The Lima Stock Exchange closed its operations this Thursday, September 29, with mixed indicators; thus, it scored 9 rising indices, 6 falling and 1 unchanged.
In this way, the S&P/BVL Peru General Index, the most representative of the Lima stock market, advanced 0.27% to 19,370.95 points. Meanwhile, the S&P/BVL Peru Selective Indexwhich is made up of the most traded shares in the local market, gained 0.34% and reached 508.17 units.
The mining sector led the gains with an advance of 1.20%, followed by consumption (0.50%) and building (0.01%). For its part, the largest drop was recorded in the financial sectorwith a decline of (-1.59%), seconded by services and electricity, which fell 0.05% and 0.04%, respectively. While, industrial remained unchanged.
The shares that grew the most were BVN +5.78%, CORAREI1 +2.26% and BBVAC1 +2.07%. On the other hand, the stocks that fell the most were VOLCABC1 -3.45%, IFS -2.44% and BAP -2.42%.
US market hits a new low for the year
The US stocks crashed again today, with Manzana in the lead, as renewed uncertainty over the possibility of a recession permeated wall street and profits were erased after a fleeting rebound in yesterday’s session, says César Romero, head of Research at Renta4 SAB.
Thus, the S&P 500 plunged 2.1% to a new 2022 low, while the dow jones it erased more than 450 points, or about 1.5%. The Nasdaq Composite it sank 2.8%.
On the other hand, Meta Platforms (META) announced plans to restructure teams and cut headcount for the first time in company history, telling staff that “the macroeconomy remains tough and volatile.” His shares closed down 3.7%.
“Technology stocks led the day’s decline as shares of Apple (AAPL), heavily weighted, erased approximately 5% due to concerns about declining demand, prompting a downgrade from Bank of AmericaRomero comments.