Investing.com – Brazil stocks were lower after the close on Thursday, as losses in the Financials, Real Estate and Electric Power sectors led shares lower.
At the close in Sao Paulo, the Bovespa lost 2.18% to hit a new 3-months low.
The best performers of the session on the Bovespa were Suzano Papel e Celulose SA (SA:SUZB5), which rose 4.38% or 0.65 points to trade at 15.50 at the close. Meanwhile, Fibria Celulose SA (SA:FIBR3) added 3.69% or 1.55 points to end at 43.53 and Usinas Siderurgicas de Minas Gerais (SA:USIM5) was up 3.48% or 0.13 points to 3.87 in late trade.
The worst performers of the session were Localiza Rent a Car SA (SA:RENT3), which fell 6.94% or 2.11 points to trade at 28.29 at the close. BR Malls Participacoes SA (SA:BRML3) declined 6.02% or 0.82 points to end at 12.81 and ALL America Latina Logistica SA (SA:RUMO3) was down 5.77% or 0.06 points to 0.98.
Falling stocks outnumbered advancing ones on the Sao Paulo Stock Exchange by 207 to 95 and 5 ended unchanged.
Shares in Localiza Rent a Car SA (SA:RENT3) fell to 3-years lows; falling 6.94% or 2.11 to 28.29. Shares in BR Malls Participacoes SA (SA:BRML3) fell to 3-years lows; losing 6.02% or 0.82 to 12.81. Shares in ALL America Latina Logistica SA (SA:RUMO3) fell to all time lows; losing 5.77% or 0.06 to 0.98.
The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was up 8.87% to 35.24 a new 3-months high.
Gold for August delivery was up 0.02% or 0.20 to $1088.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September unchanged 0.00% or 0.00 to hit $48.79 a barrel, while the September US coffee C contract fell 2.93% or 3.67 to trade at $121.85 .
USD/BRL was up 2.16% to 3.2927, while EUR/BRL rose 2.75% to 3.6192.
The US Dollar Index was down 0.35% at 97.28.