Lima Stock Exchange closes the day with losses in 11 indicators and decreases 0.92%

The Lima Stock Exchange closed the session of this Tuesday, July 11, 2023 with losses in most of its indices, scoring 11 downward indicators and 5 upwards. Thus, the S&P/BVL Peru General Indexthe most representative of the Lima stock market, it fell 0.92% to 22,557.54 points.

For his part, he S&P/BVL Peru Selective Indexwhich is made up of the most traded shares in the local market, depreciated by -0.01% and was placed at 585.64 units.

The financial sector was the one that reported the greatest decrease in the day with a decline of 1.57% , followed by services and electricity (-1.38%, each one), construction (-0.90%), mining (-0.88%) and industrial (-0.59%). On the other hand, the item that recorded gains was consumer (0.04%).

The shares that fell the most were INVCENC1 (-9.09%), BROCALC1 (-5.19%) and CORAREC1 (-3.54%). On the other hand, those that registered increases were SNJUANC1 (5.71%), SIDERC1 (3.33%) and VOLCABC1 (2.61%).

Positive day for US equities ahead of CPI release

In the market, the general price level is expected to continue decelerating in June (exp: 3.1%, prev: 4%), which would give the Federal Reserve FED reasons not to continue with the rate adjustment cycle reference interest rate (act: 5.25%), reported César Romero, Head of Research at Renta4 SAB.

However, there are high possibilities that at the next FED meeting, to be held at the end of July, the North American country’s monetary authority will raise its interest rate by 25 basis points to 5.5%, added the specialist.

Despite this, the main stock market indices performed positively during the day. Thus, the S&P 500 recorded growth of 0.71%, while the NASDAQ rose 0.55% and the Dow Jones advanced 0.93%. In fixed income, the yield on the 10-year Treasury note fell -2 basis points to 3.97%.