The Lima Stock Exchange (BVL) closed the session of this Tuesday, March 7, 2023, in negative territory. That is how he scored 10 downward indicators, 4 upward and 2 unchanged.
Thus, the S&P/BVL Peru General index, the most representative of the Lima stock market, fell 0.78% to 21,957, 16 points. Meanwhile, the S&P/BVL Peru Selective index, which is made up of the most traded shares in the local market, lost -1.23% and stood at 568.25 units.
The mining sector was the one that reported the most losses in the day with a fall of 2.75%, followed by the financial sector (-0.16%). The service and electricity sectors had no variation. For their part, Industrial (0.97%) and Construction (0.81%) were the ones that presented increases.
The shares that fell the most were BVN (-4.31%), SCCO (-3.11%) and CREDITC1 (-1.54%). On the other hand, the shares that recovered were HIDRA2C1 (2.60%), CORAREC1 (2.56%) and BACKUSI1 (2.04%).
US stock closes lower on “hawkish” comments by Jerome Powell
At the international level, US stocks were under pressure during this day after Jerome Powell, president of the Federal Reserve, will declare to Congress that interest rates are likely to rise in the face of persistent inflation, said César Romero, head of Research at Rent4 SAT.
Also, the day’s losses sent the S&P 500 on track for its worst day in two weeks and the index returned to trading below the key 4000 level, as well as breaking its 50-day moving average, an indicator that traders They are watching closely for signs that stocks are breaking recent trends, he added.
Source: Larepublica
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