EconomyLima Stock Market closes higher driven by progress in...

Lima Stock Market closes higher driven by progress in all its sectors


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The Lima Stock Exchange (BVL) closed Tuesday’s session with gains, while the markets’ attention is focused on China due to possible new restrictions due to more COVID infections.

At the end of the operations, the S&P/BVL Peru General Index, the most representative of the Lima stock market, rose 1.89% with 22,302.48 points.

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Similarly, the S&P/BVL Peru Selective Index, which is made up of the most traded shares in the market, rose 2.19% and settled at 582.07 units.

During the session, shares of 59 companies were quoted, of which 34 rose, 13 fell and 12 did not change.

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All the sectors presented gains were: mining (3.00%), construction (2.41%), financial (2.26%), service (2.15%), electricity (2.15%), industrial (1 91%) and consumption (0.75%).

Among the local stocks that rose the most were Aenza (7.14%), Compañía de Minas Buenaventura (3.19%), Ferreycorp (0.91%) and Alicorp (0.72%).

In contrast, those that fell are Luz del Sur (-3.37%) and Backus (-1.64%).

César Romero, Head of Research at Renta4 SAB, notes that US stocks rose on Tuesday in scant trading ahead of the Thanksgiving holiday, with investors focused on the prospect of rate hikes. Federal Reserve interest.

Fewer shares traded on the New York Stock Exchange and Nasdaq than average, marking the lowest volume day since Aug. 29, according to Dow Jones Market Data. It was also the sixth day with the lowest trading volume of the year.

At regional level

Latin American currencies were mixed on Tuesday amid a global decline in the dollar, while most stock markets posted losses, with markets’ attention focused on China amid possible new restrictions due to more coronavirus infections. COVID.

According to Reuters Agency, the dollar was stabilizing on Tuesday, after rallying the previous day as investors flocked to the safe-haven currency on concerns about COVID outbreaks in China, while bitcoin came under pressure on fears of a new contagion after the collapse of the FTX crypto exchange.

“What’s happening in China will take center stage,” said Joseph Capurso of the Commonwealth Bank of Australia. “There seems to be some (…) increased restrictions on the movement of people, and I think there will be unavoidable economic impacts.”

Source: Elcomercio

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