Brazil stocks lower at close of trade; Bovespa down 2.39%

08/11/2018 21:25:00 Stock Market

Brazil stocks were lower after the close on Thursday, as losses in the Industrials, Consumption and Financials sectors led shares lower.

At the close in Sao Paulo, the Bovespa fell 2.39%.

The best performers of the session on the Bovespa were Cvc Brasil ON (SA:CVCB3), which rose 0.53% or 0.30 points to trade at 56.80 at the close. Meanwhile, Telefonica Brasil SA (SA:VIVT4) added 0.05% or 0.02 points to end at 43.83 and Klabin Unt (SA:KLBN11) was unchanged 0.00% or 0.00 points to 18.38 in late trade.

The worst performers of the session were Cielo SA (SA:CIEL3), which fell 9.58% or 1.17 points to trade at 11.04 at the close. Estacio Participacoes SA (SA:ESTC3) declined 8.42% or 1.91 points to end at 20.78 and BRF SA (SA:BRFS3) was down 5.58% or 1.24 points to 21.00.

Falling stocks outnumbered advancing ones on the BM&FBovespa Stock Exchange by 269 to 136 and 34 ended unchanged.

Shares in Cielo SA (SA:CIEL3) fell to 5-year lows; losing 9.58% or 1.17 to 11.04.

The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was up 1.70% to 39.38.

Gold Futures for December delivery was down 0.16% or 2.00 to $1224.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December fell 1.67% or 1.03 to hit $60.64 a barrel, while the December US coffee C contract rose 0.87% or 1.00 to trade at $116.60 .

USD/BRL was up 0.72% to 3.7579, while EUR/BRL rose 0.15% to 4.2694.

The US Dollar Index Futures was up 0.71% at 96.49.