Lima Stock Exchange closes the day with losses in 8 indicators and decreases 0.40%

The Lima Stock Exchange (BVL) closed the session on Thursday, July 20, 2023 with losses in most of its indices noting 8 downward indicators, 6 upward and 2 without variation. So the index S&P/BVL Peru Overallthe most representative of the Lima stock market, fell 0.40% to 22,984.9 points.

On the other hand, the index S&P/BVL Peru Selectivewhich is made up of the most traded shares in the local market, depreciated by -0.65%% and was placed at 590.22 units.

The consumer sector was the one that reported more decrease in the day with a decline of 0.47%. On the other hand, the item that registered gains was financial (0.37%), followed by mining (0.24%), construction (0.11%) and industrial (0.07%). Likewise, service and electricity did not present any variation.

The shares that fell the most were BVN (-4.40%), CVERDEC1 (-3.96%) and CORAREI1 (-2.54%). On the other hand, those that registered increases were MINCORI1 (8.22%), CARTAVC1 (3.59%) and LUSURC1 (2.01%).

Predominantly negative day for the US market due to the poor results of technology companies

Internationally, Netflix and Tesla presented their financial results and they were below what the market consensus expected, for which they registered falls of -8.41% and -9.74%, respectively, reported César Romero, Head of Research at Renta4 SAB.

In this line, the initial applications for unemployment benefits registered a level of 228,000, which demonstrated the strength of the labor market in the face of high interest rates. Analysts consider that these figures give the Federal Reserve (FED) a greater margin to continue with the adjustment cycle to its reference interest rate. Thus, the main stock indices and fixed income instruments presented a predominantly negative behavior in the session.