Lima Stock Market is shown to drop this Wednesday, May 10

The Lima Stock Exchange (BVL) opened with its main negative stock market indicators this Wednesday, May 10, and as the hours passed, it continued to show a downward trend.

At the average of 10:30 am, the S&P/BVL Peru General Index, the most representative of the Lima stock market, registered a negative variation of -0.55% and was located at 22,167.33 points.

For its part, the S&P/BVL Peru Selective Index, which is made up of the most traded shares in the local market, also registered a negative variation of -1.38%. up to 555.26 points.

Most of the sectors showed decreases with the exception of Services and Electricity, which registered a positive variation of 0.27%, respectively.

A new record low marked the price of the dollar on Tuesday: it closed at S/3.693 and was below S/3.70 for the first time in 12 months. With this, the currency registered a decrease of 0.41% compared to Monday’s close and an accumulated decline of almost 3% compared to its last value in 2022 (S/3.812).

“Global markets fell during the morning due to the uncertainty generated by the weak Chinese economic data. They are also waiting for the US inflation data to be released this Wednesday, which may change views on the interest rate cut.”explained Asvim Asencios, currency trader at Renta4 SAB.