The Lima Stock Exchange (BVL) closed the session of this Thursday, March 23, in negative territory. This result was driven by the poor performance of the mining sector. Thus, he scored 13 indicators down and 3 up.
In this way, the S&P/BVL Peru General Index, the most representative of the Lima stock market, fell 1.19% to 21,391.08 points. Meanwhile, the S&P/BVL Peru Selective Indexwhich is made up of the most traded shares in the local market, lost -0.53% and stood at 555 units.
The mining sector was the one that reported the most losses in the day with a fall of -2.37%, followed by financial (-1.58%), consumption (-1.26%), construction (-0.16%) and industrial (-0.11%). On the other side, only services and electricity registered gains, they rose 0.51% each.
The shares that fell the most in the index were the companies Southern Copper Corporation (-3.01%), Buenaventura (-2.28%) and Alicorp (-2.14%). On the other hand, those that increased the most were Candente Copper (3.85%), Enel (1.52%) and Cerro Verde (1.24%).
US market closes positive
According to César Romero, Head of Research at Renta4 SAB, the shares ended higher during a volatile session that followed the signal from the Federal Reserve on Wednesday that the central bank’s rate hike campaign may be coming to an end, amid concerns about stability in the global banking system.
At the closing bell on Thursday, the S&P 500 was up 0.3%, the Dow Jones Industrial Average was up 0.2% and the Nasdaq Composite was up 1%.. Earlier, all three major averages were up more than 1% with the Nasdaq up more than 2%, and in the afternoon both the S&P and Dow were in the red.
Crude oil came under pressure on Tuesday with WTI crude falling more than 2% to a low of $69.20 a barrel after trading near $71 earlier in the day. This puts oil back near its lowest levels since November 2021.
“The 10-year Treasury also rose a bit, falling nine basis points to settle near 3.40% and continuing a downward movement in yields that began Wednesday after the latest economic forecasts from the fed suggested that rate hikes are closer to completion than expected,” Romero said.
Source: Larepublica
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