The Lima Stock Exchange closed the session of this Thursday, August 31, 2023 with losses, scoring 10 downward indicators and 6 upwards. Thus, the S&P/BVL Peru General index, the most representative of the Lima stock market, it fell 0.87% to 23,133.53 points.
For its part, the S&P/BVL Peru Selective index, which is made up of the most traded shares in the local market, stood at -0.25% and stood at 600.97 units.
The financial sector was the one that reported the most losses in the day with a decline of 2.57%, followed by services and electricity (-0.36%, each one). On the other hand, the items that registered the most gains were construction (0.86%), industrial (0.55%), consumption (0.29%) and mining (0.19%).
The shares that fell the most were from the companies Banco de Crédito del Perú (-3.00%), Credicorp (-2.82%) and Compañía de Minas Buenaventura (-2.54%). Those that registered gains were Empresa Agraria Azucarera Andahuasi (21.95%), Aenza (3.77%) and Compañía Minera San Ignacio de Morococha (2.99%).
Market closes mixed due to the rise in inflation and the fall in requests for unemployment benefits
According to César Romero, Head of Research at Renta4 SAB, the performance of the main stock indices on the last day of August was not positive, beginning with the S&P 500 (-0.16%), the fall of the Dow Jones (-0.18%) ending a difficult month; on the other hand, the Nasdaq Composite rose 0.11%; however, these indices registered losses in the month.
The Nasdaq had its best start to the year since 2003, while the Dow and S&P 500 each posted their best start since 2021., according to Dow Jones Market Data. Earlier in the day, more economic data was released from USAsuch as the rise in core inflation and the drop in jobless claims above expectations in August, in addition to confirming what many investors assumed about the consumer, this remains strong due to a resilient labor market and disinflation continues, although jobs report is still awaited.
The 2-year Treasury yield plunged as much as 16 basis points, the 10-year note fell -0.24% and the 30-year note was down -0.40%. This is because of the data on consumer confidence that was softer than expected, Romero reported.
Source: Larepublica
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