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BVL closes higher while markets await decision from the Federal Reserve

BVL closes higher while markets await decision from the Federal Reserve

The Lima Stock Exchange (BVL) closed with gains in the session of this Wednesday, September 20, while the markets awaited the decision of the Federal Reserve of USA (Fed), after its two-day monetary policy meeting.

At the end of the operations, the S&P/BVL Peru General Indexthe most representative of the Lima stock market, rose 0.02%, at 22,742.29 points.

Furthermore, the Index S&P/BVL Peru Selectivewhich is made up of the most traded shares in the market, rose by 0.04% and stood at 591.31 units.

During the session, shares of 63 companiesof which 22 rose, 18 fell and 23 registered no variation.

All sectors presented gains: construction (0.15%), consumption (0.11%) and mining (0.04%). On the other hand, the sectors that had losses were services (-0.35%), electricity (-0.35%), financial (-0.32%) and industrial (-0.21%).

Among the local actions that stood out the most were Aenza (3.17%) and Buenaventura Mining Company (0.60%). On the contrary, the stocks that had losses were Cementos Pacasmayo (-1.30%) and Ferreycorp (-0.81%).

What was the result of the stock markets at the regional level?

Latin American currencies traded with gains in the first hours of business on Wednesday, amid a global decline in the dollar, while markets awaited the Federal Reserve’s decision to USA (Fed), after its two-day monetary policy meeting.

Confident that the Federal Reserve will keep interest rates unchanged, investors are much more focused on the release of new forecasts on Wednesday, which will reveal how much policymakers believe in the prospect of an economic “soft landing” and what rate environment will prevail. together with him.

In the short term, Fed policymakers are expected to continue projecting another rate hike before the end of 2023, likely at their Oct. 31-Nov. 1 meeting.

Source: Gestion

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