The Lima Stock Exchange (BVL) closed the day on Friday, December 3 in negative territory with only one sector on the rise, the mining sector, and with the other 14 on the decline. Despite MMG’s announcement to halt its copper production at Las Bambas, mining shares rebounded in the Lima plaza amid a streak of general red.
At the close of operations, the S & P / BVL Peru General index, the most representative of the Lima stock market, recorded a drop of 0.81% and it was located at 20,000.39 points. Similarly, the S & P / BVL Perú Selectivo index, which is made up of the 15 most traded shares in the local market, posted a 1.06% decline and ended at 529.26 units. The mining sector was the only one that rose 0.07% with 394 points.
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The main sectors that registered losses in shares were the following: construction (-1.93%), industrial (-2.41%), finance (with -1.94), industries (-2.41%), services (-0 , 26%) and electricity (-0.26%).
This occurs after MMG Limited, majority member of the consortium that owns The Bambas, reported that copper production in the deposit could stop in mid-December due to the lack of inputs for the exploitation of the mineral due to the blockade of roads by community members of Chumbivilcas. Already in September he had issued a similar warning.
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