Brazil stocks lower at close of trade; Bovespa down 1.77%

16/04/2018 20:25:00 Stock Market

Brazil stocks were lower after the close on Monday, as losses in the Financials, Real Estate and Public Utilities sectors led shares lower.

At the close in Sao Paulo, the Bovespa lost 1.77% to hit a new 1-month low.

The best performers of the session on the Bovespa were Suzano Papel e Celulose SA (SA:SUZB3), which rose 1.54% or 0.56 points to trade at 36.81 at the close. Meanwhile, Klabin Unt (SA:KLBN11) added 1.08% or 0.22 points to end at 20.60 and EDP - Energias do Brasil SA (SA:ENBR3) was up 0.52% or 0.07 points to 13.52 in late trade.

The worst performers of the session were Usinas Siderurgicas de Minas Gerais (SA:USIM5), which fell 4.28% or 0.45 points to trade at 10.07 at the close. B3 SA Brasil Bolsa Balcao (SA:B3SA3) declined 3.94% or 1.04 points to end at 25.38 and Cia Paranaense de Energia (SA:CPLE6) was down 3.80% or 0.97 points to 24.53.

Falling stocks outnumbered advancing ones on the BM&FBovespa Stock Exchange by 278 to 150 and 29 ended unchanged.

The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 0.23% to 30.08.

Gold Futures for June delivery was up 0.07% or 1.00 to $1348.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May fell 1.56% or 1.05 to hit $66.34 a barrel, while the July US coffee C contract fell 2.41% or 2.88 to trade at $116.62 .

USD/BRL was down 0.32% to 3.4110, while EUR/BRL rose 0.09% to 4.2232.

The US Dollar Index Futures was down 0.42% at 89.13.