Brazil stocks lower at close of trade; Bovespa down 1.60%

Brazil stocks lower at close of trade; Bovespa down 1.60%

May 25, 2018

Investing.com – Brazil stocks were lower after the close on Friday, as losses in the Basic Materials, Financials and Consumption sectors led shares lower.

At the close in Sao Paulo, the Bovespa declined 1.60% to hit a new 3-months low.

The best performers of the session on the Bovespa were Centrais Eletricas Brasileiras SA (SA:ELET6), which rose 3.08% or 0.54 points to trade at 18.07 at the close. Meanwhile, EDP - Energias do Brasil SA (SA:ENBR3) added 2.14% or 0.29 points to end at 13.84 and Gol Linhas Aereas Inteligentes SA Pref (SA:GOLL4) was up 1.70% or 0.24 points to 14.39 in late trade.

The worst performers of the session were Usinas Siderurgicas de Minas Gerais (SA:USIM5), which fell 6.15% or 0.59 points to trade at 9.01 at the close. Cia Siderurgica Nacional SA (SA:CSNA3) declined 5.00% or 0.43 points to end at 8.17 and CEMIG - Companhia Energetica Minas Gerais Pref (SA:CMIG4) was down 4.78% or 0.39 points to 7.77.

Falling stocks outnumbered advancing ones on the BM&FBovespa Stock Exchange by 255 to 134 and 49 ended unchanged.

The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 0.03% to 31.00.

Gold Futures for June delivery was down 0.31% or 4.00 to $1300.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July fell 4.43% or 3.13 to hit $67.58 a barrel, while the July US coffee C contract unchanged 0.00% or 0.00 to trade at $120.58 .

USD/BRL was up 0.37% to 3.6612, while EUR/BRL fell 0.14% to 4.2687.

The US Dollar Index Futures was up 0.45% at 94.14.

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