The Lima Stock Exchange closed the operations of this Wednesday, September 6, 2023 with its mixed indices. Thus, it registered 7 upward and 8 downward indicators.
The S&P/BVL Peru General Index, the most representative of the Lima stock market, fell 0.10% to 22,950.47 points. For its part, the S&P/BVL Peru Selective Index, which is made up of the most traded shares in the local market, gained 0.21% and stood at 593.31 units.
The largest gains of the day were located in the services and electricity sectors with 2.30% each and consumption (0.02%). In contrast, financial (-0.94%), industrial (-0.54%), construction (0.39%) and mining (-0.01%) led the losses.
The shares that rose the most were from the local companies Nexa Resources Atacocha (15.56%), Enel (4.40%), Hidrandina (4.14%). While the shares of Cevecería San Juan (-7.14%), Banco de Crédito del Perú (-1.89%) and Unacem (-1.80%) led the losses.
Stock markets close negative globally
According to César Romero, Head of Research at Renta4 SAB, the main stock indices fell on Wednesday afternoon, and the technology-linked Nasdaq Composite ended down 1.1%. Apple and Nvidia shares closed down more than 3%. With today’s losses, the Nasdaq has been falling for three days in a row, the Dow Jones Industrial Average and the S&P 500 have been losing for two days in a row.
“Concerns about future rate hikes create more uncertainty for investors in a month that has historically been slow for the market,” Romero said.
Treasury yields have recovered from early declines and extend their rally as fresh signs of economic resilience revive bets on a Federal Reserve (FED) more aggressive. The 10-year bond rose 3 bps and the two-year bond rose 7 bps, both rising for three consecutive sessions. A better-than-expected services PMI reading boosted returns. Thursday; however, weekly jobless claims are expected to increase from 228,000 to 230,000.
Source: Larepublica
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