The Lima Stock Exchange (BVL) closed with most of its indices in the red and posted 13 indices down, 3 up and none flat. The index S&P/BVL Peru Overallthe most representative of the Lima stock market, fell -0.93% to 22,138.78 points.
For his part, he S&P/BVL Peru Selective Indexwhich is made up of the most traded shares in the local market, fell -1.23% and settled at 566.79 units.
The greatest setback was registered in the mining sector, which fell -3.94%, followed by industrial (-0.64%), construction (-0.51%), and financial (-0.18%). On the other hand, consumption gained 0.36%, while services and electricity rose 0.26% each.
The shares that fell the most were SCCO -5.25%, VOLCABC1 -1.96% and IFS -1.89%. On the other hand, the shares that rose the most were MINCORI1 +5.44%, CASAGRC1 +1.48% and ALICORC1 +0.78%.
Foreign stocks closed sharply lower
The US market closed sharply lower on Tuesday and the S&P500 fell 1.58%, the Dow fell 1.02% and the Nasdaq fell 1.98%.
According to César Romero, Head of Research at Renta4 SAB, this result is due to the fact that First Republic Bank shares plummeted by almost 50% and closed at a new low for the day.
“Among concerns is that other regional banks could face similar funding problems. The SPDR S&P Regional Banking exchange-traded fund fell 4.2% on Tuesday,” it said.
Source: Larepublica
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