Brazil stocks lower at close of trade; Bovespa down 1.62%

Brazil stocks were lower after the close on Monday, as losses in the Financials, Basic Materials and Electric Power sectors led shares lower.At the close in Sao Paulo, the Bovespa fell 1.62% to hit a new 5-year low.The best performers of the session on the Bovespa were Oi SA (SA:OIBR4), which rose 7.78% or 0.13 points to trade at 1.80 at the close. Meanwhile, Usinas Siderurgicas de Minas Gerais (SA:USIM5) added 5.52% or 0.08 points to end at 1.53 and Estacio Participacoes SA (SA:ESTC3) was up 2.89% or 0.39 points to 13.90 in late trade.The worst performers of the session were Natura Cosmeticos SA (SA:NATU3), which fell 7.65% or 2.07 points to trade at 25.00 at the close. Vale SA (SA:VALE5) declined 6.53% or 0.68 points to end at 9.74 and Banco do Brasil SA (SA:BBAS3) was down 6.52% or 1.04 points to 14.91.Falling stocks outnumbered advancing ones on the Sao Paulo Stock Exchange by 195 to 141 and 3 ended unchanged.The CBOE Brazil Etf Volatility, which measures the implied volatility of Bovespa options, was down 1.42% to 49.36.Gold for February delivery was up 1.27% or 13.50 to $1078.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February fell 0.76% or 0.28 to hit $35.78 a barrel, while the March US coffee C contract fell 1.09% or 1.30 to trade at $117.42 .USD/BRL was up 0.76% to 4.0123, while EUR/BRL rose 1.31% to 4.3845.The US Dollar Index was down 0.35% at 98.39.