Lima stock market closed in positive territory due to the impulse of the financial and construction sectors

The Lima Stock Exchange (BVL) ended the day on Monday on positive ground due to the momentum of the financial, construction, mining and industrial sectors, despite a global decline in the dollar and negative data from China that once again raised doubts about the health of the world economy.

At the end of the operations, the S&P/BVL Peru General Index, the most representative of the Lima stock market, rose by 1.04% to 20,047.3 points.

Similarly, the S&P/BVL Peru Selective Index, which is made up of the most traded shares in the local market, advanced by 0.89% and was placed at 523.05 units.

During the session, a traded amount of S/ 19.6 million was reported in 428 operations. In addition, shares of 59 companies were listed, of which 27 rose, 16 fell and 16 did not show any variation.

By sectors, there were financial gains (1.11%), construction (1.04%), mining (0.98%), industrial (0.72%) and consumption (0.68%). Meanwhile, the items that ended with losses were electricity (-1.73%) and services (-1.73%).

Among the local stocks that rose the most were Compañía de Minas Buenaventura (4.37%), Sierra Metals (3.61%), Volcan Compañía Minera (2.90%), Corporación Aceros Arequipa (2.83%) and Intercorp Financial Services Inc (2.82%).

On the contrary, those that fell the most were Candente Copper (-7.69%), Trevali Mining Corporation (-5.66%), Southern Peru Copper Corporation (-5.61%), Enel Generación Perú (-2, 86%) and Minsur (-2.17%).

“The Peruvian index rose 1.04% following a global rally in commodities during the day, but the fall in US markets reduced gains at the close”, pointed out César Romero, head of Research at Renta4 SAB.

globally

US stocks were mixed on Monday as concerns about growth prospects amid elevated inflation persist.

The S&P 500 traded flat closing -0.39%. The Nasdaq fell more than 1.2%, as large-cap technology companies, including Apple, dragged down. The Dow Jones Industrial Average entered positive territory during intraday trading, adding more than 26 points.

US crude oil prices erased earlier losses to trade higher even after new economic data from China came in weaker than expected as the latest wave of virus-related restrictions in the country put the brakes on mobility, the analyst pointed out.

It added that China’s retail sales fell 11.1% in April from a year ago, marking the worst drop since March 2020, while industrial production unexpectedly fell 2.9% compared to the same month in 2021. .