The Lima Stock Exchange (BVL) closed the session of this Monday, August 14, 2023 with losses in most of its indices and scored 10 downward indicators and 6 upwards. Thus, the S&P/BVL Peru General index, the most representative of the Lima stock market, fell 1.02% to 23,225 points.
For its part, the S&P/BVL Peru Selective index, which is made up of the most traded shares in the local market, fell 0.26% and stood at 602.19 units.
The financial sector (-3.02) was the one that registered the greatest losses in the day, followed by mining (-1.45%), and services and electricity (-0.65%). On the other hand, the items that marked gains were construction (2.55%), industrial (1.76%) and consumption (0.44%).
The shares that fell the most were from the companies Cartavio Sociedad Anónima Abierta (-5.38%), Credicorp (-3.81%) and Banco Internacional del Perú (-2.78%). On the other hand, those that registered gains were Aenza (8.70%), Casa Grande Sociedad Anónima Abierta (3.98%) and Unacem Corp (3.80%).
Stock Market Closes Positive After Bad Login
According to César Romero, Head of Research at Renta4 SAB, after falling for two weeks in a row, the S&P 500 and Nasdaq Composite rose to start the new week. August has so far been a difficult month for investors, As of Friday’s close, the Dow Jones industrial average is down 0.8% this month, the S&P 500 is down 2.7% and the Nasdaq is down 4.9%.
“Retail earnings start later this week, with Home Depot, Walmart and Target among those reporting. Investors will be looking for information on consumer spending trends and any signs of a slowdown in spending that economists have warned is coming.” coming,” Romero said.
The minutes of the July monetary policy meeting of the Federal Reserve (FED) They will also be highly anticipated. With a publication date scheduled for Wednesday, they should give indications on their path forward on rates.
Source: Larepublica
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