The recomposition of investment portfolios in the global field has aroused the appetite by emerging market instruments such as the actions of Peruvian companies, which has caused a ‘rally’ in the Lima bag.
“Give me a GRRr … Historical record (sic),” said the Lima Stock Exchange (BVL) in an ‘mailing’ in which he specified that his S&P/BVL Peru Select index exceeded 900 points, marking a new maximum. This indicator is considered the most representative of the local stock market, because it groups the largest and negotiation companies.
“(This) record has been driven by the rotation of capital outside the US, the weakening of the dollar and the high terms of exchange in Peru,” said the BVL.
So far this year, the S&P/BVL Peru Select pays 17.8%.
Marco Contreras, Kallpa Sab Research Chief, said that, as well as Peru, the market of shares worldwide has reached records both for the probability that there are two or three cuts to the Fed rates and for the interest that emerging markets have aroused.
“There were several companies that were quoting with enough discount (with potential to raise their price). That has increased the appetite through the local bag. Although the negotiation volumes remain low, there is an appetite of investors for Peruvian actions,” said Contreras.
Along the same lines, César Huiman, a senior analyst of Equity Research, of rent4 SAB, said that the attraction for emerging market assets has led to the index of these economies surrendering to date (19%) above the index of developed markets (13%). He explained that, in the case of the Andean region, the investment flows for shares of companies reached US $ 687 million so far this year, which represented a growth of 70% compared to the annual average of the last five -year period.
He noted that Chile and Peru concentrated these investments with a 70% and 23% participation, respectively.
According to Reuters information, the global variable income funds excluding the United States registered their largest capital tickets in more than four and a half years, because investors redirected resources outside the US market.
Winning sectors
The selective index of the Lima stock market is mostly made up of companies of the mining sector (45%) and signatures of the financial sector (between 35%and 40%). And precisely, the capitals have directed to these shares.
According to Huiman, in the case of mining companies, the Good (BVN) and Southern papers are the ones who have registered the best behavior. So far this year, the BVN price has increased 52.6%, meanwhile, Southern’s grew by 10%. On the other hand, among the actions of the financial sector, those of Credicorp and IFS stood out. The price of the first has risen in 39.4% and the second 34.9%.
For Contreras, a factor that has played in favor of Peru is that the prices of several titles have space to climb. On the possibility that this trend can be maintained, the specialist said that it will depend on the political cycle linked to elections, which is currently not having an influence on the prices of Peruvian actions.
Receive your Peru21 by email or by WhatsApp. Subscribe to our enriched digital newspaper. Take advantage of discounts.
