The average daily volume negotiated at Lima Stock Exchange (BVL) doubled in the first quarter of 2017 underpinned by expectations of a reconstruction-driven economic boost.
Thus, average daily transactions stood at US$38.8 million in the said months, a US$18.26-million rise over the same period in 2016, BVL data revealed.
Growth opportunity
Such rise owes to opportunities posed by the coming reconstruction process in disaster-hit areas, as well as by increasing metal prices, Inteligo Sociedad Agente de Bolsa (SAB) senior analyst Luis Eduardo Falen affirmed.
"While mining shares are relevant in our stock, we see plenty of activity in construction-related shares, as the reconstruction [process] following Coastal El Niño disasters offers a promising outlook for this sector," he told Andina news agency.
Amounts negotiated at BVL totaled US$2.527 billion in the 65 sessions carried out in the January-March 2017 period.
Operations
In the first three months of the year, BVL recorded an average of 577 daily transactions, thus maintaining the steady rise recorded in 2016 (527) and 2015 (382).
"The dynamism of mining and construction shares has contributed to the local stock’s better performance," he concluded.
(END) CNA/JJN/DHT/MVB