Brazil shares lower at close of trade; Bovespa down 1.96%

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Brazil shares lower at close of trade; Bovespa down 1.96%
Credit: © Reuters. – Brazil equities were lower at the close on Wednesday, as losses in the Basic Materials , Financials and Industrials sectors propelled shares lower.

At the close in Sao Paulo, the Bovespa declined 1.96%.

The biggest gainers of the session on the Bovespa were JBS SA (SA: JBSS3 ), which rose 9.05% or 0.67 points to trade at 8.07 at the close. Tim Participacoes SA (SA: TIMP3 ) added 1.02% or 0.10 points to end at 9.92 and Telefonica Brasil SA (SA: VIVT4 ) was up 0.56% or 0.26 points to 46.80 in late trade.

Biggest losers included Vale SA (SA: VALE3 ), which lost 5.00% or 1.43 points to trade at 27.17 in late trade. Vale SA Pref (SA: VALE5 ) declined 4.62% or 1.25 points to end at 25.79 and Cia Siderurgica Nacional SA (SA: CSNA3 ) shed 4.46% or 0.32 points to 6.86.

Declining stocks outnumbered rising ones by 250 to 125 and 35 ended unchanged on the Sao Paulo Stock Exchange.

The CBOE Brazil Etf Volatility , which measures the implied volatility of Bovespa options, was down 0.85% to 38.29.

In commodities trading, Gold Futures for June delivery was up 0.54% or 6.80 to $1268.90 a troy ounce. Meanwhile, Crude oil for delivery in July fell 1.95% or 0.97 to hit $48.69 a barrel, while the July US coffee C contract fell 2.16% or 2.85 to trade at $129.17 .

USD/BRL was down 0.86% to 3.2296, while EUR/BRL fell 0.36% to 3.6305.

The US Dollar Index Futures was down 0.32% at 96.91.

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