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Brazil stocks lower at close of trade; Bovespa down 0.38%

Investing.com – Brazil stocks were lower after the close on Tuesday, as losses in the Basic Materials, Telecoms and Industrials sectors led shares lower.

At the close in Sao Paulo, the Bovespa declined 0.38%.

The best performers of the session on the Bovespa were Cogna Educacao SA (BVMF:COGN3), which rose 12.70% or 0.16 points to trade at 1.42 at the close. Meanwhile, Azul SA Pref (BVMF:AZUL4) added 7.48% or 0.43 points to end at 6.18 and YDUQS Participacoes SA (BVMF:YDUQ3) was up 5.32% or 0.54 points to 10.69 in late trade.

The worst performers of the session were Companhia Siderurgica Nacional (BVMF:CSNA3), which fell 4.70% or 0.60 points to trade at 12.16 at the close. Usinas Siderurgicas de Minas Gerais SA USIMINAS Pref (BVMF:USIM5) declined 4.14% or 0.26 points to end at 6.02 and CSN Mineracao SA (BVMF:CMIN3) was down 3.66% or 0.23 points to 6.05.

Rising stocks outnumbered declining ones on the B3 Stock Exchange by 491 to 429 and 60 ended unchanged.

The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 0.60% to 31.44.

Gold Futures for December delivery was down 1.05% or 28.05 to $2,637.95 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 4.32% or 3.33 to hit $73.81 a barrel, while the December US coffee C contract rose 1.42% or 3.48 to trade at $248.13 .

USD/BRL was up 0.80% to 5.53, while EUR/BRL rose 0.92% to 6.07.

The US Dollar Index Futures was down 0.06% at 102.24.

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