Brazilian equities closed lower after the session on Thursday in Sao Paulo, with the Bovespa ending the day down 0.90% as losses in several sectors overshadowed gains elsewhere.
Top movers
The best-performing stocks on the Bovespa were Ambev SA (BVMF:ABEV3), which climbed 5.52% or 0.87 points to finish at 16.64, Banco do Brasil SA (BVMF:BBAS3), which gained 3.53% or 0.88 points to close at 25.79, and Sendas Distribuidora SA (BVMF:ASAI3), up 3.90% or 0.36 points to end the session at 9.59.
At the other end of the tape, Braskem SA (BVMF:BRKM5) fell 10.53% or 1.14 points to trade at 9.69 at the close. Raizen SA Preferred (BVMF:RAIZ4) declined 9.09% or 0.07 points to finish at 0.70, and Companhia Siderurgica Nacional (BVMF:CSNA3) lost 8.63% or 0.83 points to close at 8.79.
Market breadth and notable price extremes
On the B3 Stock Exchange, decliners outnumbered advancers by 623 to 305, and 50 stocks ended unchanged. Shares of Ambev SA (BVMF:ABEV3) reached three-year highs, rising 5.52% to 16.64. In contrast, Raizen SA Preferred (BVMF:RAIZ4) dropped to an all-time low, falling 9.09% to 0.70.
Volatility and commodities
The CBOE Brazil Etf Volatility, which measures implied volatility of Bovespa options, increased 3.04% to 32.24. In commodities markets, Gold Futures for April delivery fell 3.10% or 158.26 to $4,940.24 a troy ounce. Crude oil for March delivery declined 2.74% or 1.77 to $62.86 a barrel, while the March US coffee C contract rose 2.26% or 6.65 to trade at $301.45.
FX and dollar strength
Currency moves included USD/BRL rising 0.50% to 5.21, while EUR/BRL was essentially flat - up 0.07% to 6.18. The US Dollar Index Futures was up 0.16% at 96.88.
This combination of sector weakness, concentrated stock declines and rising implied volatility contributed to the negative finish for the Bovespa on Thursday, with commodity and currency shifts also notable across markets.
Key data recap
- Bovespa -0.90% at the close in Sao Paulo.
- Top gainers: ABEV3 +5.52% (16.64), BBAS3 +3.53% (25.79), ASAI3 +3.90% (9.59).
- Top losers: BRKM5 -10.53% (9.69), RAIZ4 -9.09% (0.70), CSNA3 -8.63% (8.79).
- Decliners 623, advancers 305, unchanged 50.
- CBOE Brazil Etf Volatility +3.04% to 32.24.
- Gold Apr futures -3.10% to $4,940.24/oz; Crude Mar -2.74% to $62.86/bbl; Coffee Mar +2.26% to $301.45.
- USD/BRL +0.50% to 5.21; EUR/BRL +0.07% to 6.18; US Dollar Index Futures +0.16% at 96.88.