Lima Stock Exchange closes with gains despite falls in foreign markets

The Lima Stock Exchange (BVL) ended Thursday’s session on positive ground, amid falls in international markets, with the exception of Latin America, due to 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 0.85% to 24,452.39 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 0.83% and stood at 644.86 units.

US stocks fell after rising a day earlier, while energy prices stabilized after hitting their highest since 2008. On Wall Street, the S&P 500 fell 0.53% today, while the Dow and the Nasdaq also fell by 0.29% and 1.56% respectively.

“The downward movement is caused by the war between Russia and Ukraine that continues to worsen, along with greater sanctions by the United States that would generate a higher cost for developed economies, mainly”, explained César Romero, head of Research at Renta4 SAB.

“This positive performance was observed again at the Latin American level, the only Latam market that falls is the Brazilian market by 0.09%”, he pointed out.