The Lima Stock Exchange closed the session of this Wednesday, January 11, 2023 with mixed indices scoring 7 indicators up and 9 down. Thus, the S&P/BVL Peru General Index, the most representative of the Lima stock market, fell 0.79% to 22,568.04 points. For his part, he S&P/BVL Peru Selective Indexwhich is made up of the most traded shares in the local market, gained 0.01% and settled at 591.85 units.
The financial sector was the one that reported the most losses in the day with a decline of 3.19%, followed by construction (-0.54%), consumption (-0.13%) and industrial (-0.10%). On the other hand, the items that registered gains were services and electricity with 3.17% each, and mining (1.03%).
Among the local companies that registered the greatest losses were: Empresa Editorial El Comercio (-4.29%), Corporación Aceros Arequipa (-4.05%) and Credicorp (-3.13%). While those who registered gains were: Southern Peru Copper Corporation (13.78%), Enel Distribución Perú (10.20%) and Sociedad Minera Cerro Verde (4.48%).
US market closes for the second day at maximums
According to César Romero, head of research at Renta4 SAB, US stocks rose on Wednesday while Wall Street continues to wait for the inflation data or also called consumer prices, it is projected that they will show a greater decrease in inflation, which is already slowing down. The S&P 500 rose 1.3%, while the Dow Jones Industrial Average added more than 250 points, or 0.8%.. The Nasdaq Composite advanced 1.8%.
The Treasury yields USA pared their upward movement from the previous session, with the benchmark 10-year note dipping below 3.6%. The US dollar index also fell, both on pressure from a Fed policy pivot.
Wells Fargo (WFC) was among the most traded companies in early trading of the day, after the bank said Tuesday night it was winding down its home lending business. “The move by Wells Fargo, once a leading mortgage lender, comes amid a slowdown in the housing market as skyrocketing interest rates slow home purchases and refinancing deals,” Romero said.
Source: Larepublica
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