Brazil stocks lower at close of trade; Bovespa down 2.99%

  • December 18, 2024

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

At the close in Sao Paulo, the Bovespa lost 2.99% to hit a new 6-months low.

The best performers of the session on the Bovespa were Marfrig Alimentos SA (BVMF: MRFG3 ), which rose 1.81% or 0.29 points to trade at 16.29 at the close. Meanwhile, MRV Engenharia e Participacoes SA (BVMF: MRVE3 ) added 1.54% or 0.08 points to end at 5.26 and Santos Brasil Participacoes SA (BVMF: STBP3 ) was up 0.54% or 0.07 points to 13.13 in late trade.

The worst performers of the session were Automob Participações SA (BVMF: AMOB3 ), which fell 30.00% or 0.15 points to trade at 0.35 at the close. Cvc Brasil ON (BVMF: CVCB3 ) declined 17.11% or 0.32 points to end at 1.55 and Azul SA Pref (BVMF: AZUL4 ) was down 11.58% or 0.47 points to 3.59.

Falling stocks outnumbered advancing ones on the B3 Stock Exchange by 698 to 291 and 34 ended unchanged.

Shares in Automob Participações SA (BVMF: AMOB3 ) fell to all time lows; down 30.00% or 0.15 to 0.35. Shares in Cvc Brasil ON (BVMF: CVCB3 ) fell to all time lows; falling 17.11% or 0.32 to 1.55. Shares in Azul SA Pref (BVMF: AZUL4 ) fell to all time lows; falling 11.58% or 0.47 to 3.59.

The CBOE Brazil Etf Volatility , which measures the implied volatility of Bovespa options, was up 0.35% to 31.20.

Gold Futures for February delivery was down 2.17% or 57.84 to $2,604.16 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January fell 0.86% or 0.60 to hit $69.48 a barrel, while the March US coffee C contract rose 2.83% or 9.18 to trade at $334.13 .

USD/BRL was up 3.05% to 6.29, while EUR/BRL rose 1.79% to 6.52.

The US Dollar Index Futures was up 1.11% at 107.85.