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Brazil stocks lower at close of trade; Bovespa down 1.13%

2024/10/10 17

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

At the close in Sao Paulo, the Bovespa lost 1.13% to hit a new 1-month low.

The best performers of the session on the Bovespa were Usinas Siderurgicas de Minas Gerais SA USIMINAS Pref (BVMF:USIM5), which rose 4.49% or 0.27 points to trade at 6.29 at the close. Meanwhile, Companhia Brasileira De Distribuica (BVMF:PCAR3) added 3.67% or 0.11 points to end at 3.11 and JBS SA (BVMF:JBSS3) was up 0.74% or 0.24 points to 32.59 in late trade.

The worst performers of the session were YDUQS Participacoes SA (BVMF:YDUQ3), which fell 6.45% or 0.69 points to trade at 10.00 at the close. Cogna Educacao SA (BVMF:COGN3) declined 6.34% or 0.09 points to end at 1.33 and Sendas Distribuidora SA (BVMF:ASAI3) was down 4.69% or 0.32 points to 6.50.

Falling stocks outnumbered advancing ones on the B3 Stock Exchange by 531 to 406 and 58 ended unchanged.

Shares in Sendas Distribuidora SA (BVMF:ASAI3) fell to all time lows; falling 4.69% or 0.32 to 6.50.

The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 1.27% to 31.04.

Gold Futures for December delivery was down 0.37% or 9.65 to $2,625.75 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 0.39% or 0.29 to hit $73.28 a barrel, while the December US coffee C contract rose 0.31% or 0.78 to trade at $248.98 .

USD/BRL was up 0.98% to 5.59, while EUR/BRL rose 0.63% to 6.11.

The US Dollar Index Futures was up 0.38% at 102.69.

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