Investing.com – Brazil equities were lower at the close on Wednesday, as losses in the Basic Materials, Financials and Industrials sectors propelled shares lower.
At the close in Sao Paulo, the Bovespa declined 1.96%.
The biggest gainers of the session on the Bovespa were JBS SA (SA:JBSS3), which rose 9.05% or 0.67 points to trade at 8.07 at the close. Tim Participacoes SA (SA:TIMP3) added 1.02% or 0.10 points to end at 9.92 and Telefonica Brasil SA (SA:VIVT4) was up 0.56% or 0.26 points to 46.80 in late trade.
Biggest losers included Vale SA (SA:VALE3), which lost 5.00% or 1.43 points to trade at 27.17 in late trade. Vale SA Pref (SA:VALE5) declined 4.62% or 1.25 points to end at 25.79 and Cia Siderurgica Nacional SA (SA:CSNA3) shed 4.46% or 0.32 points to 6.86.
Declining stocks outnumbered rising ones by 250 to 125 and 35 ended unchanged on the Sao Paulo Stock Exchange.
The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 0.85% to 38.29.
In commodities trading, Gold Futures for June delivery was up 0.54% or 6.80 to $1268.90 a troy ounce. Meanwhile, Crude oil for delivery in July fell 1.95% or 0.97 to hit $48.69 a barrel, while the July US coffee C contract fell 2.16% or 2.85 to trade at $129.17 .
USD/BRL was down 0.86% to 3.2296, while EUR/BRL fell 0.36% to 3.6305.
The US Dollar Index Futures was down 0.32% at 96.91.