Lima Stock Exchange closes with gains driven by the mining and consumer sectors

The Lima Stock Exchange (BVL) ended Thursday on positive ground due to the momentum of the mining and consumer sectors, despite a new political crisis in which multiple sectors of the country demand the resignation of President Pedro Castillo.

At the close of trading, the S&P/BVL Peru General, the most representative of the Lima stock market, rose by 0.17% to 24,647.51 points.

Similarly, the S&P Index/BVL Peru Selective, which is made up of the most traded shares in the local market, advanced by 0.13% and was placed at 644.31 units.

During the session, a traded amount of S/ 38.03 million was reported in 553 operations. In addition, shares of 68 companies were listed, of which 17 rose, 25 fell and 26 did not show any variation.

By sectors, mining (1%), consumption (0.23%), electricity (0.15%) and services (0.15%) had gains. Meanwhile, the items that ended with losses were financial (-0.73%), industrial (-0.52%) and construction (-0.25%).

Among the local stocks that rose the most were Compañía de Minas Buenaventura (2.61%), HudBay Mineral (1.77%), Nexa Resources Atacocha (1.54%), Volcan Compañía Minera (1.11%) and Enel Generación Peru (0.43%).

On the contrary, those that fell the most are those of Banco de Credito del Peru (-3.74%), Compañía Minera San Ignacio de Morococha (-3.57%), Candente Copper (-3.49%), Citigroup ( -3.06%) and Intercorp Financial Services Inc (-2.47%).

“The BVL managed to rebound just like the American market thanks to the better performance of gold by 0.60%”, pointed out César Romero, head of Research at Renta4 SAB.

Globally, US stocks rallied in late trading on Thursday to cap a choppy session in the green as investors continued to ponder an aggressive reading of the minutes from the Fed’s latest policy-setting meeting. which suggested that a more aggressive tightening of monetary policies would be taking place, pointed out the Renta4 SAB expert.

The S&P 500 trimmed losses to rise 0.4% and the Dow Jones rose about 0.3% after falling 300 points in intraday trading. The Nasdaq Composite recovered from a drop of more than 1% to close just above break-even.

The tech index, which started the week up 2%, previously ended two consecutive sessions down 2.2%. The 10-year Treasury yield rose again to 2.652%, the highest level in three years.