Ómicron: Uncertainty in the Stock Market in Peru

Yesterday the Lima Stock Exchange (BVL) closed with 13 of its indicators up and only two down. A situation diametrically different from that of last Friday, November 26, in which the 15 sectors ended the day with figures in red due to the announcement of the omicron variant, this being a negative trend that spread in the stock markets around the world.

At the close of the day yesterday, the general index of the BVL had an advance of 1.94% with 20,249.44 points. For its part, the selective index culminated with an advance of 2.44% and scoring 538.31 points.

Last Friday, shortly after the alarms were sounded from the WHO, stocks around the world closed lower. The Dow Jones index Industrials, which is the main indicator of the Wall Street stock market, ended with a 2.5% loss, which was considered the worst loss of the year. However, at the opening on Monday 29 it had a rebound effect with a 0.73% gain.

On the other hand, the FTSE 100 index of the London stock market ended down 3.6% last Friday. However, at the close of yesterday, it had an advance of 0.94%. In South America, the Sao Paulo scholarship, one of the most important in the region, had posted a loss of 3.4%. However, and following the international trend, yesterday it rose by 0.58%.

For the economist of the University of the Pacific Melvin Escudero, yesterday there was a rebound in the markets because, apparently, Yes, there is the capacity at the international level to face this new variant due to government policies, as well as the issue of vaccination, beyond the fall of the main stock market indicators last Friday.

“This negative news is known as ‘black swans.’ It can be a natural disaster or a nuclear accident, that can negatively impact stock markets around the world. Although it is known that there may be several variants during the pandemic, the important thing is that, if there is capacity to control these variants, the markets will absorb this information and they will have rises in the stock markets, as today from 2% to 3% worldwide, ”Escudero remarked.

Crude calm, for now

From the other end of the board, the Russian allies of OPEC + have certified that there is, at the moment, no reason for the omicron variant to put oil-producing countries on edge. As is public knowledge, the current rebound effect in the price of fuels has dragged down the market for oil and its derivatives. Peru is one of the countries that has been affected, as it is a net importer of oil.

Data

Variant. The shares of pharmaceutical companies that develop vaccines against Covid-19 rose this weekend.

Bag. With positive results, the selective index had a gain of 2.44%, while the general obtained 1.94%.