Brazil stocks lower at close of trade; Bovespa down 2.84%

Aug 10, 2018

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

At the close in Sao Paulo, the Bovespa lost 2.84%.

The best performers of the session on the Bovespa were Suzano Papel e Celulose SA (SA:SUZB3), which rose 3.82% or 1.68 points to trade at 45.68 at the close. Meanwhile, Cvc Brasil ON (SA:CVCB3) added 2.31% or 0.99 points to end at 43.79 and Fibria Celulose SA (SA:FIBR3) was up 0.67% or 0.50 points to 75.30 in late trade.

The worst performers of the session were B2W Cia Digital (SA:BTOW3), which fell 9.00% or 2.70 points to trade at 27.30 at the close. Usinas Siderurgicas de Minas Gerais (SA:USIM5) declined 7.27% or 0.62 points to end at 7.91 and Natura Cosmeticos SA (SA:NATU3) was down 7.06% or 1.98 points to 26.05.

Falling stocks outnumbered advancing ones on the BM&FBovespa Stock Exchange by 315 to 124 and 31 ended unchanged.

Shares in Fibria Celulose SA (SA:FIBR3) rose to all time highs; gaining 0.67% or 0.50 to 75.30.

The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was up 9.83% to 38.56 a new 1-month high.

Gold Futures for December delivery was down 0.07% or 0.80 to $1219.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September rose 1.36% or 0.91 to hit $67.72 a barrel, while the September US Coffee C contract fell 0.49% or 0.53 to trade at $107.00 .

USD/BRL was up 1.54% to 3.8599, while EUR/BRL rose 0.52% to 4.4044.

The US Dollar Index Futures was up 0.74% at 96.17.