Brazil’s benchmark Bovespa index closed 0.27% lower on Tuesday, extending losses to a six-month low as Real Estate, Consumption and Basic Materials sectors weighed on sentiment.
The Bovespa fell to 126,450.20, down from an intraday high of 126,800, with declining issues outnumbering advancers by 485 to 456 on the B3 exchange. Thirty-nine stocks ended unchanged.
Among the top performers, Hapvida Participacoes e Investimentos rose 3.04% to 6.78 reais, Azzas 2154 SA added 2.47% to 15.34 reais and Totvs SA gained 2.00% to 31.10 reais. Losses were led by C A Modas SA, which fell 5.87% to 7.40 reais, marking a 52-week low, followed by Cury Construtora e Incorporadora SA down 3.93% to 31.12 reais and Direcional Engenharia SA down 3.56% to 10.30 reais.
The CBOE Brazil ETF Volatility Index, VXEWZ, eased 4.07% to 25.91, reflecting reduced near-term uncertainty despite the broader market downturn. The U.S. dollar firmed 0.37% against the Brazilian real to 5.22, while the euro rose 0.30% to 6.04 reais. U.S. Dollar Index futures were up 0.04% at 99.58.
Commodity moves added pressure: gold futures for December delivery fell 1.81% to $4,392.90 per troy ounce, while crude oil for October delivery rose 0.59% to $84.23 per barrel. U.S. coffee futures for December delivery gained 4.31% to $331.60 per contract.
