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Brazil stocks lower at close of trade; Bovespa down 0.15%

Published 04/03/2018, 04:25 PM
© Reuters.  Brazil stocks lower at close of trade; Bovespa down 0.15%

Investing.com – Brazil stocks were lower after the close on Tuesday, as losses in the Real Estate, Financials and Telecoms sectors led shares lower.

At the close in Sao Paulo, the Bovespa declined 0.15%.

The best performers of the session on the Bovespa were Tim Participacoes SA (SA:TIMP3), which rose 4.46% or 0.63 points to trade at 14.74 at the close. Meanwhile, Natura Cosmeticos SA (SA:NATU3) added 3.01% or 0.95 points to end at 32.54 and Suzano Papel e Celulose SA (SA:SUZB3) was up 2.59% or 0.87 points to 34.40 in late trade.

The worst performers of the session were JBS SA (SA:JBSS3), which fell 3.19% or 0.30 points to trade at 9.10 at the close. Cyrela Brazil Realty SA (SA:CYRE3) declined 2.35% or 0.36 points to end at 14.96 and Ultrapar Participacoes SA (SA:UGPA3) was down 2.28% or 1.60 points to 68.70.

Falling stocks outnumbered advancing ones on the BM&FBovespa Stock Exchange by 228 to 212 and 35 ended unchanged.

Shares in Tim Participacoes SA (SA:TIMP3) rose to all time highs; rising 4.46% or 0.63 to 14.74. Shares in Suzano Papel e Celulose SA (SA:SUZB3) rose to all time highs; rising 2.59% or 0.87 to 34.40. Shares in Ultrapar Participacoes SA (SA:UGPA3) fell to 52-week lows; losing 2.28% or 1.60 to 68.70.

The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was up 1.46% to 33.42 a new 1-month high.

Gold Futures for June delivery was down 0.78% or 10.50 to $1336.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May rose 0.87% or 0.55 to hit $63.56 a barrel, while the May US coffee C contract rose 0.25% or 0.29 to trade at $116.67 .

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USD/BRL was up 0.82% to 3.3406, while EUR/BRL rose 0.14% to 4.0980.

The US Dollar Index Futures was up 0.17% at 89.84.

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