Lima Stock Exchange closes with mixed indices due to low business volumes

The Lima Stock Exchange (BVL) ended Monday with mixed results in its main indicators, in the midst of a trading session with low volumes and persistent concerns about geopolitical tensions between Russia and Ukraine.

At the end of the operations, the S&P/BVL Peru General Index, the most representative of the Lima stock market, advanced by 0.13% to 23,748.5 points.

For its part, the S&P/BVL Peru Selective Index, which is made up of the most traded shares in the local market, fell -0.03% and stood at 621.39 units.

The BVL was one of the three stock markets in the region that registered increases in their general indices. In the case of Colombia, the market registered an increase of 0.08% and in Argentina of 0.66%.

The low trading volumes were due, in part, to the lack of reference to the US market, which was closed for Presidents’ Day.

On the other hand, all European markets saw declines of 1% on average due to pressure from Russian President Vladimir Putin on Ukrainian territories.

“During the day it was reported that Putin recognized Ukrainian separatist territories as independent, this could bring sanctions by the United States and a greater geopolitical risk on the development of the situation in Ukraine”, said César Romero, head of Renta4 Research.

Only one stock had a positive performance within the stock market, which was Siderúrgica del Perú (0.62%). While those that fell the most were Minsur (-2.78%), Casa Grande (-2.03%) and Intercorp Financial Services (-1.89%).