Lima Stock Exchange closes June with losses due to poor performance of the mining sector

The Lima Stock Exchange (BVL) ended the session on Thursday, June 30, in negative territory due to a sharp drop in the mining sector, following the poor performance of the markets on Wall Street.

At the end of the operations, the S&P/BVL Peru General Index, the most representative of the Lima stock market, fell by 1.53% to 18,388.82 points.

Similarly, the S&P/BVL Peru Selective Index, which is made up of the most traded shares in the local market, fell by 0.71% and stood at 483.22 units.

During the session, a traded amount of S/ 58.6 million was reported in 322 operations. In addition, shares of 48 companies were listed, of which 9 rose, 25 fell and 14 did not show any variation.

By sectors, those that had the most losses were: mining (-3.15%), financial (-1.82%), construction (-0.91%) and industrial (-0.62%). Only consumption ended in the green with 0.48%. Meanwhile, services and electricity did not register changes.

Among the local stocks that fell the most were those of HudBay Mineral (-9.33%), Volcan Compañía Minera (-7.41%), Sociedad Minera El Brocal (-4.28%), Southern Copper Corporation (-4, 17%) and Cerro Verde Mining Company (-3.94%).

In contrast, those that rose the most included InRetail Peru (2.18%), Banco BBVA Peru (1.19%), Telefónica (0.99%), Cartavio (0.89%) and Compañía Minera Santa Luisa (0. 54%).

“The Peruvian market closed lower than the US due to the greater drop in commodities”, said César Romero, head of research at Renta4 SAB.

globally

US stocks fell on Thursday, with major averages posting sharp declines through June, the second quarter and the first half of 2022, as concerns about rising inflation and prospects of a recession weighed heavily on US assets. risk, the expert pointed out.

The S&P 500 fell 0.9% to 3,785.38, ending the first half of 2022 down 20.6% in its worst start to the year since 1970. The Dow ended Thursday’s session at 30,775.43. , down 15.3% in the year to end, its worst first half since 1962. And the Nasdaq’s 29.5% drop so far in 2022 marked its worst first half on record.