The Lima Stock Exchange (BVL) The session on Thursday, March 9, 2023 closed in negative territory. This result was driven by the poor performance of the mining sector. Thus, he scored 14 downward indicators and 2 without variation.
In this way, the S&P/BVL Peru General Index, the most representative of the Lima stock market, fell 1.41% to 21,760.62 points. Meanwhile, the S&P/BVL Peru Selective Indexwhich is made up of the most traded shares in the local market, lost 1.94% and was placed at 562.59 units.
The mining sector was the one that reported the most losses in the day with a fall of 2.37%, followed by financial (-2.13%), construction (-0.24%), consumption (-0.16%), and industrial (-0.16%). Services and electricity did not show variation.
The shares that fell the most in the index were BUENAVC1 (-6.25%), IFS (-4.08%) and CVERDEC1 (-3.30%). On the other hand, those that increased the most were INVCENC1 (12.14%), SIDERC1 (4.88%) and CORAREI1 (1.60%).
US stock closes erasing day’s gains
According to César Romero, head of research at Renta4 SAB, shares tumbled on Thursday as concerns swept through the banking sector. and investors remained on edge ahead of a crucial February jobs report scheduled for Friday morning.
At the closing bell, the S&P 500 was down 1.8%, the Dow Jones Industrial Average was down 1.6%, or 542 points, and the Nasdaq Composite was down 2%. As of Thursday’s close, the market was on track for its worst week of the year, Bloomberg data showed.
The selling on Thursday accelerated throughout the trading session as the the collapse of SVB Financial (SIVB) shares put pressure on bank stocks and raised concerns about unforeseen spillover effects of the rate increase campaign of the Federal Reserve in the financial system.
Source: Larepublica
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