São Paulo - Brazil's stock market ended the trading session on Friday with the Bovespa slipping 0.55% as sell pressure in the Public Utilities, Electric Power and Financials sectors dominated late trade.
At the final bell in Sao Paulo, the Bovespa registered a decline of 0.55% from its previous close.
Top performers
The day's strongest gains on the Bovespa were led by Cvc Brasil ON (BVMF:CVCB3), which climbed 8.67% - a rise of 0.17 points - to finish at 2.12. Grupo Vamos SA (BVMF:VAMO3) followed, gaining 6.27% or 0.26 points to close at 4.35. Direcional Engenharia SA (BVMF:DIRR3) also advanced, up 4.48% or 0.64 points to end the session at 14.87.
Lagging stocks
On the downside, Brava Energia SA (BVMF:BRAV3) led losses with a fall of 6.28% or 1.31 points to close at 19.82. Braskem SA (BVMF:BRKM5) dropped 5.55% or 0.52 points to 8.92, while Petroleo Brasileiro SA (BVMF:PETR3) declined 5.31% or 2.85 points to finish at 50.95.
Market breadth and volatility
Advancing issues outnumbered decliners on the B3 Stock Exchange, with 666 stocks rising against 319 that fell; 43 securities finished unchanged. The CBOE Brazil Etf Volatility, a measure of implied volatility for Bovespa options, eased 2.28% to 31.71, establishing a new one-month low.
Commodities
In commodities trading, Gold Futures for June delivery climbed 1.20%, gaining $57.90 to reach $4,866.20 per troy ounce. Crude oil for May delivery tumbled 10.14% or $9.60 to $85.09 a barrel. The May US coffee C contract fell 2.63% or $7.80 to trade at $288.65.
Foreign exchange and broader indicators
FX moves included the USD/BRL pair weakening 0.26% to 4.98, while the EUR/BRL declined 0.41% to 5.86. The US Dollar Index Futures was broadly unchanged, up 0.01% at 98.04.
Friday's session combined selective stock rallies with sector-led weakness, leaving the headline Bovespa lower at the close while several individual names recorded notable intraday swings.