Lima Stock Exchange closes with losses while eyes are on the US election result.

The Lima Stock Exchange (BVL) closed Wednesday’s session with losses, in a repositioning of investments in dollars in the prelude to the disclosure of inflation data from the United States, while the results of a close election are expected. mid-term in the North American country.

At the end of the operations, the S&P/BVL Peru General Index, the most representative of the Lima stock market, fell by 0.68% to 21,812.59 points.

Similarly, the S&P/BVL Peru Selective Index, which is made up of the most traded shares in the market, fell by 0.51% and stood at 574.45 units.

During the session, shares of 63 companies were quoted, of which 28 rose, 12 fell and 23 did not register a variation.

The sectors that presented gains were: construction (1.19%), consumption (1.16%), industrial (1.08%), services (0.24%) and electricity (0.24%).

On the other hand, the segments that had losses were: financial (-2.46%) and mining (-0.43%).

Among the local stocks that rose the most were Cementos Pacasmayo (2.27%), Alicorp (1.50%) and Ferreycorp (0.87%).

In contrast, those that fell are Minsur (-2.16%) and Compañía de Minas Buenaventura (-0.52%).

According to Cesar Romero, Head of Research at Renta4 SAB, US stocks slumped on Wednesday after three days of gains, as investors pondered a mixed verdict from the midterm election results and very tight inflation data. expected, which would leave tomorrow at 8:30 am.

Investor optimism during the three-day rally in stocks was based on expectations that Republicans would gain ground and create a policy impasse for Democrats in Washington. But the Republican red wave did not materialize in the US midterm elections.

Currency markets and stock markets in Latin America closed lower on Wednesday, in a repositioning of investments in dollars in the run-up to the release of inflation data from the United States, while the results of a close election are expected. half term in the North American country.

According to the Reuters Agency, for analysts, the figures for consumer prices in the United States will be crucial to intensify or dispel hopes of a paradigm shift by the Federal Reserve.

“Expectations that the Federal Reserve will pivot to a less aggressive stance have been growing, with December a possible reversal point for ongoing monetary tightening,” wrote Ricardo Evangelista, senior analyst at ActivTrades.