Brazil stocks lower at close of trade; Bovespa down 13.88%

Brazil stocks were lower after the close on Monday, as losses in the Real Estate, Consumption and Financials sectors led shares lower.

At the close in Sao Paulo, the Bovespa lost 13.88% to hit a new 1-month low.

The best performers of the session on the Bovespa were Suzano Papel e Celulose SA (BVMF:SUZB3), which rose 10.08% or 4.34 points to trade at 47.63 at the close. Meanwhile, Embraer SA (BVMF:EMBJ3) added 8.89% or 7.85 points to end at 96.04 and WEG SA (BVMF:WEGE3) was up 4.21% or 1.80 points to 44.53 in late trade.

The worst performers of the session were Magazine Luiza SA (BVMF:MGLU3), which fell 58.23% or 7.39 points to trade at 5.38 at the close. Vamos Locacao de Caminhoes, Maquinas e Equipamentos SA (BVMF:VAMO3) declined 56.79% or 3.64 points to end at 2.84 and Hapvida Participacoes e Investimentos (BVMF:HAPV3) was down 54.93% or 4.85 points to 4.02.

Falling stocks outnumbered advancing ones on the B3 Stock Exchange by 619 to 440 and 14 ended unchanged.

Shares in Hapvida Participacoes e Investimentos (BVMF:HAPV3) fell to 52-week lows; falling 54.93% or 4.85 to 4.02.

The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 5.26% to 64.13.

Gold Futures for December delivery was down 0.30% or 12.15 to $4,026.25 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December fell 0.38% or 0.39 to hit $101.37 a barrel, while the December US coffee C contract fell 2.59% or 7.95 to trade at $299.50 .

USD/BRL was up 8.78% to 5.41, while EUR/BRL rose 8.38% to 6.05.

The US Dollar Index Futures was up 0.06% at 101.87.