The Lima Stock Exchange (BVL) The session of this Wednesday, April 19, 2023 closed in negative territory. This result was driven by the poor performance of the mining sector. Thus, he scored 9 downward indicators and 7 upwards.
Thus, the S&P/BVL Peru General index, the most representative of the Lima stock market, fell 0.05% to 22,501.12 points. Meanwhile, the S&P/BVL Peru Selective index, which is made up of the most traded shares in the local market, lost -0.32% and stood at 579.22 units.
The mining sector was the one that reported the most losses in the day with a fall of -0.35%, followed by construction (-0.08%) and consumption (-0.02%). On the other hand, financial (0.66%), industrial (0.54%), services and electricity (0.07%) were the ones that presented gains.
The stocks that fell the most in the index were LUISAI1 (-7.61%), POMALCC1 (-6.78%) and CVERDEC1 (-4.19%). On the other hand, those that increased the most were PML (2.86%), PODERC1 (2.28%) and FERREYC1 (1.89%).
Foreign stocks closed mixed again
According to César Romero, Head of Research at Renta4 SAB, the shares barely moved this Wednesday, April 19, as the earnings season continues. The Dow Jones lost 79 points, or 0.2%. The S&P 500 was flat and the Nasdaq Composite was up less than 0.1%.
“Earnings season continues to attract investor attention, with Netflix shares tumbling 3.2% after the streaming giant provided a disappointing outlook for its second quarter. Morgan Stanley released financial results showing that the profits and revenues decreased,” Romero said.
The 10-year Treasury yield rose to 3.599% on Wednesday and the two-year yield rose to 4.259%. Investors are also watching expectations for the future of monetary policy. The Federal Reserve published his latest Beige Book report on economic activity, where he said that this little changed in recent weeks, job growth moderated slightly and overall price levels increased moderately as the rate of price increase slowed.
Source: Larepublica
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