Chile’s stock market ended a session lower with some flows this Monday, as the main global markets were on holiday for Christmas celebrations.
Upon the closure of the Santiago Stock Exchange, The S&P IPSA fell 0.66% to 5,222.Out of 29 scrips, only nine closed higher.
The biggest decline in the index was in stocks Entel (-3.38%), Banco de Chile (-2.19%) and Engie (-1.93%), while at the opposite extreme, there is an increase in Andina-B (2.00%), Sencosud (2.00%) and Sencoshop (1.39%).
Equity and fixed income markets were closed in both the US and Europe this Monday due to Christmas holidaysTherefore, the trading volume in the local market was lower than normal.
The dollar touches the $880 mark at the end of a session with low volumes due to the Christmas holidays
IPSA gained 1.85% last week. During this period, he led the works of Colbun (11.54%), Sencoshop (8.17%) and Engie (8.15%), and led losses SQM-B (-4.14%), Aguas Andinas-A (-3.03%) and CMPC (-2.31%).
In almost contrast to what was recorded this Monday, only eight of the 29 IPSA titles closed in the red last week. Appetite for Chilean equities in general was fueled by a takeover offer from a Canadian pension fund to expand its stake in Hortifruit.
Globally, the past week was marked with jitters of optimism, followed by gloom. Wall Street closed with a weekly loss of 0.20% and the Nasdaq Composite fell 1.94% during the period.
The latter was due to fears that the Federal Reserve might make a policy mistake, as it has maintained its determination to tighten financial conditions in an environment where inflationary pressures have not fallen at the pace expected by the market, and where a Signals are received in time. Advancement of economic weakness.
asian bag
At the close of the Asian stock markets, Tokyo’s Nikkei 225 rose 0.65% and mainland China’s CSI 300 rose 0.40%. Hong Kong’s stock market was also closed for the Christmas holiday.
Japan’s 10-year bond rate rose to 0.43% on Mondayreturning to conquer the highest levels allowed by the Bank of Japan last week in an announcement that spooked global markets.
The title rose by 0.47% last Wednesday Following the governing body’s decision – close to the new limit established around 0.50% -, before falling in the next two sessions.
During the Asian Day, doubts continued about China’s ability to effectively abandon its “zero covid” policy amid the spread of covid-19 across the country, and in a context where officials are reporting data on new infections across the country. refraining from publishing.
