Investing.com – Brazil stocks were lower after the close on Thursday, as losses in the Basic Materials, Public Utilities and Electric Power sectors led shares lower.
At the close in Sao Paulo, the Bovespa declined 1.43%.
The best performers of the session on the Bovespa were ALL America Latina Logistica SA (SA:RUMO3), which rose 12.99% or 0.43 points to trade at 3.74 at the close. Meanwhile, JBS SA (SA:JBSS3) added 6.21% or 0.57 points to end at 9.75 and EcoRodovias SA (SA:ECOR3) was up 3.11% or 0.21 points to 6.97 in late trade.
The worst performers of the session were Gerdau SA (SA:GGBR4), which fell 10.54% or 0.88 points to trade at 7.47 at the close. Cia Siderurgica Nacional SA (SA:CSNA3) declined 11.98% or 1.56 points to end at 11.46 and Usinas Siderurgicas de Minas Gerais (SA:USIM5) was down 9.91% or 0.22 points to 2.00.
Falling stocks outnumbered advancing ones on the Sao Paulo Stock Exchange by 169 to 118 and 26 ended unchanged.
The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 5.79% to 52.41.
Gold for June delivery was down 1.65% or 20.60 to $1227.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May fell 0.69% or 0.29 to hit $41.47 a barrel, while the May US coffee C contract rose 0.84% or 1.03 to trade at $123.08 .
USD/BRL was down 0.64% to 3.4760, while EUR/BRL fell 0.78% to 3.9137.
The US Dollar Index was up 0.16% at 94.96.