Lima Stock Exchange closes in the red amid concerns about possible global recession

The Lima Stock Exchange (BVL) ended Tuesday’s session in negative territory due to the poor performance of the mining, industrial, consumer and construction sectors, amid growing risk aversion derived from fears of a global recession that led investors to take refuge in dollar-denominated assets.

At the end of the operations, the S&P/BVL Peru General Index, the most representative of the Lima stock market, fell by 0.87% to 18,292.04 points.

Similarly, the S&P/BVL Peru Selective Index, which is made up of the most traded shares in the local market, fell by 1.57% and stood at 478.23 units.

During the session, a traded amount of S/ 13.6 million was reported in 363 operations. In addition, shares of 46 companies were listed, of which 12 rose, 21 fell and 13 did not show any variation.

By sectors, those that had the most losses were: mining (-2.55%), industrial (-0.77%), consumption (-0.31%) and construction (-0.23%). Only financials ended in the green with 0.24%. Meanwhile, electricity and services did not register changes.

Among the local stocks that fell the most are those of Trevali Mining Corporation (-16.25%), Southern Peru Copper Corporation (-10.58%), Volcan Compañía Minera (-4.40%), Sociedad Minera Cerro Verde (- 3.77%) and Minsur (-3.70%).

In contrast, those that rose the most stood out Empresa Agroindustrial Pomalca (2.63%), Casa Grande (1.41%), Empresa Siderúrgica del Perú (0.74%) and Cementos Pacasmayo (0.54%).