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Lima Stock Exchange closes with mixed indices while international uncertainty persists

Lima, March 2, 2022Updated on 03/02/2022 05:52 pm

The Lima Stock Exchange (BVL) ended today with its main indicators in mixed terrain due to the constant uncertainty in the markets generated by the conflict 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 0.41% to 24,247.04 points.

For its part, the S&P/BVL Peru Selective Index, which is made up of the most traded shares in the local market, rose by -0.12% and stood at 639.57 units.

Uncertainty over Russia’s war in Ukraine and its implications for the global economy weigh on risk assets”, said César Romero, Head of Research at Renta4 SAB.

Investors also watched further comments from Federal Reserve (Fed) Chairman Jerome Powell, who said the central bank was still on track to raise interest rates later this month as the economy held firm despite of ongoing geopolitical tensions”, he added.

The Fed’s statements allowed the recovery of some stock markets such as Wall Street, where the Dow Jones and the Nasdaq advanced by 1.79% and 1.62% respectively.

The main shares that rose this Wednesday were Pomalca (+8.11%), Trevali (+5.15%) and Buenaventura (3.83%). In contrast, those that fell the most were PPX Mining (-3.33%), Hidrandina (-2.61%) and Aenza -ex Graña y Montero- (-2.17%).

Source: Elcomercio

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