Brazil Stock Market Update

Investing.com – Brazil stocks closed lower on Wednesday, with declines in the Financials, Real Estate, and Electric Power sectors.

At the close in Sao Paulo, the Bovespa index lost 0.26%.

Best Performers

The best performers of the session on the Bovespa included:
– Gerdau SA Pref (BVMF:GGBR4): +9.56% (1.74 points) at 19.95
– Metalurgica Gerdau SA (BVMF:GOAU4): +8.86% (0.92 points) at 11.30
– Pet Center Comercio e Participacoes (BVMF:PETZ3): +6.26% (0.34 points) at 5.77

Worst Performers

The worst performers were:
– Atacadao SA (BVMF:CRFB3): -3.63% (0.28 points) at 7.44
– B3 SA Brasil Bolsa Balcao (BVMF:B3SA3): -3.01% (0.33 points) at 10.64
– Companhia Siderurgica Nacional (BVMF:CSNA3): -2.85% (0.35 points) at 11.94

Rising stocks outnumbered declining ones on the B3 Stock Exchange by 477 to 471, with 54 ending unchanged.

Shares in Pet Center Comercio e Participacoes (BVMF:PETZ3) reached a 52-week high, up 6.26% (0.34) to 5.77.

The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, increased 3.57% to 37.40, marking a new 52-week high.

Commodities Update

• Gold Futures for December delivery fell 2.85% (78.35) to $2,671.35 per troy ounce.
• Crude oil for December delivery decreased 0.07% (0.05) to $71.94 per barrel.
• US coffee C contract for December dropped 0.33% (0.82) to $249.33.

Currency Updates

• USD/BRL was down 1.28% to 5.68.

• EUR/BRL fell 2.99% to 6.10.

• US Dollar Index Futures rose 1.61% to 104.99.