The Lima Stock Exchange closed its operations this Tuesday, July 12, with most of its indicators in red and recorded 11 indices down, 5 up and 1 unchanged.
In this way, the S&P/BVL Peru General index, the most representative of the Lima stock market, fell -0.22% to 18,462.98 points. Meanwhile, the S&P/BVL Peru Selective index, which is made up of the most traded shares in the local market, lost -1.00% and stood at 479.02 units.
The biggest profits of the session were located in the construction sector with 1.52%, followed by industrial (0.72%) and mining (0.24%). For its part, the consumption sector led the losses and fell -2.20%, followed by services and electricity, which fell -0.86% each. Financial had no variation.
YOU CAN SEE: Average price per m2 in Metropolitan Lima rose 16.5% in the last 12 months
The papers that fell the most were INRETC1 -4.28%, ENGEPEC1 -2.00% and BBVAC1 -1.85%. On the other hand, the shares that rose the most were SIDERC1 +6.62%, VOLCABC1 +3.69% and CASAGRC1 2.56%.
US market fell after starting positive
The stock market fell on Tuesday as the dollar rose to new highs, amid heightened concern about the health of the global economy.
The Dow Jones Industrial Average fell 193 points, or 0.6%. The S&P 500 and the Nasdaq Composite fell 0.9% and 1%, respectively. The US Dollar Index (DXY) rose 0.1% to just over 108. This is a new multi-decade high. The dollar is now up 17% in the past year and is up double digits in percentage terms by 2022, according to Cesar Romero, Head of Research at Renta4 SAB.
“Not only is that a sign that investors are seeking the safety of the dollar, but it also threatens to hurt corporate America’s profits. This is because sales made abroad translate into fewer dollars when the dollar strengthens,” says Romero.
In addition, he adds that historically, each percentage point increase in the dollar year over year translates into a half percentage point drop in the growth of earnings per share of the S&P 500, according to Morgan Stanley.
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