Brazil stocks lower at close of trade; Bovespa down 2.25%

28/05/2015 12:41 AST

Brazil stocks were lower after the close on Friday, as losses in the Financials, Electric Power and Public Utilities sectors led shares lower.

At the close in Sao Paulo, the Bovespa fell 2.25% to hit a new 1-month low.

The best performers of the session on the Bovespa were Oi SA (SA:OIBR4), which rose 6.64% or 0.44 points to trade at 7.07 at the close. Meanwhile, Estacio Participacoes SA (SA:ESTC3) added 2.23% or 0.40 points to end at 18.30 and Telefonica Brasil SA (SA:VIVT4) was up 1.13% or 0.50 points to 44.85 in late trade.

The worst performers of the session were Qualicorp SA (SA:QUAL3), which fell 19.66% or 4.65 points to trade at 19.00 at the close. EcoRodovias SA (SA:ECOR3) declined 7.17% or 0.56 points to end at 7.25 and Cia Siderurgica Nacional SA (SA:CSNA3) was down 6.24% or 0.41 points to 6.16.

Falling stocks outnumbered advancing ones on the Sao Paulo Stock Exchange by 169 to 128 and 6 ended unchanged.

The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was up 0.41% to 32.07.

Gold for August delivery was up 0.13% or 1.60 to $1190.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July rose 4.57% or 2.63 to hit $60.31 a barrel, while the July US coffee C contract rose 1.12% or 1.40 to trade at $126.38 .

USD/BRL was up 0.74% to 3.1841, while EUR/BRL rose 1.08% to 3.4975.

The US Dollar Index was down 0.17% at 96.97.


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