Lima Stock Exchange closes in red before new sanctions on Russia for invasion of Ukraine

The Lima Stock Exchange (BVL) ended the day this Thursday in negative territory due to the poor performance of the mining, construction, and financial sectors, in the midst of the White House announcement on new sanctions against Russia for its invasion of Ukraine.

At the end of the operations, the S&P/BVL Peru General Index, the most representative of the Lima stock market, fell by 1.09% to 25,363.65 points.

Similarly, the S&P/BVL Peru Selective Index, which is made up of the most traded shares in the local market, fell by 0.87% and stood at 659.78 units.

During the session, a traded amount of S/ 191.1 million was reported in 453 operations. In addition, shares of 65 companies were listed, of which 28 rose, 16 fell and 21 did not show any variation.

By sectors, the losses were in financial (-2.63%), mining (-1.33%), consumption (-0.34%) and construction (-0.01%). Only industrial finished in the green with 0.23%. Meanwhile, services and electricity did not register changes.

Among the local stocks that fell the most were Sociedad Minera Cerro Verde (-2.78%), Trevali Mining Corporation (-2.54%), Credicorp (-1.94%), Southern Copper Corporation (-1.47%) and Casa Grande (-1.02%).

On the contrary, those that rose the most stood out those of Compañías de Minas Buenaventura (8.11%), Nexa Resources Atacocha (4%), Austral Group (3.15%), Banco de Crédito del Perú (1.27%) and Ferreycorp (0.82%).

“The local stock market, following the technical fall in commodities, fell by 1.09%, continuing the fall in mining values ​​globally”, pointed out César Romero, head of Research at Renta4 SAB.

He indicated that, globally, the United States will expand its sanctions against Russia in response to its invasion of Ukraine, targeting the country’s members of parliament and the central bank’s gold reserves, as the White House said on Thursday.

Among stocks, the S&P 500 rose 1.43% to 4,520.16, while the Dow Jones Industrial Average rose slightly 1.2% to 34,707.94. The Nasdaq Composite gained 1.93% to 14,191.84. This as a technical recovery against the losses seen yesterday and a drop in the main metals.

Also, the Moscow Stock Exchange partially reopened after a nearly month-long closure to resume local trading of 33 securities.