Investing.com – Brazil stocks were lower after the close on Friday, as losses in the Basic Materials, Financials and Public Utilities sectors led shares lower.
At the close in Sao Paulo, the Bovespa declined 0.79%.
The best performers of the session on the Bovespa were BR Properties SA (SA:BRPR3), which rose 4.59% or 0.38 points to trade at 8.65 at the close. Meanwhile, Natura Cosmeticos SA (SA:NATU3) added 3.20% or 0.80 points to end at 25.78 and JBS SA (SA:JBSS3) was up 2.83% or 0.35 points to 12.71 in late trade.
The worst performers of the session were Metalurgica Gerdau SA (SA:GOAU4), which fell 7.10% or 0.11 points to trade at 1.44 at the close. Tim Participacoes SA (SA:TIMP3) declined 5.14% or 0.36 points to end at 6.64 and Vale SA (SA:VALE5) was down 4.29% or 0.43 points to 9.59.
Falling stocks outnumbered advancing ones on the Sao Paulo Stock Exchange by 162 to 138 and 8 ended unchanged.
Shares in Metalurgica Gerdau SA (SA:GOAU4) fell to 5-year lows; losing 7.10% or 0.11 to 1.44. Shares in Tim Participacoes SA (SA:TIMP3) fell to 3-years lows; falling 5.14% or 0.36 to 6.64.
The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was up 5.81% to 52.96 a new 1-month high.
Gold for February delivery was up 0.66% or 7.10 to $1079.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January fell 2.97% or 1.09 to hit $35.67 a barrel, while the March US coffee C contract fell 4.00% or 5.05 to trade at $121.28 .
USD/BRL was up 1.46% to 3.8683, while EUR/BRL rose 1.89% to 4.2499.
The US Dollar Index was down 0.34% at 97.58.