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The Lima Stock Exchange closed with the majority of indicators in red and lost 0.45% this Thursday, October 26

The Lima Stock Exchange closed with the majority of indicators in red and lost 0.45% this Thursday, October 26

The Lima Stock Exchange (BVL) closed its operations this Thursday, October 26, 2023 with most of its indicators in red. It recorded 14 indices with losses, 4 with gains and none without variation.

Thus, the index S&P/BVL Peru General, the most representative of the Lima stock market, fell 0.45% to 22,059.55 points. For its part, the index S&P/BVL Peru Selectivewhich is made up of the most traded shares in the local market, fell 0.07% and stood at 570.87 units.

The day’s earnings were located in the sector Financial and in Consumption which advanced 0.81% and 0.16%. By contrast, Industrial led the losses with a decline of 1.47%, followed by Mining (-0.72%), and Services and Electricity which decreased by -0.29% each.

The shares that fell the most were CORAREC1 -9.33%, BVN -3.56% and -2.08%. On the other hand, the stocks that rose the most were BAP +1.10%, INRETC1 +0.66% and VOLCABC1 +0.30%.

Stock markets closed negative despite favorable results in the US

According to Cesar RomeroHead of Research at Renta4 SABThe main US indices closed the day higher: the Dow Jones -0.76%, the S&P 500 -1.18% and the Nasdaq -1.76%.

However, Meta Platforms shares fell after issuing a warning about weaker advertising demand so far in the fourth quarter, pushing the Nasdaq lower. Pressure has increased on Ford management to obtain details about its tentative agreement with the UAW following the issuance of 3Q reports.

“Orders for durable goods increased more than expected from -0.1% to +4.7% m/m, positive figures for the US economy as it indicates an increase in business investment,” said Romero.

Finally, he added that these data, together with the GDP data in Q3, confirm the economic growth of the United States sustained by a strong labor market despite high price levels and high rates in recent months. “Growth in Q4 2023 is expected to moderate due to strikes in the automotive sector along with possible effects that the conflict between Hamas and Israel could cause regarding the energy sector,” he stressed.

Source: Larepublica

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