Investing.com – Brazil stocks were lower after the close on Wednesday, as losses in the Basic Materials, Financials and Industrials sectors led shares lower.
At the close in Sao Paulo, the Bovespa declined 0.84%.
The best performers of the session on the Bovespa were Tim Participacoes SA (SA:TIMP3), which rose 3.32% or 0.32 points to trade at 9.96 at the close. Meanwhile, Natura Cosmeticos SA (SA:NATU3) added 2.64% or 0.73 points to end at 28.40 and Marcopolo SA (SA:POMO4) was up 2.36% or 0.06 points to 2.60 in late trade.
The worst performers of the session were Qualicorp SA (SA:QUAL3), which fell 4.13% or 0.86 points to trade at 19.94 at the close. Braskem SA (SA:BRKM5) declined 4.05% or 0.57 points to end at 13.52 and Metalurgica Gerdau SA (SA:GOAU4) was down 3.42% or 0.25 points to 7.05.
Falling stocks outnumbered advancing ones on the Sao Paulo Stock Exchange by 175 to 119 and 9 ended unchanged.
The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 3.16% to 30.33.
Gold for August delivery was down 0.04% or 0.50 to $1185.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August fell 0.55% or 0.33 to hit $60.12 a barrel, while the July US coffee C contract fell 1.57% or 2.02 to trade at $126.60 .
USD/BRL was down 1.14% to 3.0558, while EUR/BRL fell 0.31% to 3.4636.
The US Dollar Index was down 0.77% at 94.48.