The Lima Stock Exchange closed the session this Thursday, June 15, 2023 with gains in most of its indices, recording 8 upward and 8 downward indicators. Thus, the S&P/BVL Peru General index, the most representative of the Lima stock market, it rose 0.29% to 22,445.04 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 0.29% and stood at 567.62 units.
Only the financial sector reported earnings on the day with an advance of 1.32%. On the other hand, the items that registered losses were construction (-1.18%), industrial (-0.94%), consumption (-0.43%), mining (-0.24%) and services and electricity ( -0.15%).
Among the local companies that registered the greatest losses were: Alicorp (-5.14%), Aenza (-3.77%) and Union de Cervecerias Peruanas Backus y Johnston (-3.10%). While those who registered gains were: Southern Peru Copper Corporation (5.08%)Publishing Company El Comercio (2.53%) and Grupo BVL (1.89%).
Rally in US equities continues as interest rate expectations improve
The companies related to the artificial intelligence continue to benefit from the good timing of this. Microsoft (+3.96%) hit a new all-time high after revealing AI products over the past few months. For its part, Lennar Corp led the rise in the construction sector after reporting better projections, according to César Romero, Head of Research at Renta4 SAB.
“Likewise, stocks in general have benefited from better expectations for future decisions by the Federal Reserve (FED), as investors expect the tightening cycle to end sooner than expected despite the rebound in retail sales in May,” Romero said.
In addition, new applications for unemployment benefits have once again shown that the country’s labor market is weakening, as a consequence, the fixed income market also benefited, as the yield on the 10-year Treasury Bond fell by 7 basis points to 3.71%, while that of its 2-year pair fell by 4 basis points to 4.64%.
Source: Larepublica
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