.38% at 96.59.