The Lima Stock Exchange (LSE) would close the year with a return of 4% in dollars and 5% in solThat is, which places us above other Latin American countries, such as Colombia and Chile, according to a recent report by Credicorp Capital.
Likewise, by 2024, it is expected to reach levels of 20%, taking into account factors such as political stability, reduction in inflation levels and the expectation that the Central Reserve Bank (BCRP) will continue to reduce interest rates. reference.
Global Stock Market Performance
However, although the expectation remains positive, currently the registered volumes only reach between US$6 and US$7 million per day, when last year the negotiations reached US$10 or US$12 million, and several years ago they were around US$ $15 million.
Daniel Guzmán, General Manager of Credicorp Capital SAB, points out that next year it is expected to increase registrations again, promoting the participation of foreign investors, AFPs and retail clients. Furthermore, to that is added the upcoming integration of the Stock Exchanges of Colombia, Peru and Chile, which will help grow the national market.
“The integration process of the Chilean, Colombian and Peruvian stock exchanges has already begun, which will make our market grow. To date, there is only one company that brings together the three exchanges, but the technical work tables have already begun to make this a reality of operating systems. cWhen it comes out, in 2025, there will be a larger and more interesting market. Next year should be better than this one, and the next year with the integrated market, it will be superior,” said Guzmán.
What are the sectors with the greatest reach in the Lima Stock Exchange?
For October, the sectors that have had the best performance are Electricity, with 38%, mainly due to the announcement of the sale of the Enel company’s operations in Peru. Mining follows with 18%, where the Buenaventura company stands out, while the areas that have decreased the most are financial (-2%), consumption (-5%) and construction (-12%).
“In general, the stock market is discounted. The multiples that we are managing are 8 or 9 times, when the normal thing is 12, 13 or even 14. Currently, it is very discounted, we have to hope that the environment is appropriate,” added Guzmán.
It should be noted that multiples are fundamental indicators that allow us to know the future performance of a stock or index.
Source: Larepublica
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