The Peruvian stock market plunged on Thursday and The local currency depreciated moderately generates doubts among investors the government plan of the nationalist candidate Ollanta Humala for president.
also Traders said investors sold their positions following the foreign markets on fears receding higher U.S. inflation and low international prices of minerals.
At 10.45 local time (1545 GMT), the general index of the Lima stock exchange was down 5.97 percent to 17,502.00 points, while the index which brings together the leading roles, was down 6.58 percent to 24,116.70 points.
Meanwhile, the local currency also weakened by electoral uncertainty and the external environment.
The sun was down 0.25 percent to 2.826 / 2.827 per U.S. dollar compared Wednesday's close, ends down 1.0 percent from last week.
With this result, the stock was down more than 17 percent since Friday, before the first round of elections in which Humala won the first majority. The candidate must now define the presidency in a runoff against lawmaker Keiko Fujimori placed second in the polls.
"Apparently the market was expected to back up while there is nothing clear about Humala government plans because of its credibility because the streets listening to a speech in other media" said a dealer.
"I see no reason to bounce out also because markets are falling and metals," he added.
The retired officer Humala, the candidate feared by the market despite having moderate left his position would have made 31.8 percent of the vote with 97 percent of the vote counted.
For his part, Fujimori legislator, whose father Alberto Fujimori was sentenced to 25 years in prison for human rights abuses, had a 23.5 percent of the vote.
squares Agents also said there is doubt about the candidate's populist proposals like taxing windfall profits of mining companies, whose shares have great weight in the stock market.
Reuters
(By Ursula Scollo, editing by Vicki Allen)
0 comments:
Post a Comment