Brazil stocks lower at close of trade; Bovespa down 0.13%

  • January 2, 2025

Investing.com – Brazil stocks were lower after the close on Thursday, as losses in the Electric Power , Public Utilities and Consumption sectors led shares lower.

At the close in Sao Paulo, the Bovespa lost 0.13% to hit a new 6-months low.

The best performers of the session on the Bovespa were Cvc Brasil ON (BVMF: CVCB3 ), which rose 8.70% or 0.12 points to trade at 1.50 at the close. Meanwhile, IRB Brasil Resseguros SA (BVMF: IRBR3 ) added 4.88% or 2.07 points to end at 44.52 and Braskem SA (BVMF: BRKM5 ) was up 3.37% or 0.39 points to 11.97 in late trade.

The worst performers of the session were Eneva SA (BVMF: ENEV3 ), which fell 9.31% or 0.98 points to trade at 9.55 at the close. Minerva SA/Brazil (BVMF: BEEF3 ) declined 5.70% or 0.29 points to end at 4.80 and Companhia Siderurgica Nacional (BVMF: CSNA3 ) was down 4.97% or 0.44 points to 8.42.

Falling stocks outnumbered advancing ones on the B3 Stock Exchange by 579 to 395 and 45 ended unchanged.

Shares in Eneva SA (BVMF: ENEV3 ) fell to 3-years lows; losing 9.31% or 0.98 to 9.55. Shares in Minerva SA/Brazil (BVMF: BEEF3 ) fell to 5-year lows; falling 5.70% or 0.29 to 4.80. Shares in Companhia Siderurgica Nacional (BVMF: CSNA3 ) fell to 3-years lows; down 4.97% or 0.44 to 8.42.

The CBOE Brazil Etf Volatility , which measures the implied volatility of Bovespa options, was down 0.72% to 31.84.

Gold Futures for February delivery was up 1.16% or 30.61 to $2,671.61 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 1.98% or 1.42 to hit $73.14 a barrel, while the March US coffee C contract rose 1.58% or 5.05 to trade at $324.80 .

USD/BRL was down 1.13% to 6.15, while EUR/BRL fell 2.14% to 6.31.

The US Dollar Index Futures was up 0.73% at 109.09.