Investing.com – Brazil stocks were lower after the close on Thursday, as losses in the Real Estate, Financials and Electric Power sectors led shares lower.
At the close in Sao Paulo, the Bovespa declined 8.80% to hit a new 3-months low.
The best performers of the session on the Bovespa were Fibria Celulose SA (SA:FIBR3), which rose 11.48% or 3.32 points to trade at 32.25 at the close. Meanwhile, Suzano Papel e Celulose SA (SA:SUZB5) added 9.86% or 1.25 points to end at 13.93 and Embraer SA (SA:EMBR3) was up 2.67% or 0.40 points to 15.40 in late trade.
The worst performers of the session were Centrais Eletricas Brasileiras SA (SA:ELET3), which fell 20.97% or 3.33 points to trade at 12.55 at the close. CEMIG - Companhia Energetica Minas Gerais Pref (SA:CMIG4) declined 20.43% or 1.80 points to end at 7.01 and Banco do Brasil SA (SA:BBAS3) was down 19.91% or 6.73 points to 27.08.
Falling stocks outnumbered advancing ones on the Sao Paulo Stock Exchange by 378 to 92 and 6 ended unchanged.
The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was up 38.26% to 50.34 a new 52-week high.
Gold Futures for June delivery was down 0.89% or 11.25 to $1247.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June rose 0.49% or 0.24 to hit $49.31 a barrel, while the July US coffee C contract fell 3.79% or 5.10 to trade at $129.47 .
USD/BRL was up 7.53% to 3.3730, while EUR/BRL rose 7.04% to 3.7471.
The US Dollar Index Futures was up 0.41% at 97.74.