Investing.com – Brazil stocks were lower after the close on Thursday, as losses in the Basic Materials, Financials and Industrials sectors led shares lower.
At the close in Sao Paulo, the Bovespa declined 2.49%.
The best performers of the session on the Bovespa were Localiza Rent a Car SA (SA:RENT3), which fell 0.34% or 0.13 points to trade at 37.62 at the close. Meanwhile, CPFL Energia SA (SA:CPFE3) fell 0.37% or 0.09 points to end at 24.01 and Ultrapar Participacoes SA (SA:UGPA3) was down 0.51% or 0.36 points to 70.00 in late trade.
The worst performers of the session were ALL America Latina Logistica SA (SA:RUMO3), which fell 7.83% or 0.540 points to trade at 6.360 at the close. Braskem SA (SA:BRKM5) declined 7.12% or 2.04 points to end at 26.60 and Usinas Siderurgicas de Minas Gerais (SA:USIM5) was down 6.32% or 0.27 points to 4.00.
Falling stocks outnumbered advancing ones on the Sao Paulo Stock Exchange by 264 to 106 and 19 ended unchanged.
The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was up 1.95% to 38.10 a new 1-month high.
Gold for December delivery was down 0.28% or 3.60 to $1304.60 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December fell 1.57% or 0.71 to hit $44.63 a barrel, while the December US coffee C contract rose 1.68% or 2.73 to trade at $165.68 .
USD/BRL was up 0.19% to 3.2419, while EUR/BRL rose 0.26% to 3.6004.
The US Dollar Index was down 0.22% at 97.18.