The Lima Stock Exchange closed the session on Tuesday, June 13, 2023, with gains in most of its indices, recording 15 upward and 1 downward indicators. Thus, the S&P/BVL Peru General index, the most representative of the Lima stock market, rose 1.25% to 22,287.69 points.
For its part, the S&P/BVL Peru Selective index, which is made up of the most traded shares in the local market, gained 1.77% and stood at 565.54 units.
The mining sector was the one that reported the most gains in the day with an advance of 3.43%, followed by consumption (1.34%), financial (1.30%), services and electricity (0.37%) and industrial (0.29%). On the other hand, only the construction category presented a slight drop of -0.01%.
Among the local companies that registered the greatest losses were: Sociedad Minera Corona (-15.00%), Andino Investment Holding (-7.69%) and Rimac Seguros y Reaseguros (-2.67%). While those who registered gains were: Southern Copper Corporation (4.18%), Banco de Crédito del Perú (3.00%) and Engie Energía Perú (1.96%).
Positive day for US stocks after CPI release
The level of inflation overall registered growth below expectations until May 23 (4% current vs. 4.1% expected), according to César Romero, Head of Research at Renta4 SAB. Because of this, investors have all the more reason to think that tomorrow the Federal Reserve (FED) it will maintain its reference interest rate at 5.25% and, consequently, the main stock indices of the country presented a positive behavior.
The S&P 500 closed the day with a 0.64% gain, and the Nasdaq and DJIA advanced 0.83% and 0.43%, respectively. “However, core inflation did not record good data, as it was above the consensus expectation (5.3% current vs. 5.2% expected), indicating that inflationary pressures have yet to fully subside despite high interest rates”Romero explained.
Because of this, and because it is a type of instrument that is more sensitive to fluctuations in interest rates, the yield on the 10-year Treasury Bond increased by 9 basis points to 3.83%, while that of its pair at 2 years increased by 8 basis points to 4.66%.
Source: Larepublica
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