Brazil stocks lower at close of trade; Bovespa down 0.52%
Brazil stocks closed lower on Tuesday, with the Bovespa index falling 0.52%. Real Estate, Consumption, and Electric Power sectors contributed to the decline in share prices. Magazine Luiza led gains, up 9.42% to 6.39. Embraer increased by 8.94%, closing at 115.91, while Caixa Seguridade rose 4.07% to 22.01. Hapvida and Lojas Renner were among the worst performers, losing 11.11% and 5.13%, respectively.
Shares outnumbered advances by 575 to 490, and 58 ended unchanged. The CBOE Brazil Etf Volatility hit a 1-month low of 32.38. Gold Futures and Crude oil also saw declines, while the USD/BRL and EUR/BRL appreciated against the US dollar.
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