Stock market opens higher this Thursday, March 30

The Lima Stock Exchange (BVL) opened this Thursday, March 30, with its main positive 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 0.03% and was located at 21,635.23 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 0.04% to 562.96 points.

The Consumer, Financial and Mining sectors started the day with increases of 0.16%, 0.03% and 0.02%, respectively. Services and Electric showed a negative variation of -0.40%.

At the national level, the Congressional Economic Commission received representatives from the Ministry of Economy and Finance (MEF), the Central Reserve Bank (BCR), the Banking, Insurance and AFP Superintendency (SBS) and the Association of AFPs for present on the legislative initiatives for the withdrawal of AFP funds as well as the proposal for a comprehensive reform of the pension system in Peru.

Thus, from the MEF and the SBS they highlighted that a seventh withdrawal from the AFP fund would imply an outflow of between S/ 22 billion and S/ 25 billion additional to the almost S/ 90 billion that would have already gotten away with the six previous withdrawals.

It should be remembered that at the beginning of the pandemic, the AFPs managed around S/ 180 billion of long-term resources and today they have almost S/ 100 billion.