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Lima Stock Exchange closes the day with gains in 13 indicators and rises 0.29%

The service and electricity sectors reported more gains in the session, with 1.19%. For its part, the US market closed lower with volumes within the average.

The Lima Stock Exchange (BVL) closed the session of this Tuesday, February 7, with gains in most of its indices, noting 13 indicators up and 3 down. So the index S&P/BVL Peru General, the most representative of the Lima stock market, rose 0.29% to 22,319.14 points.

On the other hand, the index S&P/BVL Peru Selectivewhich is made up of the most traded shares in the local market, gained 0.20% and settled at 578.27 units.

The service and electricity sectors were the ones that reported the most gains in the day, with an advance of 1.19%, followed by finance (0.60%), consumer (0.52%) and industrial (0.13%). On the other hand, the mining category had a fall of 0.43%, as well as construction, which fell 0.02%.

In addition, the values ​​that increased the most were INRETC1 (2.35%), BVN (1.71%) and ENDISPC1 (1.69%). On the other hand, those that fell the most were NEXAPEI1 (12.35%), ALICORI1 (-4.65%) and CVERDEC1 (-1.89%).

US market closes lower with volumes within average

Internationally, according to César Romero, Head of Research at Renta4 SAB, Federal Reserve Chairman Jerome Powell reiterated on Tuesday that continued interest rate increases will still be necessary. He also noted that the “disinflationary process” has begun, in his first comments since the January jobs report, stronger than expected.

Along these lines, the central bank will remain focused on the monthly data and will make decisions at each meeting. Thus, Powell’s statements come as a result of last week’s 0.25 percentage point interest rate hike, followed by the large jobs number reported last Friday.

The specialist added that the markets have been anticipating that rate hikes will be paused or, even, that they could be reduced soon. In addition, the jobs report was stronger than expected, leading some to speculate that Powell may take a more aggressive tone than seen at his news conference last week. However, he barely deviated from that script.

Source: Larepublica


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