Brazilian equities finished the trading session lower on Thursday, with the Bovespa index falling 0.78% at the close in Sao Paulo as several key sectors, including Real Estate, Consumption and Financials, weighed on the market.
Market breadth showed a clear downside bias: 646 stocks fell versus 320 that advanced, while 36 issues finished unchanged on the B3 Stock Exchange.
Top performers
- Hapvida Participacoes e Investimentos (BVMF:HAPV3) rose 5.14% or 0.65 points to close at 13.25.
- Azzas 2154 SA (BVMF:AZZA3) added 2.33% or 0.50 points to end the day at 21.70.
- WEG SA (BVMF:WEGE3) was up 1.86% or 0.88 points to 48.52 in late trade.
Largest decliners
- Companhia Brasileira De Distribuica (BVMF:PCAR3) dropped 6.92% or 0.18 points to finish at 2.42.
- C A Modas SA (BVMF:CEAB3) declined 5.85% or 0.73 points to end at 11.78.
- Grupo Vamos SA (BVMF:VAMO3) fell 5.68% or 0.26 points to 4.36.
The CBOE Brazil Etf Volatility - a gauge of implied volatility on Bovespa options - moved lower, down 7.85% to 31.47, indicating a pullback in option-implied market stress during the session.
Commodities and currencies
In commodities trading, June Gold Futures slipped 1.00% or 47.46 to $4,705.54 a troy ounce. Crude oil for June delivery climbed 3.88% or 3.61 to $96.57 a barrel, and the July US coffee C contract advanced 4.06% or 11.75 to trade at $300.90.
On the currency front, USD/BRL rose 0.95% to 5.01 while EUR/BRL increased 0.59% to 5.87. The US Dollar Index Futures was higher by 0.24% at 98.64.
Overall, the session closed with clearly more decliners than advancers and mixed moves across commodities and currencies, leaving the Bovespa modestly lower at the end of Thursday's trading.