Lima Stock Exchange opens on mixed terrain this Monday, April 10

The Lima Stock Exchange (BVL) opened this Wednesday, April 5, with its main stock market indices in negative territory.

At the average of 09:30 am, the S&P/BVL Peru General Index, the most representative of the Lima stock market, registered a variation of 0.75% 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 negative variation of -0.68% to 562.96 points.

The Consumer, Services and Electric sectors were on the rise with 0.02%, 14.87% and 14.87%. In negative were Financial and Mining with -0.33% and -0.44%.

The social unrest and heavy rains in various areas of the country weakened the Peruvian economy: GDP growth was barely 0.5% in the first quarter of 2023, according to IPE estimates. This result is equivalent to less than a third of the increase in the second half of 2022 (1.8%), and mainly reflects the loss of dynamism in consumption and investment in the private sector.

This low growth could be reversed towards the second quarter of the year to the extent that the lesser intensity of blockades favors the recovery of activities that had been supporting growth at the end of 2022, such as mining.