Brazilian shares finished the session lower on Wednesday as sectoral declines drove the main index down. At the close in Sao Paulo the Bovespa lost 0.46%.
Top and bottom movers
The strongest performers on the Bovespa were Iguatemi SA Unit (BVMF:IGTI11), which climbed 3.10% or 0.91 points to finish at 30.09; Vibra Energia SA (BVMF:VBBR3), which added 2.80% or 0.93 points to close at 34.10; and Porto Seguro SA (BVMF:PSSA3), up 2.71% or 1.42 points to 53.77 by the end of trading.
On the downside, Marfrig Global Foods (BVMF:MBRF3) was the weakest performer, sliding 10.38% or 2.27 points to 19.60 at the close. Companhia Brasileira De Distribuica (BVMF:PCAR3) fell 7.23% or 0.18 points to end the session at 2.32, while Braskem SA (BVMF:BRKM5) lost 5.80% or 0.57 points to finish at 9.25.
Market breadth and highs
Advancers outnumbered decliners on the B3 Stock Exchange by 513 to 459, with 38 issues unchanged. Shares of Iguatemi SA Unit (BVMF:IGTI11) and Vibra Energia SA (BVMF:VBBR3) both rose to record highs during the session, closing at 30.09 and 34.10 respectively.
Volatility and commodities
The CBOE Brazil Etf Volatility, which tracks implied volatility in Bovespa options, declined 4.77% to 33.93, marking a new one-month low.
In commodities trading, June Gold Futures fell 0.70% or 33.84 to $4,816.26 a troy ounce. Crude oil for May delivery slipped 0.09% or 0.08 to $91.20 a barrel. The May US coffee C contract moved higher, up 0.33% or 1.00 to trade at $303.65.
Currencies and outside markets
Currency moves were modest: USD/BRL rose 0.11% to 4.99, while EUR/BRL dropped 0.24% to 5.89. The US Dollar Index Futures was down 0.04% at 97.87.
This session’s trading reflected a mix of sector-specific strength and weakness, with consumer and energy names showing gains even as several heavyweights in food processing and chemicals posted notable declines.