Investing.com – Brazil stocks were lower after the close on Tuesday, as losses in the Financials, Real Estate and Electric Power sectors led shares lower.
At the close in Sao Paulo, the Bovespa fell 3.56%.
The best performers of the session on the Bovespa were Suzano Papel e Celulose SA (SA:SUZB5), which rose 8.31% or 1.06 points to trade at 13.81 at the close. Meanwhile, Fibria Celulose SA (SA:FIBR3) added 7.60% or 2.45 points to end at 34.70 and Embraer SA (SA:EMBR3) was up 3.95% or 0.89 points to 23.42 in late trade.
The worst performers of the session were Banco do Brasil SA (SA:BBAS3), which fell 21.17% or 4.70 points to trade at 17.50 at the close. Metalurgica Gerdau SA (SA:GOAU4) declined 18.91% or 0.38 points to end at 1.63 and Usinas Siderurgicas de Minas Gerais (SA:USIM5) was down 15.68% or 0.29 points to 1.56.
Falling stocks outnumbered advancing ones on the Sao Paulo Stock Exchange by 201 to 105 and 20 ended unchanged.
The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was up 7.06% to 54.26 a new 1-month high.
Gold for April delivery was down 0.88% or 11.00 to $1234.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April fell 1.69% or 0.63 to hit $36.55 a barrel, while the May US coffee C contract fell 1.25% or 1.59 to trade at $125.58 .
USD/BRL was up 2.98% to 3.7705, while EUR/BRL rose 2.98% to 4.1863.
The US Dollar Index was up 0.04% at 96.64.