Lima Stock Exchange closes mixed this Tuesday, July 4

Lima Stock Exchange closes mixed this Tuesday, July 4

The Lima Stock Exchange closed the operations of this Tuesday, July 4, 2023 with its mixed indices. Thus, it registered 9 upward and 7 downward indicators.

The S&P/BVL Peru General Index, the most representative of the Lima stock market, fell 0.10% to 22,410.18 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 0.01% and stood at 571.47 units.

The greatest gains of the day were located in the construction sectors (0.86%), industrial (0.72%) and mining (0.04%). In contrast, services and electricity (-0.48%), consumption (-0.40%) and financial (-0.34%) led the losses.

The shares that rose the most were from local companies Aenza (6.52%), Nexa Resources Peru (5.44%) and Banco BBVA (3.23%). While the shares of Empresa Agroindustrial Pomalca (-7.19%), Engie Energia Perú (-3.03%) and Intercorp Financial Services (-3.02%) led the losses.

Chinese stocks rose

According to César Romero, Head of Research at Renta4 SAB, stock markets in Asia diverged on Tuesday as investors assess the latest escalation in tensions between United States and China by access to advanced semiconductor technology.

Stocks rose in China despite The Wall Street Journal reporting that the Biden administration plans to restrict Chinese companies’ access to Chinese cloud computing services, which use advanced artificial intelligence chips.

Stocks of the largest technology companies in China They rose largely despite geopolitical concerns, underscored by Beijing’s announcement on Monday of planned restrictions on exports of key minerals for chipmaking. US Treasury Secretary Janet Yellen will travel to China on Thursday in an effort to ease tension between the two governments, Romero reported.

Source: Larepublica

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