Brazil stocks lower at close of trade; Bovespa down 1.27%

  • January 8, 2025
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Investing.com – Brazil stocks were lower after the close on Wednesday, as losses in the Real Estate, Consumption and Basic Materials sectors led shares lower.

At the close in Sao Paulo, the Bovespa declined 1.27%.

The best performers of the session on the Bovespa were Companhia Brasileira De Distribuica (BVMF:PCAR3), which rose 1.06% or 0.03 points to trade at 2.85 at the close. Meanwhile, Sao Martinho SA (BVMF:SMTO3) added 0.93% or 0.23 points to end at 25.08 and Marfrig Alimentos SA (BVMF:MRFG3) was up 0.89% or 0.15 points to 16.95 in late trade.

The worst performers of the session were Atacadao SA (BVMF:CRFB3), which fell 12.20% or 0.75 points to trade at 5.40 at the close. Companhia Siderurgica Nacional (BVMF:CSNA3) declined 7.18% or 0.60 points to end at 7.76 and Magazine Luiza SA (BVMF:MGLU3) was down 6.52% or 0.43 points to 6.17.

Falling stocks outnumbered advancing ones on the B3 Stock Exchange by 624 to 343 and 48 ended unchanged.

Shares in Companhia Siderurgica Nacional (BVMF:CSNA3) fell to 3-years lows; down 7.18% or 0.60 to 7.76.

The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 1.69% to 30.26.

Gold Futures for February delivery was up 0.59% or 15.69 to $2,681.09 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February fell 1.23% or 0.91 to hit $73.34 a barrel, while the March US coffee C contract rose 0.09% or 0.28 to trade at $320.78 .

USD/BRL was unchanged 0.06% to 6.10, while EUR/BRL fell 0.19% to 6.30.

The US Dollar Index Futures was up 0.44% at 108.86.

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