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Brazil shares lower at close of trade; Bovespa down 0.18%

Published 30/11/2018, 20:35
Updated 30/11/2018, 20:35
Brazil shares lower at close of trade; Bovespa down 0.18%

Investing.com – Brazil equities were lower at the close on Friday, as losses in the Public Utilities, Electric Power and Financials sectors propelled shares lower.

At the close in Sao Paulo, the Bovespa declined 0.18%.

The biggest gainers of the session on the Bovespa were Cielo SA (SA:CIEL3), which rose 6.85% or 0.61 points to trade at 9.52 at the close. Suzano Papel e Celulose SA (SA:SUZB3) added 5.03% or 1.96 points to end at 40.89 and Usinas Siderurgicas de Minas Gerais (SA:USIM5) was up 4.12% or 0.37 points to 9.35 in late trade.

Biggest losers included Centrais Eletricas Brasileiras SA (SA:ELET3), which lost 5.20% or 1.34 points to trade at 24.43 in late trade. Magazine Luiza SA (SA:MGLU3) declined 3.86% or 6.61 points to end at 164.63 and Kroton Educacional SA (SA:KROT3) shed 3.67% or 0.40 points to 10.50.

Advancing stocks outnumbered falling ones by 242 to 203 and 28 ended unchanged on the BM&FBovespa Stock Exchange.

The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 3.24% to 35.20 a new 3-month low.

In commodities trading, Gold Futures for February delivery was down 0.25% or 3.10 to $1227.30 a troy ounce. Meanwhile, Crude oil for delivery in January fell 1.85% or 0.95 to hit $50.50 a barrel, while the March US coffee C contract fell 4.36% or 4.90 to trade at $107.40 .

USD/BRL was up 0.38% to 3.8674, while EUR/BRL fell 0.37% to 4.3736.

The US Dollar Index Futures was up 0.50% at 97.183.

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