The Lima Stock Exchange (BVL) closed the session on Monday, September 4, 2023 with losses in most of its indices and scored 14 indicators down and 2 up.
So the index S&P/BVL Peru Overallthe most representative of the Lima stock market, fell 0.16% to 23,250.71 points.
For his part, he S&P/BVL Peru Selective Indexwhich is made up of the most traded shares in the local market, fell 0.30% and settled at 601.96 units.
The sThe service and electricity sectors (both -0.43%) recorded higher losses in the day, followed by construction (-0.36%), mining (-0.21%) and financial (-0.18%). In contrast, the item that marked gains was consumer (0.37%).
The shares that fell the most were VOLCABC1 (-2.17%), ENDISPC1 (-1.74%) and CREDITC1 (-1.49%). On the other hand, the shares that rose the most were BACKUSI1 (4.07%), CORAREI1 (2.70%) and ENGEPEC1 (1.30%).
Local stock market closed negative after low volumes due to US holiday
World stocks rose during this day driven by a rebound in the Chinese economy, after the authorities eased mortgage regulations to boost the real estate sector in that country, reported César Romero, Head of Research at Renta4 SAB.
Similarly, Hong Kong’s Hang Seng Index rose 2.4%, while the Shanghai Composite rose 1.4%. For its part, according to Reuters, shares of property developer Country Garden rose 17% after an agreement was reached with creditors to extend payments on a national private bond.
Gains were also recorded for technology companies Alibaba (3.3%) and JD.com (5%). Thus, Beijing and Shanghai became the latest Chinese cities to relax mortgage rules, allowing homebuyers to enjoy preferential loans regardless of their credit history.
Source: Larepublica
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