Lima Stock Market opens with mixed indices this Wednesday, March 22

The Lima Stock Exchange (BVL) opened this Wednesday, March 22 with its main mixed stock market indices.

At the average of 09:30 am, the S&P/BVL Peru General Index, the most representative of the Lima stock market, registered a positive variation of -0.11% and was located at 21,308.59 points.

For its part, the S&P/BVL Peru Selective Index, which is made up of the most traded shares in the local market, recorded a positive variation of 0.21% to 558.84 points.

The Consumer, Financial and Mining sectors started the day with falls of -0.08%, -0.17% and 0.16%. The other sectors showed no variations.

In Europe, the stock markets remain awaiting the announcements about the interest rates of the Federal Reserve of the United States and what the president of the ECB, Christine Lagarde, has to say today.

According to data from CME Group, federal funds futures show that investors give a probability of about 83% that the central bank will raise interest rates by 0.25 percentage points for the second time in a row.

At the national level, various experts estimated that Peru may not grow economically this first quarter of the year. The Peruvian Institute of Economy estimates a growth of around 0.5% due to the effects of the protests in January and the weather effects. On the other hand, from Scotiabank and Macroconsult they estimated a growth of 0% and the latter even a drop of -1% between January and March.