The Lima Stock Exchange (BVL) lost for the second consecutive session and closed with the main indices in the red. Thus, the S&P Peru General fell by -0.94% (22,481.11); while the S&P Peru Selectmade up of the most traded shares in the local market, closed at -0.36% and stood at 603.41 units.
Of the seven sectors, five lost their prices: finance (-2.57%), consumption (-0.96%), mining (-0.86%), and services and electricity at -0.29% respectively. While the industrial and construction items gained 1.01% and 1.27%; respectively.
At the local level, the shares with the highest growth on the BVL were Candente Copper, Hidrandina and Siderúrgica del Perú, up 18.06%; 3.57% and 2.50% respectively.
The powerful growth of Candente was due to the statement in which it mentioned the initial inferred resources, highlighting the higher grades and lower capital expenditure in this Preliminary Economic Evaluation 2022. On the negative side, the shares that fell the most were BBVA, Aceros Arequipa ( Investment) and Enel Generación, the falls totaled 2.5%; 1.61% and 0.97% respectively.
According to Renta 4, the fall was less than that of the Latin American markets, the General Index fell 0.94%, while the Brazilian market fell by 1.18%, the Chilean by 0.94%, the Colombian by 0.55% and the Argentine by 1.92 %.
“As an international benchmark, the US market recovered 0.94%, marking a more risk-off scenario given the growth of developed markets to the detriment of emerging ones,” the agency said in a note.
Globally, the New York Stock Exchange continued on a four-day winning streak by closing higher on Wednesday, despite weak employment figures and amid fears that the Federal Reserve (FED, central bank) would tighten measures against inflation.
The Dow Jones Industrial Average gained 0.6% to finish at 35,629.33 points. The S&P 500 rose 0.9% to 4,589.38 points, while the tech-heavy Nasdaq advanced 0.5% to close at 14,417.55 points.
Positive earnings reports, such as that from Google parent Alphabet, buoyed the tech sector.
Source: Larepublica
Kingston is an accomplished author and journalist, known for his in-depth and engaging writing on sports. He currently works as a writer at 247 News Agency, where he has established himself as a respected voice in the sports industry.
