Lima Stock Exchange closes higher after revealing the inflation data in the United States

The Lima Stock Exchange (BVL) closed Wednesday’s session with gains after reversing strong losses in the first hour after the inflation data in the United States that was well above expectations and opened the doors to further tightening of monetary policy by the Federal Reserve (Fed).

At the close of trading, the S&P/BVL Peru General, the most representative of the Lima stock market, rose by 0.50% to 19,966.11 points.

Similarly, the S&P Index/BVL Peru Selective, which is made up of the most traded shares in the local market, rose by 0.54% and was placed at 526.98 units.

During the session, shares of 61 companies were quoted, of which 18 rose, 22 fell and 21 did not register a variation.

The sectors that presented gains were: mining (3.44%) and financial (0.38%).

On the other hand, the only sector that presented losses was consumption (-0.37%), industrial (-0.37%), services (-0.37%) and electricity (-0.36%).

Among the local actions that rose the most, Pomalca (14.29%), Alicorp (1.69%) and Pacasmayo (0.24%) stood out.

In contrast, those that fell are Empresa Siderúrgica del Perú (-2.65%), Aceros Arequipa (-1.49%) and Minsur (-1.37%).

The currencies and stock markets of Latin America closed higher on Thursday, after reversing strong losses in the first hour after the inflation data in the United States that was well above expectations and opened the doors to a further tightening of the monetary policy by the Federal Reserve (Fed).

US consumer prices rose more than expected in September and underlying pressures continued to build, reinforcing expectations that the Federal Reserve will carry out a fourth interest rate hike of 75 basis points next month. .

After the inflation data, the regional currencies were strongly impacted and several of them gave up gains to fall more than 1%, but as the minutes went by they moderated those losses until they were fully reversed and profits were achieved.